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 … Continue reading The Remittance Overhaul – A Quest to stop the Remittance Cartel’s ongoing rip-off
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 … Continue reading How the Banking world Confused ‘Access’ to Mean Something Else
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 … Continue reading Trade imbalances: bitcoin and non traditional African exports
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 … Continue reading What makes bitcoin special?
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 … Continue reading Five thorny issues Bitcoin will address
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 … Continue reading A game changing Tech hub in Ethiopia
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 … Continue reading Why one of the best bitcoin startups is running into trouble and what Kenyan bitcoin startups can learn from it
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, … Continue reading Bitcoin’s Quest to Remove Unnecessary FOREX Controls
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 … Continue reading WHY THE BLOCKCHAIN TECHNOLOGY IS BEST IN COMBATING INTERNET CRIME IN AFRICA
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 … Continue reading WILL GHANA BE THE CATALYST FOR BITCOIN REVOLUTION IN AFRICA?