Sats & Gwei 02

BanklessAfrica Podcast presents your weekly crypto news update from all around Africa!

We again observe the market trends over the week, with the crypto markets still in free-fall as a result of the bear. The weekly fiat currency statistics remain fairly stable, with very little decline in most instances. 

This week’s rollup highlights the need for increased fraud and security awareness in the financial and blockchain space due to rising instances of fraudulent activity using cryptocurrency as a medium for carrying out these acts. 

However, the African crypto space is witnessing steady growth, partly due to the heavy involvement of blockchain giants such as Celo and NEAR. There is an overwhelming increase in the reported statistics of cryptocurrency-related transactions from African countries, which signifies increased mass adoption and community growth.

There is even more optimism about the future of the cryptocurrency space as Moneygram moves to launch an initiative that fosters financial inclusion. Kenya, Zambia and Nigeria are at this week’s forefront of proposing transformative initiatives that will trigger mass involvement of the African populace in the crypto space.

 

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Sats & Gwei is a BanklessAfrica show that brings you weekly rollup on Crypto/web3 headlines about the African continent. 

 

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

 

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