Sovereign Frontier
Conversations and Insights on Decentralized Technologies, Innovations, and Culture.
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Saturday Dec 10, 2022
Saturday Dec 10, 2022
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Cryptocurrency adoption continues to grow in Africa, but some countries have banned its use due to concerns about safety and legality. In many cases, these fears stem from a lack of regulatory policies in the industry. An October 2022 report by the International Monetary Fund (IMF) showed that at least two-thirds of African countries have some form of restriction or policy in place regarding cryptocurrency.
Meanwhile, The Nigerian government is currently reviewing its taxation policies and plans to permit the taxation of cryptocurrency transactions through new provisions in its finance bill. There are currently six countries, including two African countries, that levy taxes on transactions involving digital assets.
The Africa Bitcoin conference recently took place in Ghana, with speakers discussing the potential for Bitcoin to provide a common currency that is free from traditional systems of control. Farida Nabourema, the Director of Togolese Civil Aid, argued that Bitcoin could offer easy access to funding and easier international trading. CEO of Bitnob, Bernard Parah, added that independent financing and development cannot occur without an independently functioning currency.
In partnership with Paxful, the Africa Bitcoin conference has created a training center in Kumasi to educate individuals on the current and potential use cases of Bitcoin. Gridless, a company that builds, designs, and operates Bitcoin mining sites alongside small-scale renewable energy producers in rural Africa, has secured a $2 million seed investment round to help accelerate growth in the sector and distribute and secure the Bitcoin network.
Bitcoin company Strike announced a strategic partnership with Bitnob at the conference. Bitnob is a platform that allows users to send and receive money instantly from any app with Bitcoin support, and the partnership will take advantage of the Lightning Network on Bitcoin. Strike's "Send Globally" feature is currently available in Nigeria, Ghana, and Kenya. Remittance is a major source of foreign exchange for countries in Africa, with Nigeria's recorded remittances contributing more to their GDP than oil. However, a significant portion of these funds is lost in fees.
These and more in this episode of Sats & Gwei. Stay updated👍.
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the in
dividuals that make this show possible. Remember to always do your own research.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjoFollow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233Join us on telegram https://t.me/banklessafrica
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Learn more about crypto and web 3 on our website https://banklessafrica.com/
Wednesday Dec 07, 2022
Wednesday Dec 07, 2022
The future of events is web3. Meet our Guests for this episode, Israelrex, and Cisco, who are building a native web3 event management platform.
Israel is the co-founder of Spacevent and also a contributor in BanklessDAO and AragonDAO. According to him, these DAO communities boost his Web3 journey. Israel has been particularly curious about web3 since getting to know about Bitcoin. His co-founder and friend, Cisco joined BanklessDAO in May 2022 where he learned a lot about the web3 space.
Spacevent was born out of the need to have a web3 native platform for crypto events. The team wanted to create a platform that freed people from the shackles of having to pay for events with their credit/debit cards and all the pain points that comes with web2 payment systems.
Being African, they are sometimes blocked and limited from using normal banking services such as credit/debit cards to pay for events. Spacevents aims to change this forever, providing a crypto-native platform that empowers everyone to attend any event anywhere in the world without payment issues.
Essentially, Spacevent is a Web3 event management and ticketing platform that enables anybody to make, share, locate and attend events anywhere in the world.
With the passing of each year, we have come to realize that web3 enhances festivals and events through the application of blockchain techs such as POAPs, NFTs, Soul-bound tokens, and more. Spacevents aims to build a platform that gives event creators the ability to enhance event experiences through web3 while giving event attendees a better and easy way of searching, applying, and attending events both virtually and in-person.
Website: spacevents.xyz
Spacevent Twitter: @spaceventsxyz
Israel Twitter: israelrex9
If you enjoyed this episode, please leave us a rating/review.
The Bankless Africa show highlights projects, ecosystems, and people making an impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR).
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/bankless_africa/ Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233 Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
Saturday Dec 03, 2022
Saturday Dec 03, 2022
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
African tech startups continue to push the limits in the African blockchain space, with Ejara completing its most recent $8million funding round to facilitate the building of its service which allows users to buy, sell and trade crypto through non-custodial wallets - meaning users own keys to their wallets!
South Africa is officially regulating cryptocurrency exchanges through the use of fiscal policies that will involve KYC procedures for doxxing these organizations and verifying customer ID documents. Also trending is the recently launched GetPaid platform built by Clickpesa on the stellar blockchain network geared towards improving the earning ability of freelancers, traders and creatives in Africa.
Headlining the crypto learning and earning space in the past week is the Mercy Corps and Fonbnk with combined efforts geared towards promoting web 3 inclusion and exploring earning opportunities in the space. Also, headlining in the web3 inclusion and advocacy space is Binance, via its recently held economic summit in Nigeria which was focused on making decentralized economies more accessible to the ordinary person.
To catch up on the impacts Binance and its partner companies have effected, check out these two episodes in the series featuring Emmanuel Babalola, CEO of Bundle, a Binance subsidiary
https://open.spotify.com/episode/2QTt3MzaeylpNGkftyMjXm?si=Mfhn8UWXRVmuQWkigib_yg&utm_source=copy-link
https://open.spotify.com/episode/68HyMDWOf8eHvUf97YrWdD?si=9KYrV67oSuKaJPor76Rrcg&utm_source=copy-link
Amidst the bearing claws of the SEC and Central Bank on Nigerian cryptocurrency startups, and the recent Quidax layoff of a significant portion of its workforce, news worth celebrating is the partnership between Afropolitan, first-ever digital nation set to empower & encourage Africans in the building of abundant lives and , the NEAR protocol.This collaboration will give Afropolitan creatives access to the support and network of thousands of creators from within the protocol
GetPaid: https://getpaid.africa/
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjoFollow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
Wednesday Nov 30, 2022
Wednesday Nov 30, 2022
A lot of us have come across the FTX debacle already, those who held positions of leadership in organisations that had relationships with them are now left with the unimaginable, heavy task of informing their teams of the ever evolving situation.
When asked if he will still participate in the crypto space after all this, FarooQ’s response is a passionate yes, reminding us that there is a bigger mission with crypto that cannot be forgotten. The proven potential of blockchain technology goes beyond making copious amounts of money, or at least, it should. A situation such as this should not deter developers, creators and investors from the entire industry, but rather demand of us a different and intentional attitude.“The challenge with the crypto space for Africa is the necessity for a whole mindset shift that needs to occur.” The finer details of the debacle are still unfolding, but one thing remains, the people affected are more than just wallets and numbers, they are people interested in a new frontier, a new attitude to financial freedom.
FarooQ reminds us that a project like FTX gave many of us access to ample opportunities such as global stock market investing, an opportunity that is often inaccessible to those with African identification documents. What they did should serve as a turning point, a reminder that we still need solutions, transparent solutions that we can verify, beyond simply trusting. The mission is to be Bankless, to embrace technology and to become the leaders of a new & liberated Africa.
If you enjoyed this episode, please leave us a rating or leave a review, let us know how we can keep giving you episodes you love to listen to.
The Bankless Africa show highlights projects, ecosystems, and people making an impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR).
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/bankless_africa/ Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233 Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
Saturday Nov 26, 2022
Saturday Nov 26, 2022
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Crypto never sleeps, it’s been another lively week filled with activities.
Some organizations such as the IMF are trying to leverage the FTX collapse to push for more crypto regulation across Africa. It’s time to regulate - they say! While some are calling for more regulation, other organizations such as South African exchange Luno, says it has not been affected by the collapse of FTX, even as its sister company Genesis Global Capital faces potential liquidity pressures - Luno uses Genesis for its savings wallet.
Kenya delves into taxing crypto transactions - Plans are underway in Kenya to amend the capital markets law, which will see an introduction of a 20% excise tax on every crypto transaction fee, this move is seen widely as a potentially ineffective strategy to reduce foreign borrowing through the expansion of the domestic tax net.
Should the bill be approved by the Kenyan Parliament, Kenyans will be subject to capital gains tax or income tax to be remitted to the Kenya Revenue Authority for the sale and/or use of crypto.
Crypto Hub Africa has announced its plans to launch the African Crypto Giants awards. This award will serve as a platform to recognize the efforts of innovators and builders who have worked relentlessly to advocate blockchain education in Africa, as well as create amazing products and services that have helped revolutionize the African digital economy.
All these and more in this episode. Do enjoy.
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research.
Wednesday Nov 23, 2022
Wednesday Nov 23, 2022
Access to e-commerce is a basic thing for some, but a sorely needed one for many others.
Peter Alfred-Adekeye created Boom to offer an opening to a world of global trade, reinventing the current markets that small & large businesses have access to. In the creation of Boom, he drew on his knowledge of blockchain technology, particularly with the Pingsta intellectual network.
In the episode, he talks about the evolution of technology, how it has impacted the West, leaving Africa behind to learn what everyone else had already been doing.
Adopting the mindset that allows one to participate in an innovation such as this will take time, but in the same manner that Peter and his team at Boom were willing to spend a decade building and curating what Boom would be about, patience is key to their success.
To learn more about boom, you can visit their website or follow them on Twitter.
You can download the app here: https://apps.apple.com/app/boom-e-commerce-no-banking/id1640059552
What Boom is bringing to the world is the chance at Bankless Commerce!
