Nigeria

Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria

A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project. Also read: Skrill Now...
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2019 Google and Yahoo Searches for Bitcoin Decline Significantly

2019 was an interesting year for cryptocurrencies. Some would say it wasn’t as bad as the crypto winter in 2018 and others would note it wasn’t as great as bull run 2017. One thing’s for sure, ever since the all-time price highs, interest in cryptocurrencies has been waning. According to data from Google Trends and...
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Africa’s First Stablecoin is Built on Binance Chain

Africa’s first stablecoin, the Africa Stable-Coin(ABCD) is backed by Nigeria’s national currency, the Naira. Also, the fiat-backed crypto is built on Binance’s native blockchain, the Binance Chain.  The crypto momentum in Africa doesn’t seem to die down. Budding startups are leveraging blockchain and decentralized ledger technology to create novel applications that will change the future...
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Bitcoin Usage in Nigeria Surging Despite Govt. Caveats

The Central Bank of Nigeria (CBN) has warned that bitcoin and digital currencies are not legal tenders but Nigerians don’t seem to care.  Bitcoin Adoption Rising Despite Apex Bank, Senate Warnings In its December 2019 edition of ‘The Nigerian Banker’, the Chartered Institute of Bankers of Nigeria (CIBN) highlighted how bitcoin is booming in Nigeria,...
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A Nigerian Agro Investment Startup Won Maiden Edition of XKathon

Nigeria is welcoming new Agrotech Investment startups like Farmcrowdy, Thrive Agric. The latest in the list is ReQuid. The Nigerian fintech startup launched this October 2019 has already gained popularity in the Investment sector. This startup allows you to invest in the Agriculture sector and Cash Out at any time. ReQuid provides investors access to...
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Why African Countries Lead in Bitcoin Searches and What It Means for Adoption

If you’ve been in the Bitcoin space for long enough, you’ve probably heard that Africa will be the next frontier for adoption.  This assumption may be proving to be a reality after Binance research reported a surge in Google search heat rankings for “Bitcoin” in Nigeria and South Africa. According to Google Trends, Nigeria had...
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Crypto Exchange Binance Adds First Fiat Trading Pair, CEO Hints More Will Follow

Binance has added its first fiat currency trading pair. Nigerian users of the platform will now be able to deposit using their local currency, the naira, at the popular crypto trading venue.Previously, users of the platform have only been able to trade cryptocurrency for other cryptocurrency. However, that looks set to change with today’s announncement...
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Binance Opens Fiat Deposits for Nigerians

As part of its expansion into new territories, cryptocurrency exchange Binance has announced an initiative to capture a section of the African market.  The Malta-based cryptocurrency exchange opened up fiat deposits for Nigerians on October 24, 2019, in conjunction with the Nigerian payment gateway Flutterwave. This means users in Nigeria can now use the country’s...
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Binance Adds Nigerian Naira as First Ever Fiat Trading Pair

Binance listed the first fiat trading pair, and it’s not the US dollar. Starting from today, Nigerian users will be able to buy Bitcoin, Binance Coin (BNB), and Binance’s stablecoin BUSD with Naira. Naira Become First Fiat Currency on Binance Most top exchanges that provide fiat-to-crypto trading services focus on the US dollar, or at...
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Bitcoin Most Popular in Africa Right Now

The Google search trends of “Bitcoin” term have moved from Western countries to Asia and Eastern Europe throughout the years and recently landed in Africa, according to Binance Research. Bitcoin Now Most Popular in Nigeria Earlier today, Binance Research presented a short video demonstrating the changes in heat ranking of Bitcoin term in Google search...
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Bitcoin in Africa: Offering ‘New and Better Ways of Exchanging Value’

With each passing day, more and more Africans are discovering cryptocurrencies. As a result, bitcoin and other cryptocurrencies are finding real use cases in African countries. African countries, such as Nigeria, have been reported to have among the highest search rates for the keyword “Bitcoin.” A significant reason behind this increasing interest in cryptocurrency is...
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$15,000 Bitcoin Ransom Rescues Nigerian Chieftain’s Kidnapped Daughter

The daughter of a Nigerian politician has been released after her father paid the kidnappers a $15,000 bitcoin ransom. On Saturday, Ai’sha Ardo, the daughter of Umar Ardo, a chieftain of the major Nigerian political party the People’s Democratic Party, endured a harrowing kidnapping in the country’s capital city of Abuja. The chieftain was contacted...
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