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EcoHack Africa 2018 Aims to Build Blockchain-Based Green Economy Platform for Africa

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EcoHack Africa

EcoHack Africa 2018, organised by AfricaGen, is the first Pan-African green economy blockchain hackathon that will bring together 100 programmers, economists, and environmentalists from around the globe to congregate in Kigali, Rwanda. Their objective is to build an open-sourced blockchain based green economy platform for Africa – the Sahara Marketplace.

The Sahara Marketplace will be a one-stop centre for individual farmers, entrepreneurs, cooperatives and institutions to raise funds for agriculture or ecosystem services through carbon credits, crowdfunding, and grants from individuals, businesses, multinationals and aid organisations.

AfricaGenThe hackathon is co-organised by AfricaGen, the Rwandan Ministry of Youth, KLAB and Rwanda ICT chamber, with technical collaboration with the Rwandan Ministry of Environment. It aims to create a real-life blockchain application building experience to encourage the creation of a blockchain industry in Rwanda and in Africa. Africa gets about 3% of the $35 Billion carbon credit market, while India and China get about 70% of the total. This platform aims to bring more of that money to Africa, as an alternative and in addition to traditional development financing. Increasing Africa’s share of carbon credits from 3% to 10% would bring in $2.5 Billion in much-needed financing for the continent’s most vulnerable population.

The hackathon will use “NYANDUNGU URBAN WETLAND ECO-TOURISM PARK” as the main case study to build the platform. The Nyandungu Park is a project to restore a degraded wetland in Rwanda capital Kigali and transform it into an eco-tourism park. The park is owned and developed by Rwanda Environment Management Agency.

The hackathon will also work on solutions for two of Africa’s most ambitious ecological projects: – “Great Green Wall for the Sahara and Sahel Initiative” (GGWSSI) which aims to restore the rapidly deserting lands around the Sahara desert, and form a barrier against further desertification; – “the AFR100” initiative which seeks to restore 100 million hectares of degraded land throughout Africa.

The event has gained the support of the Global Blockchain Business Council (GBBC), the leading association for the blockchain ecosystem. Sandra Ro, CEO of GBBC, said: “EcoHack Africa 2018 and its Sahara Marketplace are excellent initiatives, helping educate the African youth on the latest technological advancements in blockchain and its practical implementation. As the influence of Blockchain spreads, we’re delighted to see more initiatives established across the globe that are designed to educate and empower people.”

About YouthConnekt Africa

The sixth edition of YouthConnekt Africa (YCA) will take place between October 8-18, 2018 at Kigali Convention Centre with the theme: “Connekting Youth for Continental Transformation”. Launched in 2012 in Rwanda, YouthConnekt Africa has emerged as a high-impact solution for African countries to realise the demographic dividend. YouthConnekt has been embraced for its innovative design and implementation providing youth with the skills, networks and information needed to scale their initiatives and gain meaningful employment. To date, six countries have already launched YouthConnekt and many others are in the process of emulating the model. Africa’s greatest resource is arguably its nearly 420 million youth. Yet, this tremendous asset is relatively untapped largely due to limited access to education, health services mentorship, finance, employment opportunities required to meaningfully participate in the continent’s socio-economic transformation and realise the demographic dividend.

About AfricaGen

AfricaGen is a Pan-African youth do-tank organisation with the ambitious objective of mobilising 1 million Africans for the development of the continent through technology and innovation. AfricaGen focuses on open collaboration in order to build home-grown solutions in the most efficient way possible.

For more information, please contact:

AfricaGen Website: www.africagen.com

Email: info@africagen.com

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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How Blockchain Turns the Game in African Financial Life

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Chatex
Image by Chatex.com

Progress never stands still. People seek for simplicity and convenience, and the financial system is no exception to that. Hardly anyone could have thought that cash could ever be replaced with plastic cards. Today, it’s time for cryptocurrency to trigger the change in the paradigm.

Besides being a great instrument for investment, crypto changes the very essence of how money is transferred. Today, everyone who owns crypto can seamlessly and transparently exchange, sell off and buy up assets.

Is that not the democratic solution our world needs? That’s the question which underpins the initial purpose of Chatex project. The company has chosen the African continent as the starting point of its expansion in order to help those who suffer from excessive commission fees and lack of fiat.

Why Africa?

The banking environment is so weak here, that it’s hardly called ‘banking’. It is mired in corruption and bureaucracy, while the level of financial literacy is extremely low. It’s a common practice for local third-party services to charge sky-high commission fees on money transferring. Sometimes these figures reach 10 or even 20 percent. Chatex’s CEO, Michael Ross-Johnson, comments the following:

“How can one be treated in such a sordid way in the continent where people survive on less than the equivalent of one dollar a day? We can’t just monitor with our hands folded. We at Chatex are here to help African people become a part of the transparent and fair system that will give them an opportunity to freely manage their money and enjoy the comprehensive financial freedom”

How Chatex will make it out?

