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Global BTC Trading App Strike Launches ‘First Fully-Featured Region Outside the US’

Global BTC Trading App Strike Launches ‘First Fully-Featured Region Outside the US’The fiat and bitcoin payments app, Strike, has launched its “first fully-featured region outside the U.S.” According to Jack Mallers, the founder and CEO of Strike, the African continent presents “immense opportunities for financial innovation and economic freedom.” High Inflation and Costly Remittances Render Africa a Favorable Market for Strike Strike, a payments app supporting […]

Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance

Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender

Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal TenderBitcoin remittances to El Salvador jumped more than fourfold in May from the previous year, according to data from blockchain analytics firm Chainalysis. Last week, El Salvador passed a bill making bitcoin legal tender in the country alongside the U.S. dollar. The monthly bitcoin transfers of under $1,000 to El Salvador totaled $1.7 million in […]

Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance

Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels

Official Remittance Inflows to Zimbabwe Surged to  Billion After Covid-19 Restrictions Forced Migrants to Use Formal ChannelsCross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in the diaspora to send money home.” Effects […]

Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance

Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income

Some African Crypto Users See Bitcoin as an Alternative Source of Retirement IncomeBitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income. On a continent plagued by high inflation and unstable currencies, bitcoin, which is decentralized and censorship-resistant, is seen “as a safer source to contribute to for retirement.” According to a local report, […]

Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance

African Migrants Are Turning to Cryptocurrency Platforms for ‘Low-Fee Remittances’

African Migrants Are Turning to Cryptocurrency Platforms for ‘Low-Fee Remittances’As central banks on the African continent fight to keep cryptocurrencies from going mainstream, many more migrant workers are increasingly turning to money-sending platforms that use cryptocurrencies when moving funds across borders. More Than Just an Investment Thus in addition to becoming a “hot investment for hedge funders and corporate moguls,” crypto-assets like bitcoin are […]

Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance