BuyCoins is a cryptocurrency exchange platform and wallet for Africa. Founder, Timi Ajiboye, in his innovator showcase at the Fintech 2.0 Townhall, says BuyCoins is trying to solve two key problems – create a reliable and fast way to trade cryptocurrency using a Nigerian card or bank account and to make trans-African currency exchange valuable in spite of their volatility.Since launching in August, 2018, over N1 billion worth of cryptocurrency has been traded on the platform. A majority of the transactions came from payments received by developers from their foreign clients, full-time cryptocurrency traders and transactions between importers and suppliers.Watch the full presentation below:
GEC+Africa in Cape Town highlighted a deeper challenge facing African businesses: how to make economic activity visible to capital. Image source: GEC+Africa.
L-R: Habib Thiam, Secretary General of the BCEAO, and Minayegnan Coulibaly, former Director General of GIM-UEMOA, during the launch of GIMpay in 2024. Image Source: GIM-UEMOA via RFI