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10 Reasons Why Africa Will Set the Pace for Bitcoin Adoption

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bitcoin adoption

As it stands at the moment, Africa is lagging behind the rest of the world when it comes to the adoption of Bitcoin and other cryptocurrencies.

While the term “Bitcoin” is one of Africa’s most searched terms, the continent’s interest in the currency is not translating into real-life use, and there are a variety of reasons why this is the case.

But crypto experts are noticing something that could change this current start of cryptocurrency and there are even some economists who are predicting that these currencies will be the next big economic innovation that will have a positive disruptive influence.

And the many advantages that the average African will experience are the exact reason why the widespread adoption of Bitcoin is a likely reality.

Open a Free Bitcoin Wallet here!

1. Pegged against the dollar

Even the strongest currencies in Africa struggle against the US dollar, the primary currency in which Bitcoin is traded. The Rand, in particular, is struggling more than ever, depreciating as the country tries to solve its current economic woes by simply creating more. Many Africans are looking for a way to add more value to their money and by converting cash into cryptocurrency, or by taking the extra step and mining it themselves, they can do just that. View Bitcoin Price to Rand.

2. Instant payment between people

Awaiting payment slows down businesses and often some of the biggest banks on the continent have a delayed payment protocol while they do offer instant payment at an additional cost. Instant payment benefits both the payer and the payee and with cryptocurrency, this aspect is greatly beneficial to e-commerce in particular, which in emerging economies can go a long way towards encouraging entrepreneurship.

3. Secure encrypted wallets

More than 2 million people already have a secure Bitcoin wallet, which means there are already 2 million people ready to trade. Unlike the risks involved with cash and card transactions, not to mention the limiting geographical distances associated with these kinds of transactions, Bitcoin and other cryptocurrencies are safe to transact with and cannot be stolen or lost.  

4. Bitcoin is fast becoming a part of many stock and wealth portfolios

Bitcoin and similar currencies are being used by all kinds of traders to diversify their portfolios and in most cases, they are enjoying a fairly good return on their investments. For many traders, Bitcoin has become an investment alternative as it generally does pretty well and despite a few bumps over the years, it generally remains profitable. Global Stocks hasn’t outperformed bitcoin in 10 years.

5. Africa already uses instant mobile payments

Africans are no strangers to mobile currencies, which are just one step away from cryptocurrencies. Zimbabweans use EcoCash for just about all of their payment needs, continuing to buy and sell even though the country’s currency has collapsed. The framework is for the most part already in place for cryptocurrency to swoop in and make its mark.  

6. Bitcoin is down 60% from its all-time high price

This means that there has possibly never been a more affordable time for Africans to invest in Bitcoin. Since past trends have shown that Bitcoin normally picks up again, and despite what the naysayers believe, the currency shows no sign of disappearing completely or becoming financially unviable, any time soon.

7. Supply and demand

Unlike other currencies that tend to supply a nearly limitless amount of notes and coins, Bitcoin is governed by a supply and demand set up. There are only 21 million Bitcoins in existence and so demand has the power to drive up the currency value, especially when those with Bitcoin hold onto their money.

8. Crypto is becoming mainstream with Bitcoin in the forefront

Although not everyone knows or understands the complexities of these currencies, if you were to ask anyone what cryptocurrency is, their answer is likely to be Bitcoin. This is because Bitcoin has become the name synonymous with cryptocurrencies of all kinds and when people hear that there is money to be made, they take an interest.

9. Bitcoin is decentralised and not governed by any government institution.

This is arguably one of the most appealing things about Bitcoin. A decentralised currency of this kind protects users from bank collapses, bank fees and various bank policies that affect the value of their currency or determine how and to whom they may make transactions. A decentralised currency is also untouched by geographical borders and will enjoy cheaper international transactions. This type of currency is also unaffected by both inflation and deflation because it doesn’t belong to one single country.

10. Bitcoin is unaffected by global recessions

The global economy is on the brink of collapse as a massive amount of debt and economic downturn characterise many economies. And numerous economists are expecting a crash bigger than that of 2008 to come sooner rather than later. Centralised currencies are certainly in the firing line when this happens, but the decentralised cryptocurrencies are at the moment the safest option for anyone wanting to protect their wealth.

Africans can open a FREE Bitcoin wallet here!

