Africa's various currency crises illustrate why cryptocurrency innovation shouldn't be stifled, says economic analyst Terence Zimwara.
Despite bitcoin's price volatility in 2018, P2P exchanges Paxful and LocalBitcoins each saw significant user growth in Africa.
Unlike its parent company, Binance Uganda handles fiat currency (in partnership with a local mobile payment provider) and requires full customer ID.
Binance sees stablecoins like tether, and potentially the Gemini Dollar, as "critical for our ecosystem," the exchange's chief financial officer says.
The Rwandan government has turned to blockchain to track tantalum, a metal used in consumer electronics and often associated with conflict zones.
The U.N. World Food Programme plans to test blockchain for tracking food delivery in East Africa, following a refugee aid pilot in Jordan.
Few cryptocurrency projects are evangelizing in emerging markets as aggressively as dash, giving $2.3 million to communities in the developing world.
Paxful says business is surging in developing nations, where mobile phones are abundant and cheap, but access to exchange platforms remains scarce.
South Africa startup Wala is using microraiden for high volume, low-value, off-chain ethereum transactions. And people are using it in the thousands.
Ethiopia is exploring the use of blockchain technology to track the supply chain for its largest export, coffee.
