Stablecoin adoption is rising across Africa as individuals and businesses search for faster cross-border payments and protection from rising prices. Speaking at the World Economic Forum in Davos, economist Vera Songwe said stablecoins are filling gaps left by costly remittance systems and weak local currencies. Growing usage is also drawing closer attention from regulators across the continent.
When Bitget joins UNICEF, it's the blockchain that arrives at school! A global educational crypto invasion to turn female gamers into blockchain coders.
In the already tumultuous galaxy of Elon Musk, a star named Grok has just made a notable swerve. The AI chatbot of the South African-American billionaire, meant to embody an anti-woke alternative to ChatGPT, has recently distinguished itself with unexpected responses. To unrelated questions, Grok has repeatedly brought up – unsolicited – an alleged "white genocide" in South Africa. Is this a bug, a bias, or a programmed ideological impulse? The boundary is becoming blurred.
The Algerian economy shines on the continent, driven by its oil and gas sector and judicious reforms.
The possibility of a common currency for the BRICS has been making headlines for several months. The latest news is that three out of the five member countries of the organization are particularly ready for the realization of this revolutionary monetary option from a geopolitical point of view. Here's which ones.
It's a done deal. China now uses the yuan more than the dollar in its international trade. A requiem for the imperial currency.
Nine countries led by Iran launch an alternative to the SWIFT network. Simultaneously, BRICS discusses the end of the dollar in Cape Town.