Nigeria is Following Venezuela’s Bitcoin Trend

by Iyke Aru The ability of Bitcoin to resist inflation, its characteristic independence towards government legislation among several other qualities, makes it an automatic safe haven for embattled economies. On Monday, Feb. 6, 2017, youths across different cities of Nigeria took to the streets to protest against the leadership of the nation. One of the major …

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Insights into the benefits of mobile money in Kenya

Sarah Logan, International Growth Centre A recently published study on the long-run effects of mobile money on economic outcomes in Kenya provides some valuable insights that will benefit economic development and financial inclusion policies across Africa. The study found that increased access to mobile money has reduced poverty in Kenya, particularly among female-headed households. Rapid …

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Mobile Money Has Lifted 194,000 Kenyan Households Out of Poverty

by Scott Burns In an earlier post, I showed how over the past few years M-PESA and other kinds of “mobile money” have made sending money across the world as easy as sending a text message, while also facilitating commerce and financial inclusion in developing nations around the world. It’s only recently, though, that experts …

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South Africa Loves Bitcoin

by Hank Rearden Werner van Rooyen, head of Business Development and Growth at Bitx, the biggest Bitcoin exchange in South Africa in terms of user base and average trading volume, speaks with Cointelegraph about the penetration of Bitcoin in South Africa. Cointelegraph: How would you evaluate Bitcoin demand in South Africa? Werner van Rooyen: The demand …

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How currency markets work and why the South African rand is falling

Fatima Bhoola, University of the Witwatersrand Given that South Africa operates within a flexible exchange rate regime, the value of the rand, like any commodity, is determined by the market forces of supply and demand. The demand for a currency relative to the supply will determine its value in relation to another currency. Theoretically, the …

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