Terry Kunle, Author at Cryptotimes Africa

The Web3 economy in Africa initially began with the adoption of cryptocurrency and the use of blockchain technology to improve financial transparency and control. With the rise of decentralized finance (DeFi), the Web3 economy in Africa is gaining more traction, especially through…

News

Lazerpay, a cryptocurrency startup based in Nigeria, has ceased its operations

by Terry Kunle April 14, 2023

Lazerpay, a web3 and crypto payment company, is shutting down. The shutdown comes months after the startup’s founder, Njoku Emmanuel, shared that the company was having trouble raising money. According to a statement shared by the founder Njoku Emmanuel on Twitter, the…

News

Binance and Showmax collaborate to enhance cryptocurrency adoption in Africa

by Terry Kunle April 10, 2023

Binance, a leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced its collaboration with Showmax, Africa’s video streaming service to further promote crypto adoption in the continent. They are offering the first 500 new enrollees a one-month subscription on the SVOD platform…

News

Paxful Personally Returns Celsius Funds for Paxful Earn Customers

by Terry Kunle April 1, 2023

The Peer-to-Peer Platform Gives Nearly Nine Bitcoin to Impacted Users Paxful, the global peer-to-peer Bitcoin platform, announced today it is giving nearly nine Bitcoin to its Paxful Earn users impacted by the Celsius collapse. The funds will be sent to Paxful Wallets…

News

Hyperspace Technologies Unveils Keymaster VAULT for African Market

by Terry Kunle April 1, 2023

Hyperspace Technologiesa Lagos-based Web3 startup specialising in next-level smart security infrastructure and key management systems, has announced the launch of its product, the Keymaster VAULT. Designed to cater to the African market, Keymaster VAULT is a secure, NFC-based hardware wallet that stores private…

News

Bank Of Ghana Delays Launch Of E-Cedi Project Due To Economic Challenges

by Terry Kunle April 1, 2023

The Bank of Ghana (BOG) has stated the launch of the E-Cedi project has been delayed due to the economic challenges faced in 2022. The BoG Governor Dr. Ernest Addison stated that although significant progress has been made in the development of…

Industry

How Mobile Wallet, Crypto, and CBDCs Challenge Cash Dominance in Nigeria and Beyond

by Terry Kunle April 1, 2023

A recent report by Cellulant on the payment system in Africa has identified three major trends that are challenging the dominance of cash in business transactions. These trends include the adoption of cryptocurrencies, the introduction of central bank digital currencies (CBDCs), and…

News

Ophi Named Chief Judge of Africa Crypto Giants Awards

by Terry Kunle April 1, 2023

Mr. Alvin Rume Ophi, a well-known crypto preacher and Nigerian tech/crypto entrepreneur, has been named the Chief Judge of the Africa Crypto Giants Awards (ACGAwards) 2023, according to a statement by the event organizers. The annual ACGAwards is dedicated to acknowledging and…

News

South Africa Enters Into Second Phase of It’s Central Bank Digital Currency Project

by Terry Kunle March 31, 2023

South Africa’s apex regulating bank, the Reserve Bank Of South Africa (SARB) announced that it will examine how to utilize properly the benefits inherent CBDC and stablecoins usage among institutions in the next phase of its digital blockchain technology project termed, Project…

News

MetaMask Brings Direct Crypto Purchases To Nigeria

by Terry Kunle March 31, 2023

In the last ten years, there has been a remarkable increase in the acceptance of cryptocurrencies worldwide. A growing number of individuals and institutions are embracing the use of cryptocurrencies. This adoption trend has been fueled by the implementation of more streamlined…