Africa

South African Payment Gateway Drops BTC Over Fees and Network Congestion

South African Payment Gateway Drops BTC Over Fees and Network CongestionOn July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.” Also read: G20 Leaders Issue Declaration on Crypto Assets – […]

The post South African Payment Gateway Drops BTC Over Fees and Network Congestion appeared first on Bitcoin News.

Mob Burns Down Purported Crypto Ponzi Schemer’s House in South Africa

A mob has burned down the house of a manager at alleged Ponzi Scheme Bitcoin Wallets

BTC Peer-to-Peer Trading Rises Amid Ban on USD in Zimbabwe: Report

Bitcoin peer-to-peer trading in Zimbabwe surges amid the ban on foreign currencies and central bank’s ban of crypto transactions

Protestors Set Alleged Bitcoin Ponzi Scheme Perpetrator’s Home on Fire

Before shutting down, Bitcoin Wallets' "manager" promised 100-percent returns on investors' money in just two weeks. Then they burned down his house.

Wala Was Africa’s Perfect Crypto Success Story – Until It Collapsed

Wala went from serving customers in Uganda to shuttering its payments app. Here's what sources say happened.

Dubai Chamber of Commerce Signs MoU on Blockchain Trade Solutions

Dubai Chamber of Commerce promotes blockchain trade solutions by Perlin and the ICC, the world’s largest business trade organization

Central Bank of Uganda Warns Decentralized Cryptocurrencies Are Risky

The deputy governor of the Bank of Uganda has warned the public about the limited protections offered them when they invest in unregulated cryptocurrencies

President of Uganda to Lead Blockchain Conference in Kampala in July

President Yoweri Museveni of Uganda will be leading a conference in June on blockchain technologies and the “fourth industrial revolution”

Riddell Travel Will Help You Arrange Your African Tour With BCH

Riddell Travel Will Help You Arrange Your African Tour With BCHTraveling is getting easier with the wider spread of cryptocurrencies. They can often prove more convenient than fiat money in cross-border payments, transfers and transactions. If you plan to visit the African continent, you can now use the services of a travel agency called Riddell Travel that’s willing to accept bitcoin cash for its services. […]

The post Riddell Travel Will Help You Arrange Your African Tour With BCH appeared first on Bitcoin News.

Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

Pan-African insurance firm Old Mutual will not provide coverage for crypto mining equipment due to the unregulated nature of the industry

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