Africa

The South African Reserve Bank announced on February 13 that it is working with the Brooklyn-based Ethereum startup ConsenSys on a trial program using JP Morgan’s open source blockchain platform Quorum. It will help to deal with interbank clearing and settlement.

Despite the debates around Bitcoin on whether it may be considered money, there are more and more payment options appearing for it in the market.

Cryptocurrencies are a better way to spend and to use than true currencies. They are cheaper, faster and more reliable. Now, Avesta aims to connect the main world and the cryptocurrency world together.

There was a time when the diamond industry was controlled by one name; DeBeers. Back when diamonds were first discovered in Africa in the late 1800’s, Cecil Rhodes made it his mission to purchase as many diamond claims as possible, which also included a farm owned by the DeBeers family. He eventually became known as the diamond supplier for the world and created De Beers Consolidated Mines Limited.

The World Bank are estimating that money flows from migrant workers to developing countries were worth US$ 440 billion last year, more than double foreign aid.

In 2009 bitcoin hit the electronic currency world by surprise and later captured the attention of the masses and information technology companies. Coinidol.com investigates why most people are still too scared to use bitcoin as their main currency for day-to-day business.

This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel

This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel

Bitpesa is a bitcoin exchange and Blockchain technology firm based in Nairobi, Kenya, that has recently optimized its platform to focus mainly on the massive trade between East Africa, Nigeria and China.