How bitcoin is moving money in Africa - USATODAY.com

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Nigeria has already has its blockchain and bitcoin success stories too, including freight logistics startup Kobo360, which raised $20 million from Goldman Sachs and non-cash remittance platform SureRemit. Notably, however, SureRemit is incorporated in Mauritius. Running a tech business in Nigeria is challenging. “Zolango is the next phase in the crypto revolution. I call it the Spend and Earn Phase. We picture a Crypto Economy, where people both earn and spend in Bitcoin, and our marketplace is helping that system get traction,” said MVK, who goes by his initials both to reinforce the importance of privacy as well as creativity. Nigeria has already has its blockchain and bitcoin success stories too, including freight logistics startup Kobo360, which raised $20 million from Goldman Sachs and non-cash remittance platform SureRemit. Notably, however, SureRemit is incorporated in Mauritius. Running a tech business in Nigeria is challenging. In Nigeria, they call them ‘Esusu’, Kenya has ‘Chama’, while South Africa has ‘Stokvel’. But restrictive crypto laws in African countries can make trading on exchanges difficult. Youssef told Decrypt that Nigeria, Africa’s largest economy, has restrictions in sending money outside the country, and that the lack of bitcoin liquidity was the first obstacle it had to solve to ... “Africa will define the future (especially the Bitcoin one)”, tweeted Jack Dorsey, CEO of Twitter and payment provider Square, earlier this week. Dorsey’s tweet follows his tour of Africa—and it’s clear he liked what he saw. Dorsey, who’s previously come out in favor of Bitcoin, sees the continent as being...

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Buy Bitcoin in South Africa The 10 Best exchanges

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