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Nigeria
Senate Banking Committee To Hold ‘Crypto Crash’ Hearing; Nigeria’s Bitcoin Premiums
US Senate Banking Committee is holding a Feb. 14 hearing to examine financial system protections from the dangers seen in digital assets. Plus, Nigeria’s bitcoin premiums may not reflect a heightened demand for the token but a continued demand for the U.S. dollar as the country’s local currency suffers.
How Machankura Allows Bitcoin Transactions Without an Internet Connection
Bitcoiners in African countries, including Nigeria, South Africa, Kenya and Ghana, can now send and receive bitcoin (BTC) without a smartphone or Internet connection. Machankura catalyst Kgothatso Ngako discusses how the digital wallet startup is making it happen by tapping into the Bitcoin Lightning network. Plus, insights on bitcoin adoption in Africa.
Gaming Is Best On-Ramp for Africans to Get Into Crypto: Nestcoin CEO
Nestcoin CEO Yele Bademosi joins "First Mover" to discuss Nigeria's interest in cryptocurrency and the current state of user adoption amid the crypto winter. Plus, a closer look at gaming guild Metaverse Magna, which calls itself the largest gaming community in Africa, after it has raised $3.2 million at a $30 million valuation.
Africa Has This ‘Crazy Crypto Obsession,’ Nestcoin CEO Says
Crypto gaming guild Metaverse Magna wants to build Africa’s largest gaming DAO. Nestcoin CEO Yele Bademosi says they’ve reached a total community size of around 100,000, but notes the bulk of those users come from Nigeria and Ghana.
State of Nigeria's Central Bank Digital Currency Pilot
Nigeria’s central bank digital currency (CBDC), the eNaira, is in its second week of operations since it went live Oct. 25. Yele Bademosi, CEO and founding partner of Nigeria-based Nestcoin, discusses the latest on the rollout, use cases of the eNaira, and the wider state of crypto affairs in the country.
Bitt CEO on Developing Nigeria's Central Bank Digital Currency 'eNaira'
Nigeria has become the first African country to roll out a central bank digital currency (CBDC). The Central Bank of Nigeria (CBN) worked with blockchain and payments startup Bitt Inc. to launch the eNaira. Bitt CEO Brian Popelka shares insights into the partnership and eNaira's use cases. Plus, implications for privacy and financial inclusion.
Nigeria’s Central Bank Digital Currency eNaira Goes Live
The official unveiling of the eNaira, Nigeria’s central bank digital currency (CBDC), happened Monday. It is designed to complement the country's physical currency, not replace it, according to an official announcement. This comes as Nigeria banned crypto transactions within its banking sector in February. "The Hash" panel discusses the latest digital payments momentum from Nigeria signaling further control of the money supply, and the wider outlook for CBDCs at large.
Nigeria Central Bank Launches CBDC ‘eNaira’
Nigeria’s central bank digital currency (CBDC), the eNaira, is live following an announcement by President Muhammadu Buhari Monday. Olumide Adesina, CoinDesk contributor and Nigeria-based certified investment trader, discusses the potential impact of the launch for financial inclusion, privacy, and decentralized crypto.
