Tag Archives: africa

African startup Basqet Financials announces the launch of a gateway for cryptocurrency payments

African startup Basqet Financials announces the launch of a gateway for cryptocurrency payments

Fintech startup Basqet announced the launch of the public beta version of its payment service and announced its readiness to support payments in VTC, USDT, ETN and LTC. The list of accepted cryptocurrencies will expand as the service develops. Prior to the beta launch, test transactions worth over $1.3 million were conducted. Basqet’s team said it is ready to work with the 118 companies that have already signed up.

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IMF: Central Bank of Nigeria’s digital currency could be used for money laundering

IMF: Central Bank of Nigeria’s digital currency could be used for money laundering

The CBN launched its own digital currency in October 2021, becoming the first central bank in Africa to introduce such a product. Nigerian President Muhammadu Buhari believes eNaira will help “take entrepreneurs out of the gray zone” and boost the country’s GDP by $29 billion over the next decade. In the first month after eNaira’s launch, about 80,000 traders became users, officials said.

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How blockchain can help Africa thrive

How blockchain can help Africa thrive

Blockchain is not just about cryptocurrency. Its technology can help Africa get rid of intermediaries in the production chain, create new opportunities for farmers and make the local market more transparent. Blockchain can also make services more affordable, especially when it comes to financing trade and remittances, including overseas. All this would help the people of Africa to receive and multiply the benefits of their transactions.

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