ChatexChatex offers a same-name bot based on Telegram, which could be downloaded on any kind of a smartphone supporting the messenger. It is an official, licensed and GDPR-compliant service, which offers safe data storage, BitGo instant transfers technology and additional PIN-code protection.

Thanks to Chatex, users can carry out cross border transactions, whichever their education or location is. One registered with the bot can instantly buy crypto via banking and gift cards, including even iTunes one, and transfer money to other users worldwide with no commission.

What’s the catch? There aren’t any. The verification process and money transfer won’t last more than 15 minutes here. The interface is intuitively simple and user-friendly, that’s why even a layman user will be able to operate without hindrance.

Having established an office in Ghana, Chatex plans to extricate banks and extortionate money transfer services from all over the continent. Next step would probably be Uganda, where the banking system has run rampant. In Uganda, every year relatives send home about $700 million, and almost $70 million of that total are charged by third-party service providers.

Judging upon the current trends of pervasive smartphone penetration, it can easily be said that mobile solutions such as Chatex are on their way to fit a whole set of financial operations into the user’s pocket. Africa needs such services that will ease people lives and eliminate the limits local banks and third-party services set up. Chatex avoided the well-trodden path of expansion and no one will regret. It has started a new chapter in the African market, aiming to ‘make Africa great again’.

To find out more, visit https://chatex.com/.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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Bitcoin Events to Host South Africa’s First Crypto Festival

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Crypto Festival

Bitcoin Events is delighted to be hosting South Africa’s first Crypto Festival in Cape Town on 7 September 2019.

Bitcoin EventsThere’s been a lot of renewed interest in cryptocurrencies in Africa and globally, and the Crypto Festival will highlight the exciting opportunities that cryptocurrencies offer individuals and organisations: from investing, trading, mining and transacting to privacy, security, price volatility, tokenisation of assets, Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs).

South Africa is at the forefront of crypto adoption. It has the highest percentage, 10.7%, of internet users owning cryptocurrencies, twice the global average of 5.5%, according to a recent international survey by social media management firm Hootsuite in partnership with London-based WeAreSocial.

Bitcoin and other cryptocurrencies have certainly changed the way we think about money, privacy, investments, payments and more. Cryptocurrencies are a disruptive innovation that numerous start-ups and individuals are leveraging, along with blockchain technology, to build innovative products and services for consumers and businesses alike.

We are expecting about 150-200 attendees from various backgrounds and industries at the Crypto Festival: crypto exchanges, payment systems, investment firms, mining operations, trading enthusiasts and companies, ICOs and IEOs, legal practitioners, crypto enthusiasts, blockchain developers, thought leaders, industry innovators and entrepreneurs.

Grab your Early Adopter ticket now for ONLY R450!

The Crypto Festival Call for Papers is Open

Our call for papers is now open, so don’t miss this opportunity to share your insights and expertise with our audience by submitting your paper now.

For more information on the Crypto Festival, visit Cryptofest or email the team at info@blockchainafrica.co.

Disclaimer: Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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“Mobile Localbitcoins” Totalcoin Integrates Ripple

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TotalCoin

Mobile cryptocurrency platform Totalcoin to add support for Ripple. Users of Totalcoin will be able to create wallets for XRP in addition to Bitcoin, Ethereum, Litecoin, and Dash wallets.

For the first time in the history of cryptocurrency, XRP can be transferred anywhere in the world by phone number.

The update is currently being tested and will be released soon.

TotalCoin

Moreover, Totalcoin added a feature of instant exchange of Bitcoin Cash ABC and Bitcoin Cash SV for Bitcoin and vice versa. The platform now supports 20 cryptocurrencies for exchange.

The nearest plans of Totalcoin are the development of a web version of the app, an increase of the number of supported cryptocurrencies, and redesign of user interface elements.  

Totalcoin is a unique mobile cryptocurrency app, that combines a cryptocurrency wallet, a P2P platform for buying and selling Bitcoin, and an opportunity to instantly exchange Bitcoin for another cryptocurrency and vice versa.

Beta testing of Totalcoin was successfully completed late in 2018. The app has been downloaded more than 15 thousand times.

Major advantages of the app are low fees, built-in cryptocurrency wallet, opportunity to send cryptocurrency using a phone number, live customer support, convenient user interface, and profitable referral program.

The application is available on iOS and Android.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

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