Luno Hits 9M Prospects, Jelurida Launches Blockchain Schooling Tour

On this weekly roundup, you can find out why Africans spend money on crypto because of a Luno survey. Additionally, you’ll examine different prime crypto tales. to Host First Twitter House on the Fundamentals of Bitcoin

At this time at 1pm WAT / 3pm EAT, Bitcoin Africa’s new Chief Group Officer, Roselyne Wanjiru, will host our first-ever Twitter House to cowl the fundamentals of Bitcoin. Tune in and study!


48% of Africans Put money into Crypto to Fund Their Youngsters’s Schooling

Luno carried out a survey that exposed 48 per cent of Africans spend money on crypto to fund their youngsters’s training. The crypto change interviewed nearly 7,000 individuals from Kenya, Nigeria, South Africa, Indonesia, the UK, Australia, and Malaysia.

Survey outcomes from the three African nations point out that 69 per cent of traders cope with digital belongings to provide their households a greater life. Moreover, 48 per cent of the respondents would put aside their salaries in crypto to pay college charges. However, 43 per cent would create a fund to go on to their households. Three per cent of these interviewed mentioned they don’t have a plan for his or her crypto investments.

“In current weeks, there was quite a lot of consideration on the dimensions of Africa’s crypto revolution. While its potential is vastly thrilling, it’s important we guarantee shoppers are participating with this transition in a protected and accountable method,” acknowledged Marius Reitz, Luno’s Normal Supervisor for Africa.

Apparently, the survey disclosed that 55 per cent of Nigerians don’t perceive cryptocurrencies. In Kenya and South Africa, this proportion is 56 and 64, respectively.

CBN Postpones eNaira Launch

GodwinPaya, CC BY-SA 4.0, through Wikimedia Commons

The Central Financial institution of Nigeria (CBN) has postponed the launch of the eNaira. The financial institution had scheduled the rollout for October 1 however postponed it because of surprising excessive web site site visitors. In keeping with an article on Nairametrics, the eNaira web site obtained 480,000 hits on the primary day. The following day, the quantity rose to greater than 1.7 million guests and has been averaging 2.8 million hits ever since. Due to this fact, Apex Financial institution, CBN’s companion, is operating a stress take a look at to make sure that the system can deal with quite a lot of site visitors when the CBDC goes reside.

On September 30, CBN’s Director of Communication Osita Nwanisobi mentioned the financial institution determined to postpone the launch “in deference to the temper of nationwide rededication to the collective dream of One Nigeria.” The launch was going to coincide with Independence Day.

If Nigeria sees its CBDC plans by way of, it is going to be the primary African nation to cross this milestone.

College of Cape City to Provide Blockchain Course

The College of Cape City will begin providing a six-week blockchain and digital foreign money course on November 1. College students that wish to take this course can begin enrolling from October 26.

The college’s web site states that the course will likely be taken on-line, and college students pays Rs 49,104. They will even obtain a certificates upon profitable completion of the course. The college is focusing on professionals working within the monetary sector and other people interested by cryptocurrencies.

A few of the subjects the course will cowl embody Central Financial institution Digital Currencies (CBDCs), crypto belongings, and blockchain expertise.

Crypto Platform Ejara Raises $2 Million

Crypto platform Ejara has raised $2 million in a funding spherical. The platform helps customers to spend money on crypto and different funding merchandise. As reported in an article on TechCrunch, Anthemis Group and CoinShares Ventures led the funding spherical. The opposite members had been Mercy Corps Ventures, NetX Fund, Lateral Capital, LoftyInc Capital, and angel traders Pascal Gauthier of Ledger and Jason Yanowitz of Blockworks.

“The built-in transparency and safety of the blockchain mixed with the recognition of cell banking in Africa made it clear to me {that a} blockchain-based cell funding platform was the important thing to increasing monetary inclusion. However as all these crypto corporations had been popping up left and proper, I felt only a few had been chatting with Francophone Africans like myself,” mentioned Nelly Chatue-Diop, the CEO of Ejara.

Ejara, which relies in Cameroon, is focusing on the Francophone market in Africa. The corporate is offering a spot the place French-speaking Africans should buy, promote, change, and retailer their crypto in non-custodial wallets. In collaboration with MoonPay, Ejara additionally helps French-speaking Africans overseas to ship cash residence.

Bitmama Acquires $350,000 in Pre-Seed Funding

Bitmama, a cryptocurrency change in Nigeria, has raised $350,000 in a pre-seed spherical. Flori Ventures led the funding spherical with participation from a number of enterprise capitalists and angel traders.

“We’re significantly interested by initiatives that discover common primary revenue, neighborhood commerce, neighborhood currencies, natural-capital-backed currencies, accessible DeFi primitives, earnings platforms, and peer-to-peer marketplaces,” mentioned Maria Alegre, the Co-Founding father of Flori Ventures.

Bitmama’s customers are in Nigeria and Ghana. In 2021, the platform recorded greater than $6 million in transaction volumes.

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