We Cannot Ignore a CBDC and We’re Already Researching, Says Governor, Bank of Namibia

According to reports, Namibia’s central bank has announced intentions to launch its central bank digital currency (CBDC).

The announcement follows the release of the bank’s FinTech regulatory framework with the bank considering the global rise and increasing adoption of cryptocurrencies.

“We cannot ignore CBDC, it is a reality out there and for that reason the Bank of Namibia has started researching CBDCs and they very soon will go out with consultations.” – Governor, Bank of Namibia

See full story synopsis here:

https://bitcoinke.io/2022/04/we-cannot-ignore-a-cbdc-says-governor-bank-of-namibia/

EXPLAINER GUIDE: How to Add Ethereum, Polygon, Solana NFTs to Your Behance Profile and Projects

At its Annual Max Conference in October 2021, Adobe revealed that creatives could now connect their crypto wallets with Behance, its popular portfolio site for various creatives.

The arrangement lets users add NFTs from the Ethereum, Polygon, and Solana blockchains onto their Behance profile as part of their portfolio.

If you are a creative or curious as to how this works, it is a simple procedure that takes a few steps:

https://bitcoinke.io/2022/04/how-to-add-nfts-to-your-behance-profile/

Crypto entrepreneur Sina Estavi bought Twitter founder Jack Dorsey’s first ever tweet as an NFT for $2.9 million last year.

He listed the NFT for sale again at $48 million last week. The top bid was $280 (or 0.09 ETH).

Here's why:

https://bitcoinke.io/2021/12/nft-report-by-chainalysis/

LEGAL SUNDAY

The following assets are recognized globally as reserve assets by governments:

* Monetary gold
* Reserve positions in the IMF
* Special drawing rights
* Other foreign currency assets
* Foreign currency drains

Where does Bitcoin fit?

https://bitcoinke.io/2022/04/benefits-of-for-bitcoin-as-reserve-asset/

Cash Still Accounts for 80% of Daily Transactions in Kenya, Says Latest 2022 FSD Report

While mobile money use has continued to climb in Kenya, 80% of all transactions registered in the country in 2021 were cash-based, according to FSD (Financial Sector Deepening Kenya), an independent body that has tracked financial inclusion in Kenya since 2001.

This latest data highlights the challenge of low financial health despite the impressive growth of Kenya's financial inclusion rates.

“But beneath its headline success story, falling financial health and growing disparities in financial usage point to underlying challenges that compromise the ability of financial inclusion to deliver on its promise for inclusive and sustainable growth.“

– Financial Sector Deepening (FSD)

See details here: https://bitcoinke.io/2022/04/cash-still-accounts-80-percent-of-daily-expenses-in-kenya/

This is Umba's unique offerings as a digital bank operating in
🇳🇬
🇰🇪
🇪🇬
🇬🇭

Learn more here:
https://bitcoinke.io/2022/04/umba-raises-15-million-dollars/

Auditing your finances allows you to:

1. Know your financial habits
2. Where you spend your most money
3. Set a more realistic budget

https://youtu.be/YhbH0n_Lz44 #financialplanning #financialliteracy

The 5 Key Features of Blockchain Technology You Should Have on Your Fingertips

* Decentralized 🤸‍♂️
* Peer-2-Peer 🤼
* Consensus Mechanism 🤝
* Immutability ©️
* Distributed Ledger Technology 🧑‍🤝‍🧑

And . . . .
* Smart Contracts 👌

https://bitcoinke.io/2022/04/the-5-key-features-of-blockchain-technology/

🇨🇫Central African Republic Reportedly Moves to Adopt Bitcoin 🇨🇫

Reasons for the move provided by the regulators:

* The ability of crypto to speed up financial transactions

* The role of the state in adoption

* The establishment of a safe regulatory framework

https://bitcoinke.io/2022/04/central-african-republic-reportedly-adopts-bitcoin/

Looking to connect with like-minded individuals who enjoy Play-to-Earn (P2E) blockchain games?

