Sats & Gwei 07 | Inflation sours in South Africa, more people seek to invest in Crypto, Near blockchain trains devs & more

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Blockchain networks are beginning to leverage the rate at which Africans are adopting cryptocurrency. Cardano is one of such, as they aim to onboard Africans by supporting their crypto start ups. 

The Central African Development Bank aims to advance monetary integration by creating a common digital currency. On the other hand, the Central African Republic (CAR) launched their Sango coin. But the project got off to a rocky start.

In other news, South Africa's inflation hit 7.4%, the highest in 13 years. This must have heavily swayed the result of a survey conducted that shows that more than half of South Africans would invest in crypto if banks provided a platform for knowledge acquisition.

Nigeria, boasting the second largest market for cryptocurrencies in Africa, prides itself on having the best Bitcoin regulations in Africa. This happens after the Central Bank of Nigeria (CBN) developed a stream of policies and regulations aimed at making the digital asset space safer for current players and potential investors in the space.

A graduation ceremony was held in Kenya as 25 certified developers graduated after learning to deploy smart contracts on the NEAR blockchain. This event was sponsored by Web3 Clubs, a leading African Web3 Training Initiative.

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Sats & Gwei is a BanklessAfrica podcast 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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