Vietnam’s crypto adoption: Factors driving growth in Southeast Asia
Vietnam has the highest crypto adoption rate in the world. There are numerous factors driving the trend. Go to Source Powered by WPeMatico
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What the Taliban crackdown means for crypto’s future in Afghanistan
The Taliban have finally banned crypto in Afghanistan, but many users and traders call it one of the “worst” decisions taken by the government so far. Go to Source Powered by WPeMatico
Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases
The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is directed to “real world” use cases. Among these activities are remittances, stablecoin-based yield generating investment options, and also payments, with Bitso and Mercado Bitcoin being … Read more
Nigerian Currency Plunges to New All Time Low — Central Bank Blames Speculators
The Nigerian central bank has accused currency speculators of being behind the local currency’s recent plunge to a new all-time low of N710 against the greenback. The leader of a Nigerian association of bureau de change operators insisted crypto trading may be to blame for the naira’s recent plunge in value. Nigerians Converting to USD … Read more
FOMO Pay taps Ripple’s liquidity solution for treasury management
Ripple has continued to see adoption for its remittance technology from private institutions despite the ongoing lawsuit in the U.S. Go to Source Powered by WPeMatico
FTX CEO Sam Bankman-Fried Believes Crypto Will Thrive in Latam
Sam Bankman-Fried, CEO of FTX, believes that the future of crypto is bright in Latam. In a recent interview, Bankman-Fried recognized the rising adoption and demand that cryptocurrencies are experiencing in Latam, stating that use is expected to grow for remittances and payments in the future. Sam Bankman-Fried Talks Crypto in Latam Latam is one … Read more
Cryptocurrencies a ‘Good Alternative to Traditional Settlement Processes’ — Study
Cryptocurrencies can be a good alternative to conventional settlement processes because they are underpinned by blockchain technology which enables the instant finalization of transactions without the involvement of intermediaries, a new report has said. Some players in the cross-border money transfer industry perceive the blockchain and cryptocurrencies as technologies that can enhance remittance processes. Cryptocurrencies … Read more
Technicals suggest Bitcoin is still far from ideal for daily payments
Even with the rise of layer-2 solutions, many experts believe Bitcoin may have missed the boat as a currency for day-to-day remittances go. Go to Source Powered by WPeMatico
UN Report: Venezuela Ranks Third Among Countries With Most Crypto Adoption
Venezuela, one of the first countries in Latam to be considered “crypto-friendly” by some standards, has ranked third in adoption rates, according to a report issued by the United Nations. The report, issued last month, states that the cryptocurrency ecosystem has grown by 2,300% between September 2019 and June 2021, and that the Covid-19 pandemic … Read more
Kenya Has Highest Proportion of Crypto Owning Citizens in Africa UNCTAD Data Shows
The latest data from the United Nations Conference on Trade and Development (UNCTAD) suggest that Kenya has the highest proportion of crypto-owning inhabitants than any other African country. To counter the growing use of cryptocurrencies, UNCTAD said it recommends the imposition of taxes that discourages crypto trading. ‘A Way to Protect Household Savings’ According to … Read more
