Category Archives: Nigeria

Crypto in Africa: Nigeria launches blockchain hub as it welcomes new crypto exchange

The cryptocurrency sector in Nigeria has been busy growing in the last couple of weeks with new game changers joining in the fray. More Nigerians are trading in cryptocurrencies both locally and internationally. New blockchain hub launched in Nigeria KAD ICT Hub, a Nigerian state-backed innovation hub, has collaborated with UK blockchain company Coinfirm to launch the Africa Blockchain Lab

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Nigeria taps blockchain to stop corruption, South Africa mulls pro-crypto tax guidelines

African countries are not just taking blockchain technology by the horn, they’re also tightly holding on to it. In the last few months, some countries in the region are finally realizing the great potential of cryptocurrency and its underlying technology. Can blockchain help stop corruption in Nigeria? The Nigeria Customs Service (NCS) is planning to venture into blockchain to eradicate

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Cryptocurrency Enthusiasts in Africa Need to Understand the Industry Before Investing

More and more investors in Africa are hopping on the Bitcoin bandwagon. However, they need to ensure that they are aware of what decentralization actually means when it comes to investing.  Africa is a continent rich in diversity, natural resources, beautiful landscapes, and common occurrences of political turmoil. Citizens may look to cryptocurrencies to escape these socioeconomic woes, or perhaps

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Nigeria Finds Bitcoin is a Way to Hedge Against its Naira

Nigeria Finds Bitcoin is a Way to Hedge Against its Naira The scrappy citizens of Lagos, Nigeria are traders and can-do survivors almost by nature. Their government, however, has mismanaged the nation’s money to such a degree that it’s prone to wild devaluation swings. And while an argument could be made bitcoin too is volatile,… The post Nigeria Finds Bitcoin

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Bitcoin as Lifeline Amid Crushing Devaluation, Extreme Poverty, Sectarian Violence in Nigeria

The scrappy citizens of Lagos, Nigeria are traders and can-do survivors almost by nature. Their government, however, has mismanaged the nation’s money to such a degree that it’s prone to wild devaluation swings. And while an argument could be made bitcoin too is volatile, it actually isn’t comparatively. With access to peer-to-peer exchanges such as Localbitcoins, Nigerians are revolutionizing even

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