For the average 18 to 35-year-old Nigerian, the words “Bretton Woods” probably don’t mean much. However, every time they’re charged for ATM withdrawals or incur fees for international money transfers, these two words are a stark reminder that Nigeria’s financial system was not designed with them in mind. The current financial system that underpins the […]
Internet access has reportedly been shut down in parts of Cameroon
The incubation space is expected to drive innovation using the technology that drives Bitcoin. Potential applications include finance and cybersecurity, as blockchains tend to be tamper-proof and are therefore highly secure.
Joe Mucheru is offloading his Bitpesa stock to avoid conflict with his recent government appointment.
Bitpesa vs Safaricom: 0 – 1
The Central Bank of Kenya has warned that cryptocurrencies are not legal tender, and they expose users to potential losses due to lack of backing assets. The currencies could also be used to finance terrorism and money laundering.