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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: Africa

The State of Bitcoin in Kenya

Category: Bitcoin, Commentary, News

The State of Bitcoin in Kenya

Following bitcoin’s birth in 2009 as a decentralized peer-to-peer payment network with fast transaction speeds and low transaction fees, one of its most predicted future application uses was for international remittance purposes. Many experts envisioned that bitcoin would be a driving force in reducing the costs of international money transfers to developing regions such as Sub-Saharan Africa and, thereby, create…

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BitPesa Partners with Bitbond to Offer Alternative Financing to African SMEs

Category: Bitcoin, Business, Finance, News

BitPesa Partners with Bitbond to Offer Alternative Financing to African SMEs

On March 28, Pan-African B2B remittance platform BitPesa and global peer-to-peer bitcoin lending platform BitBond announced a partnership with the aim to improve access to funding for small and medium-sized enterprises in Africa. BitPesa provides a digital platform that uses bitcoin and blockchain technology to facilitate cross-border B2B FX payments within, to and from Africa. The use of the blockchain…

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Standard Bank Joins R3 to Explore Blockchain Solutions in Financial Services

Category: Finance, News, Tech

Standard Bank Joins R3 to Explore Blockchain Solutions in Financial Services

Africa’s largest lender, Standard Bank, has joined the R3 blockchain consortium to further explore the possible applications of the distributed ledger technology in financial services. At R3, Standard Bank will collaborate with over 75 other global financial institutions and work in close collaboration with blockchain experts to derive new solutions from improving systems and processes in the financial industry.  Blockchain…

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What is Going on with Bitcoin in Nigeria?

Category: Bitcoin, Commentary, News

What is Going on with Bitcoin in Nigeria?

The interest in Bitcoin explodes in Africa’s biggest economy. The government cripples the regular remittance industry and remains unable to stop the devaluation of the domestic currency, the Nigerian naira. But shady investments and the famous Nigerian ‘princes’ might play a role; which is why the central bank has partially banned Bitcoin. For months Nigeria has taken the lead in…

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Bitcoin Acts as a Glimmer of Hope for Zimbabwe’s Failing Economy

Category: Bitcoin, Business, News

Bitcoin Acts as a Glimmer of Hope for Zimbabwe’s Failing Economy

Zimbabwe is once again finding itself in a disastrous economic situation as the country is suffering from the worst drought in 35 years and an acute shortage of cash to uphold an already fledgling economy. BTCManager reported on November 30 that, in an attempt to provide some stability in Zimbabwe’s economic system, President Mugabe’s cabinet introduced a new currency called…

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The Death of Sovereign Fiat in Zimbabwe

Category: Bitcoin, Commentary, Finance, News

The Death of Sovereign Fiat in Zimbabwe

Zimbabwe’s economy has been struggling since President Robert Mugabe encouraged the takeover of commercial farms owned by white settlers in 2000. This sparked a chain of events that lead down the path of economic fragility and downturn. Zimbabwe’s economic challenges are once again highlighted, as its sovereign currency is no longer in use and President Mugabe is trying to establish…

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African Bank-Backed Digital Currency Will Be Made Available To Senegal

Category: News, Tech

African Bank-Backed Digital Currency Will Be Made Available To Senegal

Various countries are contemplating the idea of issuing their own national digital currencies. Rather than embracing cryptocurrencies such as bitcoin, these digital currencies would still be backed by a central bank. Senegal could become the first country to deploy this strategy, as eCurrency Mind Limited announced they will provide a digital currency to the West African Economic and Monetary Union….

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South Africa’s Pro-Bitcoin Stance Is Boosting Innovation In Africa’s Largest Economy

Category: Bitcoin, Business, News, Regulation

South Africa’s Pro-Bitcoin Stance Is Boosting Innovation In Africa’s Largest Economy

South African regulators have taken a positive stance towards Bitcoin and are thereby contributing to the creation of a favorable environment for bitcoin and blockchain startups to flourish. In a white paper published by the South African Reserve Bank in December 2014, South Africa’s central bank stated that, while cryptocurrencies (referred to as Decentralized Convertible Virtual Currencies in the paper)…

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Feature Interview: Dream Bitcoin Foundation Fosters Entrepreneurship in Ghana

Category: Bitcoin, Commentary, Interviews, News

Feature Interview: Dream Bitcoin Foundation Fosters Entrepreneurship in Ghana

A well-documented wealth divide still exists across the globe — a barrier to many in their quest for economic freedom and personal sovereignty. Ghana is one country that offers a unique look at this contradiction. This small West African nation of 25.9 million people is blessed with an abundance of natural resources like diamonds, manganese ore, bauxite and oil. It is…

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Feature Interview: The Sun Exchange Powers Bitcoin to the Sun

Category: Business, News, Tech

Feature Interview: The Sun Exchange Powers Bitcoin to the Sun

The digital currency space consumes an ever-increasing amount of energy. Today many companies are turning to cleaner alternatives that can effectively reduce costs and fuel new economies. The Sun Exchange is one of these new innovative companies trying to introduce a cleaner and sustainable alternative to the current model, offering a future where finances are backed by the value of…

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