{"id":5534,"date":"2017-10-25T13:13:56","date_gmt":"2017-10-25T11:13:56","guid":{"rendered":"https:\/\/insights.invyo.io\/africa\/?p=5534"},"modified":"2017-10-25T13:13:56","modified_gmt":"2017-10-25T11:13:56","slug":"could-crypto-technologies-unlock-the-huge-potential-of-africa","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/africa\/fintech-education\/could-crypto-technologies-unlock-the-huge-potential-of-africa\/","title":{"rendered":"Could crypto-technologies unlock the huge potential of Africa?"},"content":{"rendered":"

In this documentary, you will better understand how crypto-technologies could have a huge impact on Africa.<\/strong><\/p>\n

Crypto-technologies are set to become the missing link that Africa needs to let the world transact with the continent. The full documentary is focusing on the case of Mergrims<\/a>,\u00a0<\/strong>a Rwanda-based Fintech that has developed a prepayment platform of products and services of first necessity.<\/p>\n

https:\/\/www.youtube.com\/watch?v=OxdOHpV4Ky4<\/p>\n

Cryptocurrencies in Africa: Key Figures<\/h3>\n

The current number of unique active users of crypocurrency wallets<\/strong>\u00a0worldwide is estimated to be between 2.9 million and 5.8 million<\/strong><\/a>.<\/p>\n

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Over the past 12 months<\/strong>, the African market<\/strong> has seen the emergence of more than 10 Bitcoin exchanges<\/strong><\/a> seeking to provide cheap and efficient trading services to African<\/strong> consumers.<\/p>\n

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To date, there are more than 1000 merchants<\/strong><\/a> accepting Bitcoin in South Africa<\/strong>.<\/p>\n

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The Central Bank of Nigeria<\/strong>, which oversees an inflation rate of 14%<\/strong><\/a>, making it the 6th-highest inflation rate<\/strong> in the world, recently announced that they cannot stop Bitcoin<\/strong>.<\/p>\n

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In this documentary, you will better understand how crypto-technologies could have a huge impact on Africa. Crypto-technologies are set to become the missing link that Africa needs to let the world transact with the continent. The full documentary is focusing on the case of Mergrims,\u00a0a Rwanda-based Fintech that has developed a prepayment platform of products […]<\/p>\n","protected":false},"author":3,"featured_media":5561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13,160,68,162],"tags":[235,328,321,412,463,457,324,455,459,271,461,295,401,239,456,278,462,270,458,460],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n\t\n\t\n