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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P2P Trading Platform CryptoLocally Adds Its Own Native Token: GIV

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CryptoLocally

With COVID-19 and people looking for economic opportunities from home, cryptocurrency exchange platforms have been looking for ways to expand. Over the past few weeks, the P2P trading platform CryptoLocally has added numerous tokens, such as USDJ, JUST, USDT-TRC20, and now CryptoLocally’s most recent addition is GIV, a token native to CryptoLocally. This new coin will allow users to take advantage of a number of special features that makes GIV stand out from the native coins of other platforms.

What is CryptoLocally?

CryptoLocallyCryptoLocally is a Peer-to-Peer (P2P) crypto trading platform that supports many next-generation blockchains. Its team is committed to creating the easiest, fastest, and most convenient way of trading cryptocurrencies. They have achieved this by providing a service that allows users to directly interact with one another without third-party interventions and user funds are protected by an escrow until transactions are complete.

What is GIV?

GIV is the token native to CryptoLocally’s platform and it can be used to purchase or access a number of special features.  There are various means of obtaining GIV, which range from just signing up to being an active trader on our platform. The more GIV users obtain, the more they will be able to take advantage of the special features that come with owning GIV.

How Can Users Gain GIV?

Immediately after signing up on CryptoLocally, all users will receive 10 GIV. Additionally, new users to the platform will receive a one time “Spin-the-wheel” gift where they can spin a wheel containing various GIV prizes right after signing up. Users can also earn GIV through CryptoLocally’s referral program which allows both parties to immediately earn free GIV and on top of that, earn 0.1 GIV for every 10 USD of a completed trade made by the referrals forever. While these methods allow users to easily gain their first tokens, the best way to earn GIV is by being an active trader.

Being active on the platform allows users to comfortably earn GIV based on the trade amount, with a ratio of up to 1 GIV per 10 USD traded! Since GIV is stored directly on CryptoLocally’s platform, there is no need to worry about getting an additional wallet. While being an active trader on CryptoLocally is the fastest way to gain GIV, traders can also buy GIV from Binance DEX.

Why Use GIV?

GIV has several benefits that are unique compared to other native tokens. Here are some of the benefits and why you should consider using GIV:

1. Get paid to trade

By trading on CryptoLocally, users will earn GIV based on the trade amount, with a ratio of up to 1 GIV per 10 USD traded. Thus, the more users trade the more GIV they will earn.

2. Refer friends, earn GIV

Earn 10 GIV per referred user that completes a trade and then earn additional GIV based on the trade amount your referrals make!

3. Coupons that facilitate trading

50% off Coupons: For 800 GIV, users can purchase this coupon which will reduce trading fees by 50% for 1 trade.

Boosts: For 600 GIV, users can purchase a “boost” which, when applied to an offer, will place it at the top of the list.

4. Access to the Tier system

Bronze: Just by signing up all users are placed into the Bronze Tier. Being in this tier allows them to earn GIV from signing up, referring friends, and actively trading on the platform. In addition, you can spin a GIV wheel and receive a GIV gift. Additionally, after each completed trade, users will be awarded GIV based on the trade amount, with a ratio of 0.8 GIV per 10 USD traded.

Silver: In order to gain access to the benefits of the Silver Tier, users must maintain a GIV balance of at least 250 thousand GIV. At this level, they will get 25% off on all their trade fees + all of the perks from Bronze tier. Similarly to the bronze tier, you will be awarded GIV based on the trade amount, with a ratio of 0.88 GIV per 10 USD traded.

Gold: This is the highest tier and is attainable by maintaining a GIV balance of at least 1 million.  While this may seem difficult to reach, users in the Gold Tier will get 50% off on all of their trade fees. At the highest tier, you will experience the highest level of GIV rewards, allowing you to earn GIV based on the trade amount, with a ratio of 1 GIV per 10 USD traded.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. 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 to Monetize Your Publications on Social Networks Using SaTT Solution

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SaTT Solution

Through advertising, brands can easily reach out to audiences that they wouldn’t otherwise meet through organic means.

SaTT is an online advertising platform that upgrades the advertising transaction process through the use of blockchain while removing the high costs associated with launching a campaign, reducing payment delays for publishers that rely on ad revenue, as well as injecting some much-needed transparency into the industry with performance-based payments.

SaTT TokenUsing SaTT, it is possible for anybody to play the role of an online influencer and be compensated for the posts that they make on social networks, including Twitter, Facebook, Instagram & Youtube. As a project that is founded on the Ethereum blockchain network, all transaction on the platform is fully automated and transparent.

Advertising, as we know it, is a very important aspect for every business as it is a way for them to put themselves out there to the world in order to gain more recognition and eventually, patronisation.

