Report: Number of African Cryptocurrency Users up by Nearly 2,500%

March 22, 2022 Bitcoin.com

Africa

The number of cryptocurrency users in Africa grew by almost 2,500% between January 2021 and January 2022, while the average number of monthly transactions went up by 1,400%, a new report by Kucoin has said. Widespread Adoption of Cryptocurrencies According to a new report by crypto exchange Kucoin, the number of cryptocurrency users in Africa […]

Microstrategy’s Bitcoin Binge Snags 1M in Latest Buy, Pushing Holdings to 444K BTC

Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC

Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain

February 14, 2022 Bitcoin.com

Bahrain Arab Banking Corporation

The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions for customers. Eliminating Inefficiencies in the Cross-Border Payment Arena With CBDCs Bahrain’s central […]

Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC

Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment

February 12, 2022 Bitcoin.com

bitcoin.com

Kenya’s central bank has acknowledged in a recently released document that a central bank digital currency could potentially benefit the country’s financial system. The bank, however, warned that rolling out a CBDC could also pose risks to the same. CBDC’s Impact on Financial Stability The Central Bank of Kenya (CBK) has suggested in a discussion […]

Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC

UAE Based Money Transfer Firm Announces Partnership With Ripplenet

January 28, 2022 Bitcoin.com

Al Fardan exchange

Al Fardan Exchange, a money transfer firm, has joined up with Ripplenet in a deal that will see the company use the Ripplenet blockchain when sending funds across national borders. Al Fardan’s Reasons for Joining Ripple A United Arab Emirates (UAE)-based money transfer platform, Al Fardan Exchange, has partnered with Ripple in a deal in […]

Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC

New Payment System Seeking to Bolster Intra-African Trade Goes Live

January 22, 2022 Bitcoin.com

AFCFTA

A new continent-wide payment system that seeks to strengthen African fiat currencies, as well as to boost intra-Africa trade, recently went live. Discussions about onboarding more African countries are still ongoing. SMEs the Main Beneficiaries of the Payment System A new African payment system, the Pan-African Payment and Settlement System (PAPSS), recently went live in […]

Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC

Kenya Central Bank Governor on CBDC: It’s About Getting It Right Rather Than Being First

November 22, 2021 Bitcoin.com

bitcoin.com

The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has said his institution is currently exploring the use of central bank digital currencies (CBDC) to settle cross-border payments. Njoroge however insists the bank’s priority is getting it right rather than being the first. CBK’s Approach According to a report by the Kenyan Wallstreet, Njoroge — […]

Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC

Kenyan Fintech Player: ‘Banking the Unbanked’ Is the Most Important Use Case for Digital Currencies in Africa

September 28, 2021 Bitcoin.com

BCH

The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition. The restrictions on movement, as well as the widespread fear of catching a virus, forced many to look for alternative ways of making payments or sending remittances. This search for an alternative inevitably led many […]

Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC

New Bank of America Report Says Digital Currencies ‘Could Boost Economic Growth’ in Developing Countries

June 22, 2021 Bitcoin.com

Bank of America

A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital currencies could reduce transaction costs and allow more economic activities in emerging […]

Cross Border Payment