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Central African Republic To Create Its Own Digital Currency After Becoming The First To Adopt Bitcoin In Africa

In April, the Central African Republic became the first in the continent to adopt Bitcoin. Now, the country has its own digital currency in the works, according to Bloomberg.

Ngozi Nwanji

Jul 6, 2022

Someone Just Paid $450K To Live Next To Snoop Dogg...In A Virtual World

Snoop Dogg and non-fungible tokens (NFTs) are starting to go hand in hand. As the world continues to catch on to the latest crypto craze, more and more people are ready to put their money where their mouth is. Previously, AfroTech reported that entertainers like Future and Steve Harvey had joined in on the fun by changing their Twitter Aviators to digitized characters as they get hip to all things relating to NFTs. Now, people are taking things a step further by using the form of currency to go as far as purchasing land!

Shanique Yates

Dec 7, 2021

Jack Dorsey Talks The Power Of Bitcoin With Cryptocurrency Experts

Cryptocurrency is still on the rise, especially the most notable of them all: Bitcoin. AfroTech previously reported on the basics of digital currency and debunked some myths about the growing market, and we’ll even explore this topic further at AfroTech 2021. View this post on Instagram A post shared by AfroTech ( Cryptocurrency expert Isaiah Jackson, author of “Bitcoin & Black America” and co-host of “The Gentlemen of Crypto,” is a huge advocate for bitcoin education, especially in the Black community. With nearly 19,000 subscribers, his YouTube show is a daily live stream that discusses Bitcoin and the cryptocurrency market from the lens of two Black men who are Certified Bitcoin Professionals. One of “The Gentlemen of Crypto’s” core values is bridging cryptocurrency and the community, its website reads. “We cannot miss, in my opinion, the biggest financial revolution of our lifetime,” Jackson told AT about Black people getting educated on bitcoin. “And we can’t be left...

Michelai Graham

Nov 5, 2021

Could Amazon Soon Accept Cryptocurrency As Payment? Speculation Sends Bitcoin Surging

An Amazon job posting has led to a chain reaction that has resulted in the biggest Bitcoin surge in the past month. According to the BBC, Amazon’s corporate website recently posted a job that was in search of “a digital currency and blockchain product lead.” The job description involved observing how customers of the shipping giant pay for their goods. This led to speculation that cryptocurrency would soon be accepted as a form of payment on the site. And this speculation was further fueled by a tip leaked by an anonymous source to the British newspaper City A.M. “This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future—this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work,” the source said to the outlet. The source also said that Bitcoin would be the first cryptocurrency to be accepted on the platform, and that other cryptocurrency denominations — including Ethereum, Cardano, and...

Ghana Is Launching A New Digital Currency Called The E-Cedi – Here's What You Need To Know

Ghana has just announced that it’s launching a new digital currency called the e-cedi. But this isn’t like your typical cryptocurrency — this is actually something quite different. According to Dr. Ernest Addison, the governor of the country’s central bank, the new proposed digital currency will go into effect after three pilot stages confirm it to be a positive thing to introduce into the local economy. “The Bank of Ghana was one of the first African Central Banks to declare that we were working on a digital currency looking at the concept of an e-cedi,” Dr. Addison said at a news conference in Accra. Currently, the e-cedi has completed the first phase of the process where the design has been made and finalized by a centralized committee. Right now, the digital currency is in a limited implementation phase, meaning that some online transactions will accept the digital currency if it’s applied to the payment. Dr. Addision said that the Central Bank of Ghana will then determine,...