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Africa remittances

Nigerian Blockchain-Based Payment Startup, Ivorypay, Partners With Stablecoin Issuer, Tether

Nigerian Blockchain-Based Payment Startup, Ivorypay, Partners With Stablecoin Issuer, TetherA Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian […]

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Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders

Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across BordersTwo Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the two companies.” Harnessing the Benefits of the Blockchain The Zimbabwean blockchain startup Flex ID and […]

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An African Perspective on Why the World Needs Cryptocurrencies

An African Perspective on Why the World Needs CryptocurrenciesRising cryptocurrency use in Africa over the past few years has not only shown that digital currencies are now a vital means of moving funds across borders and between people, but that cryptocurrencies are also an important means of accessing global markets for the financially excluded. Cryptocurrency Now a Necessity Despite ongoing efforts by regulators […]

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Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate

Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain AdvocateThe adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe their work is partly the reason many are turning to digital currencies. Importance of Education Starting in the first quarter of 2020, the adoption of […]

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Remittances to Africa Set to Drop by 5.4 % to $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed

Remittances to Africa Set to Drop by 5.4 % to  Billion — Covid-19 Pandemic and High Sending Costs BlamedAccording to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4 per cent drop, a […]

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