Join a community!

https://bit.ly/JoinACommunity

EXPLAINER GUIDE: How To Stake $ETH Using Rocket Pool and Earn rETH Rewards

You can explore several staking pools that have been recommended by Ethereum.

One such service is Rocket Pool, which lets users stake as little as 0.01 ETH to earn the rETH token.

NB: 1.00 ETH = 0.95 rETH

Here is how staking works on Rocket Pool:
https://bitcoinke.io/2022/04/how-to-stake-eth-using-rocket-pool/

A crypto portfolio tracker is any digital platform that allows you to manage your digital assets and helps you stay on top of how the values of said assets are changing.

It can be a website, desktop, or a mobile app.

Some trackers have subscription fees while others do not. That said, anybody trading in crypto with at least three different coins can substantially benefit from having one.

Trackers are particularly helpful to high-volume traders and people who engage in day trading because they often have to monitor the market continuously.

To elaborate, here is a quick rundown of:

* What a portfolio tracker is
* What you need to consider when choosing one, and
* Some of the more reliable tracker options in the market today

https://bitcoinke.io/2022/04/the-best-way-to-track-your-crypto-investments/

Never buy a crypto because you heard its going to go up. Plan and organize to invest: https://www.youtube.com/watch?v=mS9E1rsUYkU

Pizza 🍕 anyone?


📆: 29th/04/2022
🕠: 5:30 - 7:30 pm
🏛️: The Papyrus Terrace Plot 3 Johnson Street, Kampala road.

Come connect with the Celo Uganda 🇺🇬 Community over pizza, and drinks!


Register: https://docs.google.com/forms/d/e/1FAIpQLSd8l2go51Ojcxa6P3ewZhYZdHVFIIwqxM8XoT_7g22MSjS6uA/viewform

5 FACTORS TO CONSIDER WHEN CHOOSING A SACCO TO JOIN

When it comes to investments, research is key depending on your needs, risk appetite, etc.

Today, we look at the 5 most important factors to consider when choosing a sacco to join:

https://www.youtube.com/watch?v=NkUoul_vCSM

🇳🇬Naira Sees 10% Depreciation – Import Bias to Blame, Says Central Bank of Nigeria 🇳🇬

In the last one year alone, the Naira has experienced a 10% depreciation with inflation expected to average around 15% in 2022. https://bitcoinke.io/2022/05/cbn-blames-import-bias-for-naira-depreciation/

EXPLAINER GUIDE: How to Breed Axies in Axie Infinity and Earn $SLP Tokens

Axie Infinity is a popular Play-As-You-Earn game that has drawn a lot of interest, accounting for 2/3 of the NFT gaming market.

The game is based on creatures called ‘Axies’ that players collect and use to complete daily quests, duel other players, with each being a NFT that is minted on the blockchain.

One key in-game role is breeding an Axie so that they grow in ability to gain rewards on the battlefield.

In this guide, you will learn the 5 simple steps to breed an Axie.

https://bitcoinke.io/2022/05/how-to-breed-axies-in-axie-infinity/

Bank Of Uganda to Clamp Down on Mobile Money Operators Facilitating Crypto Transactions

The Bank of Uganda (BoU) has issued a circular to all payments service providers, especially mobile money operators, reminding them to desist from facilitating cryptocurrency transactions.

According to a local publication, BoU said in a circular it had noted with concern some entities advertising crypto to mobile money conversions, and vice versa, which was termed as illegal.

https://bitcoinke.io/2022/05/uganda-to-clamp-down-on-crypto-transactions/

KenGen, Kenya’s Largest State Energy Company, to Supply Clean Energy for Bitcoin Mining.

Currently, KenGen supplies about 72% of the electricity consumed in Kenya, with over 80% of this coming from renewable sources.

https://bitcoinke.io/2022/05/kengen-to-supply-clean-energy-for-crypto-mining/

WHAT IS?

Payment tokenization refers to the process of replacing sensitive, private data like credit card number, account number, and address with randomly generated numbers representing a token.

Learn more:

https://bitcoinke.io/2022/05/payment-and-asset-tokenization/