Category: Cryptocurrency
Nigeria Unveils a Chinese-Style Digital Currency Platform
Nigeria's President, Muhammadu Buhari, unveiled the country's new digital currency platform, eNaira, on Monday. It is Africa's first virtual currency. The new service will allow Nigerians to make contactless payments, move money between accounts and manage their accounts virtually. Unlike other ...
Don’t Worry America, Africans Aren’t Going to Start Using China’s New Digital Currency… At Least Not Right Away
There's growing unease in Washington that last month's launch of a new Chinese digital yuan threatens the dollar's preeminence as the world's reserve currency. Questions about the new cryptocurrency have come up repeatedly in recent weeks during Congressional testimony, particularly regarding places like Africa, where U.S. anxieties ...
China’s Cryptocurrency Now Has a Foothold in Places Like Africa With the Introduction of Huawei’s Latest Phone
Huawei unveiled its new Mate 40 smartphone on Friday that for the first time comes preinstalled with a built-in e-wallet that uses China's digital yuan or cryptocurrency. Although the Mate 40 will go on sale in most of Africa's ...
China is Rapidly Building a New Cryptocurrency That Everyone in Africa Should Know About
Spurred on by the now flailing Facebook cryptocurrency Libra, China fast-tracked development of its own form of digital money that it initially thought would compete with the social network's but now may have vast portions of the global market to itself, particularly in Africa. ...