Africa and Bitcoin
- Apr 20, 2023
- 1 min read
Bitcoin is poised to blow up Africa’s $86 billion banking system
The Lightning Network slashes the cost of bitcoin transactions to virtually zero and enables nearly instantaneous cash payments around the planet.
This so-called “layer two” technology is built on top of bitcoin’s main chain.
CNBC spoke to entrepreneurs in Nigeria and South Africa who have integrated the Lightning Network into mobile money.
Jack Dorsey’s Block in Partnership With African Crypto Exchange Yellow Card
Block, the US fintech company behind Cash App and Square, announced a partnership with YellowCard, one of Africa’s largest crypto exchanges.
This collaboration aims to facilitate cross-border payments between 16 countries in Africa, including Nigeria, Ghana, and South Africa.
Plus, market updates on Bitcoin, Stocks, and the U.S. Dollar
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