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Central African Republic launches Sango Coin

The Central African Republic’s (CAR) adoption of digital assets and blockchain technology continues to gain new grounds as it introduces the national digital currency called “Sango Coin” which will complement its digital currency hub project—Project Sango. “Sango Coin will be the currency for the next generation,” President Faustin-Archange Touadera said in a statement made at…

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Hedera joins Africa Money and Defi Summit, Ghana 2022
Hedera is a fully open source, proof-of-stake, public network and governing body for building and deploying decentralized applications. It offers developers three primary services: Solidity-based smart contracts, consensus, and token services. Hedera is unique in that it is incredibly fast, energy-efficient (carbon negative), and secure — these advantages can be attributed to its underlying hashgraph consensus algorithm (set to be open sourced in 2022). Click here... Read Article →
How can DeFi power the African financial system?
How can DeFi power the African financial system?

The African financial system is broken and requires innovation to fix it. Despite attempts by new financial technology firms to fill the gaps that exist, the foundation of the entire ecosystem, which is traditional finance backed by government-issued currencies and institutions, has left some gaps still wide open. The creation of blockchain technology and the…

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Visa Pledges to Invest $1 billion in Africa to Accelerate Digital Transformation

During the U.S-Africa Business Forum, Visa announced a pledge to invest $1 billion in Africa over the next five years to advance resilient, innovative, and inclusive economies across the continent. Visa’s expanded investments demonstrate the company’s long-term commitment to Africa’s growth potential and will help enable greater access to digital payments as an entry point…

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Bitpowr at the Africa Money and DeFi Summit

Click here to read the original Article by Bitpowr. The Bitpowr team was at the Africa Money and DeFi Summit in Ghana last week, from the 27th-28th of September, 2022. About the Summit The aim of the summit was to connect Africa fintech leaders, global venture  platforms and thought leaders across Africa and beyond to…

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Deimos: Authentication and Authorization in a Distributed System

Originally published here When designing and building systems that follow a service-orientated paradigm, we find that the complexity of securing the overall system and choosing a pattern for authentication can be challenging. Building a centralized monolithic system would mean that your authentication and authorization are also central, that there is one authority determining which end-users…

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Mobile remittances to lead digital revolution in marginal rural areas in five African countries
To harness the development benefits of using mobile channels to send and receive remittances, the UN’s International Fund for Agricultural Development (IFAD) announced its first grant to a digital payments company, MFS Africa, to promote the use of mobile remittances in marginal rural areas in five African countries; Ghana, Kenya, Senegal, The Gambia and Uganda.... Read Article →
Hedera Named to Constellation ShortList™ for Blockchain Services

The Hedera network, the most used, sustainable, enterprise-grade public ledger for the decentralized economy, has been named to the Constellation ShortList™ for Blockchain Services in Q3 2022. The technology vendors and service providers included in this program deliver critical transformation initiative requirements for early adopters and fast-follower organizations. Hedera offers a range of different DLT services that…

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Jelurida joins Africa Money and Defi Summit, Ghana 2022
Jelurida is a Swiss blockchain software development company. They initially incorporated Jelurida in the Netherlands in 2016 with the objective to further develop and maintain the Nxt and Ardor blockchain platforms, to ensure the sustainability and longevity of both projects, and explore commercial opportunities based on providing public, private, and hybrid blockchain solutions. Their goal... Read Article →
What Does Ethereum’s Transition to PoS Mean for Polygon

Originally published by Polygon With Ethereum’s switch to proof of stake (PoS) slated for mid-September, Polygon thought it would be appropriate to take a moment and look around, to admire how far Web3 has come. Now is a time to celebrate the builders and dreamers who’ve worked relentlessly on the margins to summon a more…

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