From the Marketplace, the Wallet, the Messaging App and their Social App, this public Beta phase will determine the extent to which they roll out each of the 4 rungs of Boom, within the next phase of their growth.
If you enjoyed this episode, please leave us a rating or leave a review, let us know how we can keep giving you episodes you love to listen to.
The Bankless Africa show highlights projects, ecosystems, and people making an impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR).
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/bankless_africa/ Follow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233 Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
Saturday Nov 19, 2022
Saturday Nov 19, 2022
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
Besides losing its license as a Financial Services Provider in countries like South Africa, the FTX incident has left a mark on quite a number of crypto businesses. The CEO of Nestcoin announced the erasure of a significant portion of its operating capital with the collapse and for this reason will have to lay off some of its workforce.
Still on the FTX subject, It would appear that FTX may have made an incorrect listing in its holdings which it recently filed bankruptcy for. AZA finance has challenged its inclusion in the FTX chapter 11 bankruptcy filing, terming it an “Erroneous Inclusion”. The CEO of AZA finance is currently taking active steps to correct these erroneous court filings.
Efforts to advance cryptocurrency education as well as advocate for inclusion are still being made by organizations such as LBank and Crypto Bootcamp, with the aim of bringing these concepts closer to the grassroots in local communities in Africa.
Quickly following up this piece is the news of the expansion of Ripple XRP into the African cross border space through its partnership with MSA Africa. Even more interesting is the effort of Modus to bridge the gap between artificial intelligence and blockchain technology through the very recent launch of its $75M fund.
A quick note: Any organization or persons willing to hire any of the recently laid off Nestcoin employees can send an email to alumni-hiring@nestcoin.com for enquiries.
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review.
The bankless Africa show highlights projects, ecosystems and people making impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjoFollow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/
Sunday Nov 13, 2022
Sunday Nov 13, 2022
Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!
In this week’s roll-up, we talk about the worst week of the year, we try to extrapolate on the sheer amount of loss that this has caused for people.
The insolvency of FTX has led to the inability for people to withdraw their rightful funds, with hacks, NFTs for funds and strange flights, the entire situation is shaping up to be the most devastating bearish debacle we have seen in a long time, if ever. Kenyans for example lost over $700m because of this, the 134 firms included in the Alameda bankruptcy filing will also be immensely devastated, a handful of which are African based.
The story is ever developing, and community research is heavily encouraged. As mentioned in the podcast, here are some links you can use for research and/or confirmation purposes:
Official Alameda bankruptcy filing https://www.docdroid.net/F0TqEsL/alameda-chapter-11-db-pdf#page=6Suspicious txns https://etherscan.io/address/0x26C5A34Bc8398fbD395b518ffAb27724D7CC9617#tokentxns
With an average decline of 27.98% in our market watchlist from last week, the overall market sentiment is concerning to say the least.
Sun Exchange is a South African solar power company which is challenging the status quo by giving investors the option to have their payouts done in the South African rand which is typical, or Bitcoin. There are of course pros and cons to both, but Sun Exchange wants to offer the options so they can appeal to all kinds of investors; with the minimum investment being as little as $4, the pool of investors is indeed global.
Data Mynt continues to get into partnerships that seem geared to making them the best service providers in the continent while also encouraging a swifter adoption of crypto. With the Alibaba cloud partnership, cloud storage and crypto are brought closer to home. Africa and Latin America have not yet adopted cloud storage as the west world has, not to say that they should copy that, but they have not been given the opportunity to understand it or access it easily in some cases. Partnerships like these are evidence that we have quite a ways to go still, all that’s needed is intentional movement.
One of the biggest eSports gaming tournaments will be hosted in November by the illustrious Cassava Network & Play1st. Developing economies like ours have not quite had the chance to fully embrace things such as gaming on a grand scale. Slowly though, the entire tech industry is opening up to the possibility of gaming as an exciting and potentially lucrative career option. If you would like to participate in the tournament, be sure to register your clan here and apply for the tournament before the 16th of November.
Listen to these and other news in today’s episode to get all the relevant news and updates for the week.
Thank you for tuning in.
If you enjoyed this episode, please leave us a rating/review, let us know how we can continue to serve you in the best way possible.
Sats & Gwei is a BanklessAfrica podcast that brings you weekly crypto/web3 headlines about the African continent. Stay up to date with the most relevant crypto happenings across Africa.
Disclaimer:
None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. Verify, don’t trust.
Follow our Twitter https://twitter.com/Bankless_Africa
Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjoFollow us on linkedIn https://www.linkedin.com/in/bankless-africa-799178233Join us on telegram https://t.me/banklessafrica
Subscribe to our newsletter https://banklessafrica.substack.com/
Learn more about crypto and web 3 on our website https://banklessafrica.com/