Category: Analysis

cartel

The Remittance Overhaul – A Quest to stop the Remittance Cartel’s ongoing rip-off No Comments

One of the industries that bitcoin is set to disrupt and possibly wipe out is the global remittance and International Money Transfer (IMT) industry. Bitcoin allows users to send cash cheaply and securely via simple technological tools such as text messages and email. The remittance sector is one of the most profitable sectors when it comes to the financial services industry. It is dominated by...


bankvsbit

How the Banking world Confused ‘Access’ to Mean Something Else No Comments

Anytime there are discussions on what Africa needs to do in order to develop the continents financial and banking systems, there is a lot of chatter about making banking service accessible by opening more bank branches across the continent. The believe is that, by having more bank branches a lot more Africans will partake in the banking process. It is therefore not uncommon to see banks pri...


balance

Trade imbalances: bitcoin and non traditional African exports No Comments

A lot of African countries have a very unbalanced debt portfolio especially when it comes to the area of balance of trade reports. Most African countries report balance of trade deficits in their annual budgetary and economic reviews. In third quarter of the year 2012, Ghana recorded a very high trade deficit to the tune of US $2.3 billion a rise exceeding 798 percent of the US $288 million re...


specialbit

What makes bitcoin special? No Comments

Out of all the crypto currencies that can be found online, bitcoin is the currency that has stood the test of time and has proven to be the most effective. It is therefore of little surprise that its popularity continues to grow in leaps and bounds. A simple online search can show you varied types of digital currencies on the alternative coin market, example of such currencies include beenz, flooz...


5kenya

Five thorny issues Bitcoin will address No Comments

During independence, the founding president of Kenya said that there are three things to be fought: Ignorance, diseases and poverty. However, with time, there are numerous problems that have bedeviled the country. Successive governments have paid lip service when it comes to addressing these problems. This has made them spiral into a mesh that requires something out of the box to tackle. Bitcoin m...


iceaddisnew

A game changing Tech hub in Ethiopia No Comments

Among the 96 million Just over 25 million people have mobile phones while only 2% of Ethiopians have access to the internet, according to 2014 statistics. This is partly due to the country’s vast geography, limited infrastructure and lack of electricity in remote areas. Mobile money, which has been a success in neighboring countries, like Kenya and Somalia is just starting in Ethiopia with many ...


relevant

Why one of the best bitcoin startups is running into trouble and what Kenyan bitcoin startups can learn from it No Comments

BitPay, One of the best funded bitcoin startups based in Atlanta is running into trouble as it has scaled down its operation a big deal. According to the latest updates which have been gathered by coin desk, the company has cut down on about twenty positions and this coincidentally happened a day after the offer for free and unlimited for new merchants ended. People even rumored maybe it experi...


africhinabit

Bitcoin’s Quest to Remove Unnecessary FOREX Controls No Comments

One of West Africa's biggest trading partners is China, a country known for its notoriously cheap and substandard products. Not only do they supply a bulk of the region's import needs, but they have ventured into providing services such as mining and construction for the people of West Africa. According to Ghana’s ministry of trade, China supplied 18.3 per cent of Ghana’s imports worth over $2...


crimebitafri

WHY THE BLOCKCHAIN TECHNOLOGY IS BEST IN COMBATING INTERNET CRIME IN AFRICA No Comments

Internet crime has become one of the most threatening forms of atrocities globally. Africa has been largely affected as the rate of this organized crimes increases by the day. Consequently, the economy of the continent at large has been greatly crippled. With this in play, the levels of poverty continue to optimize and the hope of a better and developed Africa is barely visible. Much as the glo...


bitunit

WILL GHANA BE THE CATALYST FOR BITCOIN REVOLUTION IN AFRICA? No Comments

Bitcoin is flying everywhere in Europe and America but not so in Africa. Fortunately, it is gathering momentum here in Ghana, and Ghanaians are likely to be the number one “Bitcoin-Nation” in Africa because there are brilliant advocates, though they are few, who are trying their best to ensure that Bitcoin becomes a reliable medium of exchange as far as market is concerned. The cheetahs of Gha...


SUBSCRIBE TO OUR NEWSLETTER