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Tag Archives: Africa

Classified Ads Site in South Africa Reports Increase in High-Ticket Bitcoin Listings

Online classifieds and community website, Gumtree South Africa, has reported a significant increase in the number of listings posted specifically asking to trade items for bitcoin. In particular, the website reports a proliferation in the number of listings for luxury vehicles that are asking for bitcoin as payment. Also Read: Markets Update: The Top 68 Cryptos […]

Bitcoin Adoption in Africa Hinders EAC Plans for a Unified Currency

Due to a declining economy and eroding national currencies, the East African Community (EAC), an intergovernmental central bank organization composed of six countries in eastern Africa have plans to adopt a unified currency. However, the growing popularity of bitcoin and other digital currencies are hindering the East African central bank’s abilities to establish a harmonized […]