The world of advertising has undergone different changes at different times. In the earlier days, adverting was done through traditional means such as billboards, handbills, and posters. Although these methods of advertising are still in use in today’s world, it is however no longer a secret that in this digital world, even advertising is going digital.

The most popular digital means of advertising is currently through social media. Social media platforms such as Facebook, Twitter, Instagram, and Youtube among many others are mostly used for advertising purposes because it is believed that the majority of the world’s population spend their time on these social networking platforms.

One way or the other, everyone has placed an advertisement on social media – consciously or unconsciously either by sharing their personal businesses or innocently sharing a post from a business page that they find interesting. The only downside to this, however, is that promoting content on your personal social network page is supposed to earn you some money because a client’s recommendation or fan exposure on social network is an invaluable resource for a company and they pay close attention to them.

How Does SaTT work?

Advertisers can list their advertising campaigns on the SaTT platform with the assurance of getting an effective result as the system is implementing an incentive-based approach which incentivises publishers that takes part in this advertising campaign which in return is beneficial to the advertisers as the advertisements will reach the correct audience that will engage with the post through this method.

A Product Already in Use

The platform is already fully functional as there are already listed advertising campaigns in which publishers can take part in and get rewarded in SaTT tokens. Although the platform is up and running with already working products, fundraising is, however, still ongoing for the sales of the SaTT token – the native cryptocurrency token of the platform.

Companies are already using the platform to generate turnover as the performance-based approach taken by the SaTT project has proved to be a very effective method so far. Publishers also have been making money from participating in advertising campaigns that are already listed on the platform.

Skilled and Experienced Team

Recently, the company announced the addition of the famous investor from Asia, Richard Wang, to their team, as an advisor. Richard Wang is a partner with Draper Dragon, a company that is known for investing in early-stage high growth China-centric technology companies and a subsidiary of Draper Venture Network.

With more than two decades of experience in business development, technical marketing, and sales management in high technology coupled with his outstanding background in finance, blockchain, and technological disruption, Richard Wang’s strategic presence on the board is expected to accelerate the company’s success in the Asian market.

Conclusion

The problem of not being able to monetise publications made on social media is one that has lingered for a very long time. With the SaTT solution, there will no longer be excuses for using social networks but not getting anything out of it as the platform was created with the sole purpose of giving publishers the kind of reward that they truly deserve.

Making use of the blockchain will further help in boosting confidence in publishers knowing that they definitely are going to be paid, given that their submissions have passed all verification processes as the entire system was built on a total automation system.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. 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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KoinKoin Launches Hybrid Digital Assets Exchange Services in Nigeria

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KoinKoin

The Nigerian blockchain and cryptocurrency community have been provided with another novel opportunity to derive value from the digital assets market. This opportunity has come in the form of “KoinKoin”, a hybrid cryptocurrency exchange.

KoinKoin allows users to participate in both peer to peer cryptocurrency trading services, as well as direct fiat to cryptocurrency exchange.

KoinKoin is headquartered in London, but on Thursday, June 04, 2020, the company announced that it has commenced full operations in Nigeria. This comes after an almost one year long beta testing experience and UAT. According to the announcement, crypto users in Nigeria can now enjoy full functionality on the platform in ways that suit their desires.

“KoinKoin’s digital asset exchange services are immediately available and users can readily make deposits and withdrawals with their Naira based credit and debit cards in purchase of BitCoin, Ethereum and LiteCoin.   KoinKoin’s digital asset exchange offers peer to peer exchange services as well as a direct fiat to cryptocurrency exchange”.

A Decentralised Social Commerce Marketplace

KoinKoinApart from offering exchange services for cryptocurrency users, KoinKoin has also delivered the first marketplace application underpinned by  Ethereum. This is a Social Commerce platform that is available to users on both Android and iOS. As a wholesaler or retailer, the KoinKoin Social Commerce platform gives you the opportunity to sell your products directly to your personal or social media network. 

Based on the Ethereum network, transactions on the KoinKoin Social Commerce platform are decentralized. It allows users across the various regions of Africa to trade among themselves without the limitations of foreign exchange. At the same time, such transactions help users to protect their privacy and promote the confidentiality of doing business.

Founder and CEO of KoinKoin, Ola Atose expresses his excitement at the launch of this product. He says: “I am truly excited about this launch and I deeply appreciate the KoinKoin team for all their hard work over the past months.”  

Atose and team are already looking ahead to delivering digital exchange services across Ghana, South Africa, Kenya, Tanzania and Uganda later on this year.

To learn more about KoinKoin, click here!

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. 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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