While discussions about AI’s societal impact dominate globally, Africa’s limited internet access and other realities make widespread AI adoption on the continent unlikely. This points to the need for practical solutions before debating theoretical risks. AI Threat Debate Misses the Mark The debate surrounding artificial intelligence (AI) and its potential societal impact dominates headlines. However,…
Three BRICS members Russia, India, and China kick-started the de-dollarization agenda by settling a portion of their trade in local currencies and not the US dollar. The three countries have been partially successful in their quest as several oil deals were traded in local currencies. Even Saudi Arabia joined the bandwagon by purchasing Russian oil…
Yellow Card raised $33M in Series C funding to expand stablecoin solutions across 20 African countries. Yellow Card aims to enhance API products, enabling easier cross-border payments for businesses using stablecoins. Yellow Card, a pioneering fintech company in Africa, has secured $33 million in Series C financing. Blockchain Capital led this fundraising, with other prominent…
Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets more accessible. By offering a secure, user-friendly entry into crypto, Binance aims to empower millions across Africa with greater access…
Alchemy Pay and Yellow Card have teamed up to make cryptocurrency more accessible in Africa. Alchemy Pay’s on-ramp product will utilize Yellow Card’s payment infrastructure in 20 African countries, allowing users to purchase crypto with their local fiat currencies. This partnership aims to simplify the process of acquiring crypto by prospective users in several African…
A pioneering Africa-Europe collaboration aims to train 700 African Doctor of Philosophy (PhDs) in artificial intelligence (AI) over the next decade. The first intake of this program, however, will be unique: it will consist entirely of women. This initiative is the brainchild of CORE AI, a research partnership uniting universities from both continents. The program…
September 18, 2024 at 09:41 AM GST updated: September 18, 2024 at 09:07 AM 2 mins read Crypto Live News Bitget surpassed 45M users, growing 400% since 2023. Africa led with 1,614% growth, followed by South Asia at 729% and Southeast Asia at 216%. Bitget now handles $10B in daily trading volume, with a net…
As crypto adoption catches on worldwide in 2024, DeFi plays a big role in its growth across Sub-Saharan Africa and Latin America. The 2024 Geography of Cryptocurrency Report by Chainalysis reveals that DeFi activities boost crypto use in these areas. This leads to more altcoin trades and helps more people access financial services. DeFi Grows…
A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a positive step that improves the image of Nigeria’s crypto space. The leader believes clear regulations will attract foreign investors and benefit Nigerian entrepreneurs. He also urged Nigeria to follow the rule of law regarding the…
Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations. Binance Expands Services in Africa, Boosting Crypto Accessibility Cryptocurrency…