South African Exchange, Xago, Launches a U.S Dollar Stablecoin and a Revolutionary App

Xago, a South African XRP-only exchange, has announced the launch of its stable coin, XUS, which supports the US dollar, empowering clients to deposit and pay out funds, with US dollars and USDC via the Xago platform.

At the same time, the exchange has announced the launch of seamless trading functionality in its mobile app.

Xago has recently announced partnerships with leading African exchanges including BitMama and Paxful.

According to Xago, the mobile app has now made conventional login names and passwords redundant with a robust three 3FA that covers all of the following categories:

https://bitcoinke.io/2022/05/xago-launches-xus-stablecoin-and-a-revolutionary-app/

[WATCH] We Were Literally Just Months Away to Hitting $1 Billion in Monthly Transactions When the CBN Ban Happened, Says CEO, Patricia

BitKE caught up with Fejiro Hanu Agbodje, CEO, Patricia, one of the largest crypto exchanges in Africa, to talk about his journey and how he built the Patricia Exchange.

Patricia was the only and first exchange to sponsor the Big Brother Naija (BB Naija) in 2021 which, according to Hanu, was an expensive investment, but well worth it.

As of early 2021, Patricia had hit over 800, 000 users making it one of the leading crypto exchanges on the continent.

In this discussion, Hanu discusses the following:

* Early beginnings of Patricia
* Patricia and its unique offerings
* The use cases of Patricia among users
* How the crypto ban affected Patricia
* The Patricia Big Brother Naija sponsorship
* 2021 successes
* New feature updates coming to Patricia
* Hints on upcoming ventures
* Advice to entrepreneurs in Africa

Check out this exclusive interview here:

https://bitcoinke.io/2022/05/a-chat-with-ceo-patricia/

The Biggest Challenge in Gaming in Africa is Technical Accessibility - A Chat with CEO, Carry1st

BitKE caught up with Cordell Robbin-Coker, CEO, Carry1st, the leading Web3 gaming platform in Africa, to talk about the company’s latest $20 million funding round and their next move into blockchain gaming.

In this discussion, Cordell discusses:

* Early beginnings of Carry1st
* The $20 million funding raise
* An overview of the gaming landscape in Africa
* Cordell’s favorite games
* Collaborations within the Web3 gaming space
* Challenges facing gaming studios and platforms in Africa
* Interesting gaming finance models
* Gaming guilds in Africa
* Supporting African game developers and studios
* Advice to African entrepreneurs

NB: Lots of very original insights about the gaming landscape in Africa

Check out the interview and synopsis here:
https://bitcoinke.io/2022/05/a-chat-with-ceo-carry1st/

[WATCH] Cameroon Crypto Startup, Ejara, Among 7 African Startups Selected as World Economic Forum’s Technology Pioneers of 2022

In a blog post, the World Economic Forum (WEF) revealed its 2022 list of Technology pioneers with 7 Startups in Africa comprising the important list.

Among the startups selected is Ejara, the only crypto startup out of only 7 from the African continent.

BitKE also caught up with CEO, Ejara, to talk about the innovative app which is one of the leading crypto investment platforms in Francophone Africa.

Check out the short interview clip here:

https://bitcoinke.io/2022/05/ejara-among-world-economic-forum-technology-pioneers-of-2022/

Bank of Central African States Warns CAR Adopting Bitcoin Could Compete with Central African CFA Franc

The Cameroon-headquartered Bank of Central African States (BEAC) has urged the Central African Republic (CAR) to annul a law it passed in late April 2022 that made the cryptocurrency, Bitcoin, legal tender.

The bank warned in a letter that the move breached its rules and could affect monetary stability in the region.

BEAC said the CAR’s decision to make Bitcoin legal tender could compete with the Central African Franc (CFA), the region’s France-backed currency.

https://bitcoinke.io/2022/05/bank-of-central-african-states-warns-car-on-bitcoin-adoption/

Demand for Web3 Talent on the Rise as Capital Nears $15 Billion in Q1 2022, Says Latest Report

In terms of sectors, Web3 was the most attractive to investors during Q1 2022, CeFi continues to be the least active in terms of the number of deals and capital inflows of all the different sectors.

Here is a breakdown of the sectors in terms of number of deals:

* Web3 – 26.5%
* DeFi – 23.2%
* Infrastructure – 19.5%
* NFT – 18.3%
* CeFi – 12.5%

See full list of stats here:

https://bitcoinke.io/2022/05/demand-for-web-3-talent-on-the-rise-q1-2022-report/

Celo, one of the leading blockchains in Africa, Grew Over 5,000% and 7 Key Milestones Inside Celo 2021 Annual Report

In the report, it can be seen that the year was action-packed with growth for Celo on several fronts. Here are just some of the growth numbers and stats for 2021:

* By December 31 2021, the blockchain had processed a total of 84.1 million transactions – a 5,115% growth YoY

* The platform had a total of 2.65 million wallet addresses – a growth of 5,916% YoY

* A total of 375k members representing 135 countries across the world

* The builder community grew by 619% to 3, 957 YoY with 848 active builders – a 848% growth rate YoY

See the full list of stats here:

https://bitcoinke.io/2022/05/key-milestones-inside-celo-2021-annual-report/

Calling all the #Devs and those #building (both in public and in private 😎)

The @Celoorg ecosystem in #Kenya is hosting the Celo Code Jam!

