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Showing posts with the label digital currency

BitFury Invests in Pan-African Bitcoin Trading Platform BitPesa

Bitcoin  Bitcoin blockchain mining infrastructure provider  BitFury  has announced it has made a strategic investment in the universal African Bitcoin exchange   BitPesa . Founded in 2013, BitPesa sees itself as an easy way for businesses and individuals worldwide to buy and sell local African currencies through Bitcoin to Kenya, Nigeria, Uganda and Tanzania with the monetary settlement taking place directly with African banks and mobile money accounts. BitPesa is also one of the few Bitcoin organizations in Africa that provide bank deposits and withdrawals, which allows senders and receivers to take advantage of cheap, efficient and quick payments using Bitcoin to exchange African and international currencies. This removes the dependence on other currencies such as the U.S. dollar that have high international conversion rates. BitFury CEO Valery Vavilov told  Bitcoin Magazine  there has been a serious lack of investment in financial infrastructure across Sub-Saharan Africa. “Thi

How Blockchain Technology is Helping to Clean the Niger River

 Blockchain  Ogoniland, situated off the coast of the Gulf of Guinea in southeastern Nigeria, is considered the most polluted region along the Niger Delta and among the worst in the world. Even though the Niger Delta is rich in resources, poverty, pollution and unemployment are rife. One of its primary resources is oil, and consequently, many companies take advantage of the region. According to the  United Nations Environment Programme  (UNEP), the oil industry has been a key factor in Nigeria’s economy for 50 years. As a result of oil drilling and spills by Shell and other companies, however, the land has been devastated, the vegetation decimated, fish numbers depleted, and surrounding mangroves, swamps and creeks contaminated. Consequently, the livelihoods of many fishermen and farmers have been destroyed. In 2011, the UNEP said that it could take up to 30 years for full environmental restoration to be achieved in Ogoniland; but a lack of accountability appears to have stalled pr

GoldMint and the Future of Gold Ownership

Gold ownership Reflecting gold’s historical repute as a scarce and valued resource, Bitcoin has become known in many investment circles as “digital gold.” With its unprecedented rise, Bitcoin’s worth is now estimated to be about twice that of an ounce of physical gold. On August 7, 2017, the startup  GoldMint was launched with the intent of ushering in a new digital era of gold as a store of value. This project aims to provide a unique set of gold ownership solutions for cryptocurrency investors and enthusiasts worldwide. It is holding an  initial coin offering  (ICO) that starts in less than 12 hours.  The GoldMint project reaffirms the notion that physical gold is a respected method of payment and wealth preservation, all tied to its value and scarcity. Gold ownership, however, requires expensive security, safekeeping and insurance. GoldMint’s innovative approach seeks to address these inherent issues. GoldMint purchases, sells and repurchases their native digital asset called