Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Quick RecapContour blockchain X Absa facilitates letter credit solutions!⚖️The Pan African Bank Absa is set to join Contour blockchain network to enable a digitized end-to-end letter of credit solution across Africa. The financial services giant Absa is finalizing plans to join Contour, which is a worldwide network of financial institutions, businesses, and trading partners dig...
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Quick Recap
Contour blockchain X Absa facilitates letter credit solutions!⚖️
The Pan African Bank Absa is set to join Contour blockchain network to enable a digitized end-to-end letter of credit solution across Africa. The financial services giant Absa is finalizing plans to join Contour, which is a worldwide network of financial institutions, businesses, and trading partners digitizes letters of credit and other trade financing documents.
Instant local bank transfers enabled in MM📏
Nigerians can now use instant local bank transfers on meta mask with more African countries coming soon. Meta Mask has announced an upcoming feature that will allow Africans, specifically Nigerians to start to carry out instant local bank transfers. This move will also make crypto buying easier by allowing users to purchase directly from within the meta mask environment.
Bitcoin & Stables to facilitate Crypto mass adoption - Experts🦥
Experts say Bitcoin and stable coins will bring crypto mass adoption to Africa. Blockchain experts are bullish on the fact that Bitcoin and stablecoins will continue to be the key drivers for mass crypto adoption in Africa. african countries have made several rounds of headlines in the blockchain ecosystem with a very significant one being the recognition of bitcoin as legal tender in the central african republic
EchoVC launches Blockchain fund!
Africa-focused venture capital firm called EchoVC launches a blockchain fund. EchoVC has launched a fund to support blockchain startups across the African continent. The $8 million fund launched by EchoVC will be made accessible to blockchain startups in Africa that are attempting to solve the continent's most pressing problems using blockchain technology.
Relevant links
https://bitcoinke.io/2023/03/absa-joins-contour-blockchain/
https://bitcoinke.io/2023/03/introducing-instant-bank-transfers-on-metamask-in-nigeria/
https://www.coindesk.com/business/2023/03/20/bitcoin-and-stablecoins-will-bring-crypto-mass-adoption-to-africa-experts-say/
https://news.bitcoin.com/africa-focused-venture-capital-firm-echovc-launches-blockchain-fund/
https://news.bitcoin.com/africa-focused-fintech-chipper-cash-weighs-possible-sale-of-business/
https://news.bitcoin.com/court-dismisses-former-monero-developers-bid-to-have-his-extradition-to-south-africa-declared-illegal/
https://www.aljazeera.com/news/2023/3/6/online-scam-swindles-egyptians-of-close-to-half-a-million-dollars
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Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research.
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