Details

Theme 📜:
▪️Stablecoin + dApps
▫️Stablecoins + Daos
▫️Stablecoin + DeFi mobile solutions

🏛: ihub
📆:28th May 2022
🕒: 9:00 am - 12:30 pm
🔗:https://forms.gle/LJziRTj7n76cr8nKA

Happy Coding!

The video highlights the progress of bitcoin’s value over time covering different ups and downs from November 2014 until the recent cryptocurrency crash in May 2022.

GM Uganda Community!

The Kampala Blockchain Happy Hour is finally here!

Details:

📆: 27/05/2022

🕒: 6:30 PM - 7:30 PM EAT

📍🇺🇬 Innovation Village, Ntinda Complex, Block D, Kampala, Uganda 🇺🇬

🔗: https://bit.ly/KampalaVillageMeetup-CELO

Come let's connect, prosper and learn over a drink or 2!

Zimbabwe Inflation Rate Hits 131.7% in May 2022

Year-on-year inflation in Zimbabwe has quickened as follows:

* January 2022 – 60.6%
* April 2022 – 96.4%
* May 2022 – 131.7%

Inflation is the decline of purchasing power of a given currency over time.

This means if you bought a piece of bread for $1 dollar in Zimbabwe in January 2022, you would now be buying it in May 2022 at . . . .

https://bitcoinke.io/2022/05/zimbabwe-inflation-rate-over-100-percent/

Nigerian Government to Roll Out IP Exchange MarketPlace and Wallet on the Algorand Blockchain

The Nigerian government has signed a 3-year exclusive IPR (intellectual property right) agreement to launch a nation-wide wallet which will enable the international commercialization of all IP forms being created and registered within the country.

Koibanx, the leading Latin American asset tokenization and blockchain financial infrastructure company, will be in charge of implementing:

* The wallet

* The token, both for the IP being sold and stable token

* The overall technical integration

See full details of the deal here:

https://bitcoinke.io/2022/05/nigerian-to-roll-out-ip-exchange-marketplace-on-algorand/

Introducing Project Sango

The Central African Republic (CAR)🇨🇫, the second country in the world to adopt bitcoin as a legal currency after El Salvador🇸🇻, plans to develop a hub to attract cryptocurrency businesses and enthusiasts to the nation.

Sango’s legal framework will include:

* An e-residency program
* Citizenship by investment
* Online business registration
* No income or corporate tax

CAR plans to devise this dedicated legal framework before the end of 2022.

See full details via this link:

https://bitcoinke.io/2022/05/introducing-project-sango/

Bank of Ghana 🇬🇭 Testing eCedi Integration with Mobile Money Players

The Central Bank of Ghana (BoG) has created online and offline wallets for eCedi.

The opportunity to test the online version of the eCedi is restricted to Vodafone Cash and CalBank customers only in Accra and Tarkwa in the Western Region.

Meanwhile, the offline version of the eCedi is currently being piloted at Sefwi Asafo in the Western North Region

https://bitcoinke.io/2022/05/bank-of-ghana-testing-ecedi-integration-with-mobile-money-players/

The Kenyan 🇰🇪 non-profit foundation behind the Sarafu community token, now enables communities to launch their own tokens.

This will be done under the Kitabu humanitarian blockchain which has zero gas fees.

So far, 14 communities have issued their own tokens on the blockchain

Learn more:
https://bitcoinke.io/2022/05/14-communities-launch-their-own-cics-in-kenya/

6 Tech Companies Leading the Metaverse Push

Nvidia, a global leader in artificial intelligence hardware & software, especially in the gaming industry, has built its Omniverse platform being used across a growing number of industries for design collaboration and simulating of real-world buildings and factories.

Learn about the other 5 companies here:

https://bitcoinke.io/2022/06/6-tech-companies-leading-the-metaverse-push/

[WATCH] KRYPTOMON – A Side Income Opportunity for Africa’s Enthusiastic Youths

Kryptomon recently closed a $10 million private funding round to help propel the development of Kryptomon’s living-NFT game, the first-ever in the NFT gaming industry that integrates real-world gaming with Metaverse capabilities.

BitKE had an exclusive interview with the CEO, Umberto Canessa, to talk about the game and expansion plans.

Check out the game synopsis and the interview here:

https://bitcoinke.io/2022/06/kryptomon-a-side-income-opportunity-for-africas-enthusiastic-youths/