カテゴリー: Emerging Markets

Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

As Traditional Remittance Rates Soar, Crypto-Based Transfers Can Cut Costs in Africa by 90%Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new […]

The post Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% appeared first on Bitcoin News.

Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

As Traditional Remittance Rates Soar, Crypto-Based Transfers Can Cut Costs in Africa by 90%Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new […]

The post Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% appeared first on Bitcoin News.

The Struggle to Buy Bitcoin in Crypto-Starved Botswana

Bitcoin: The Struggle of Buying One in Crypto-Moderate BotswanaThe rise of Bitcoin has coincided with improvements in technology allowing anyone to trade online. Meanwhile, in landlocked Botswana, geographical constraints have done little to prevent BTC from being traded locally, even in the absence of an established locally-operated cryptocurrency exchange. News.Bitcoin.com spoke to a number of bitcoiners in the southern African nation to determine […]

The post The Struggle to Buy Bitcoin in Crypto-Starved Botswana appeared first on Bitcoin News.

The Struggle to Buy Bitcoin in Crypto-Starved Botswana

Bitcoin: The Struggle of Buying One in Crypto-Moderate BotswanaThe rise of Bitcoin has coincided with improvements in technology allowing anyone to trade online. Meanwhile, in landlocked Botswana, geographical constraints have done little to prevent BTC from being traded locally, even in the absence of an established locally-operated cryptocurrency exchange. News.Bitcoin.com spoke to a number of bitcoiners in the southern African nation to determine […]

The post The Struggle to Buy Bitcoin in Crypto-Starved Botswana appeared first on Bitcoin News.

Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Why Africa Continues to Lag Behind in Cryptocurrency AdoptionAfrica continues to dominate Google Trends search interest for “bitcoin,” but that has not translated into widespread adoption of cryptocurrency by users and businesses. Apart from opaque regulation and a lack of awareness, one of the major reasons for this failure has been the expansive use of mobile money on the continent. Also read: Report: […]

The post Why Africa Continues to Lag Behind in Cryptocurrency Adoption appeared first on Bitcoin News.

Why Africa Continues to Lag Behind in Cryptocurrency Adoption

Why Africa Continues to Lag Behind in Cryptocurrency AdoptionAfrica continues to dominate Google Trends search interest for “bitcoin,” but that has not translated into widespread adoption of cryptocurrency by users and businesses. Apart from opaque regulation and a lack of awareness, one of the major reasons for this failure has been the expansive use of mobile money on the continent. Also read: Report: […]

The post Why Africa Continues to Lag Behind in Cryptocurrency Adoption appeared first on Bitcoin News.

Startup Company Sets up Bitcoin ATM in Botswana

Company Sets up Bitcoin ATM in BotswanaExpress Minds Ltd has set up a bitcoin automated teller machine (BATM) in Gaborone, Botswana, increasing the number of the machines on the continent to 10. The fiat-to-crypto machine allows users to purchase bitcoin by scanning a QR code for their wallet address, feed money into the machine and get the crypto equivalent automatically assigned […]

The post Startup Company Sets up Bitcoin ATM in Botswana appeared first on Bitcoin News.

One Man’s Quest to Make Buenos Aires a Bitcoin City

A 19-year-old information engineering student in Buenos Aires, Argentina, has started a grassroots campaign to educate local businesses about accepting bitcoin as a payment method. First introduced to the cryptocurrency when he was 13, Leo is intent on seeing the vision of bitcoin becoming a mainstream transactional currency realized, and believes that homegrown actions as […]

The post One Man’s Quest to Make Buenos Aires a Bitcoin City appeared first on Bitcoin News.

Bitcoin Cash Merchant Acceptance Is Thriving in These 3 Regions

Bitcoin Cash Merchant Acceptance Is Thriving Within These Three RegionsBitcoin Cash supporters are all about spreading adoption, and many enthusiasts are relentlessly trying to get people to try BCH and merchants to accept the cryptocurrency for payments. Right now, there are three regions in the world with a significant number of BCH merchants: Slovenia, North Queensland, and Japan, areas which continue to add a […]

The post Bitcoin Cash Merchant Acceptance Is Thriving in These 3 Regions appeared first on Bitcoin News.

High Cost Slows Down Bitcoin ATM Growth in Africa

High Cost, Lack of Human Feel Slows Down Bitcoin ATM Growth in AfricaThere are more than 4,000 bitcoin automated teller machines (ATMs) in the world, but only just about 10 (or 0.2 percent) of these are in Africa. In a continent widely touted as the next big growth region for cryptocurrency, could it be that the story of Africa’s growth isn’t as real as many “Africa rising” […]

The post High Cost Slows Down Bitcoin ATM Growth in Africa appeared first on Bitcoin News.