Sats & Gwei 03 | Bitcoin as legal tender in Central Africa Republic is a go!!!🤓🚀🎊

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

Markets continue in a bear market as prices continue to experience further drops.

Crypto awareness continues to grow in Africa. Morocco aims to regulate the country’s crypto sector with the Central Bank focused on creating a regulatory framework aimed at innovation and consumer protection. The Central Bank of Nigeria in partnership with Africa Fintech Foundry plans to launch the eNaira hackathon on 4th August 2022.

The hackathon aims to boost macroeconomic growth, increase financial inclusion and facilitate the adoption of Nigeria’s e-naira. The hackathon will bring innovators together to develop solutions in areas such as international remittance, trans-boarder payment, blockchain, financial inclusion and trade.

 

Central African Republic’s president Faustin-Archange Touadéra has announced a launch date for the Sango project, a crypto initiative by the country’s leadership to allow the use of bitcoin as a legal tender. July 3 is the set date for launch. With this initiative, the country aims to tap into the vast blockchain and web3 ecosystem in the hopes of bettering its economic situation and combating inflation. 

 

Meanwhile, An African mobile banking platform Aella has partnered with creditcoin network to make credit histories transparent with the integration of creditcoin’s public blockchain. Creditcoin is a borderless credit investment network which seeks to create a credit lending infrastructure that provides fintech lenders and microfinance providers greater access to capital.

 

Listen in as we bring you these and many more crypto news and events about Africa in this week’s episode of Sats & Gwei.

 

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Sats & Gwei is a BanklessAfrica show that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

 

Disclaimer:

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

 

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