Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
This week was so eventful. There was a lot to unpack, but just to give you a few touchpoints, Nigeria and Binance are in talks to create a crypto friendly zone in the country. The Nigeria Export Processing Zones Authority ( NEPZA) is also in talks with Talent City as they look to mirror the Dubai Virtual Free Zone.
Nestcoin raised and successfully completed a pre-seed round for Metaverse Magna. With a focus on emerging markets, the company raised $3.2 million to power Africa’s largest gaming DAO. This will be taking the world of GameFi up a notch, and we can’t wait to see how all this unfolds.
Binance continues to spread its tentacles all around Africa as their charity organization, Binance Charity is in collaboration with Women in Tech to train Moroccan women on blockchain. The exchange also launched a zero-fee South African Rand deposit, a policy that took effect on September 7th.
A recent survey of the Ghana cryptocurrency community has shown that adoption is on a steady rise. With 20% of Ghanaian internet users currently owning cryptocurrency, we can see that the country is gaining ground in the crypto space. In more news as regards Ghana, their Mybitstore app becomes the Paxful and Coinbase of Africa with over 250 payment methods.
It is amazing to see how the word about crypto is moving and a thought on where we will be in a couple of years is even more pleasing. 62% of Moroccans have never heard of Bitcoin, with the majority of people informed being youths. Although there was a crypto ban in the country, they are slowly but surely getting more acquainted with blockchain technology.
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Sats & Gwei is a BanklessAfrica podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.
None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research.