Sovereign Frontier

This episode features George Mosomi, Head of Unstoppable Domains Africa. He is passionate about the ability of Africans to take advantage of information technology and own their digital identity. Unstoppable domains aim to make sure that every individual on the African content and Worldwide claims their digital Identity  

George talks about how Africans now have the chance to leapfrog technology in terms of using Web3 as a service and having more accountability, having more ownership of data and that's where unstoppable domains come into play. 

His vision for the continent is to make sure that in the next couple of years, all users on the continent will have the ability to control their data as they see fit. They will have the ability to give and restrict data about themselves

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The bankless Africa show highlights projects, ecosystems and people making impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

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Twitter GeorgeMosomi.nft (@GMosomi) / Twitter

unstoppable Domain : www.unstoppabledomains.com

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Binance is foreseeing Crypto adoption Increase !⚖️

Binance is foreseeing a massive jump in adoption rates across Africa and in sounding off last year, Binance held an end-of-year party in December of 2022 in Lagos, where the CEO  said that the organization had experienced massive growth over the course of the past year. 

Morocco has now finalized Crypto Laws 📏

Morocco finalizes crypto laws and frameworks with the World Bank and IMF suggestions. The Central Bank says the nation of Morocco has for a while now been on the path of crypto adoption and that it will be introducing a new set of laws that will govern the activities of the cryptocurrency sector. 

Akon accelerates plans to build his crypto city!🦥

Despite the problems he has been incurring, celebrity African musician Akon has announced that he would be going forward with plans to build the crypto part city in Senegal. The place will be named Akon City and will be powered by the native token, AKOIN  

Bank of Ghana promotes innovation!

The Bank of Ghana is launching a series of regulatory reforms that will transform the financial services sector of Ghana. It already has a Fintech Innovation Office in place that oversees the activities of Fintechs and ensures compliance with financial regulatory laws 

++  More🎉💯

Roku gets a European Union virtual currency license. Roku currency exchange was recently granted this license, given it permission to legally carry out its operations in 28 European countries. Roku is one of the few digital asset exchange platforms from Africa to establish a foothold in Europe.

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If you enjoyed this episode, please leave us a rating/review.

Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the in

dividuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

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2023 is here! 🎉

Happy new year🥂🥂

But, it won’t be a great transition if we don’t nourish you with all the interesting crypto news that happened in the last 2 weeks of 2022. So here you go. Enjoy listening😉🤩

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa

Crypto is on the radar of Nigerian lawmakers!⚖️

The Chairman of the House of Representatives Committee on Capital Markets and Institutions in Nigeria has announced that the chamber will soon pass an amendment to the Investments and Securities Act, 2007 Bill, which will allow for the official recognition of crypto and other digital assets by the Securities Exchange Commission (SEC). Previously, the Central Bank of Nigeria had mandated that banks and other financial institutions close all accounts belonging to entities operating crypto exchanges, stating that dealing with crypto and facilitating payments through it was illegal

Africa rules the P-to-P crypto realm📏

 Africa has become the largest bitcoin peer-to-peer trader in terms of volume, surpassing North America, with over $18 million in local bitcoin trades. Nigeria ranks first in Africa and 11th globally in terms of cryptocurrency adoption. 

Sango coin delayed!🦥

The Central African Republic has also launched its own cryptocurrency project, called "Sango," though its initial public offering had a low turnout and plans to list the token on crypto exchanges have been delayed until 2023

Web3 Gaming to Africa!🕹️🎮

 African blockchain gaming startup Gamic is collaborating with Polygon to increase accessibility and benefits of web3 gaming for those in Africa and beyond

++  More🎉💯

A recent study estimates that there are at least 55.3 million cryptocurrency holders in Africa, with Nigeria, Kenya, and South Africa home to the majority. Bitcoin has had its second worst yearly performance since 2011, ending the year down by 65%.

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research.

Follow our Twitter https://twitter.com/Bankless_Africa

Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

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Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Starting off with Morrocco, The Mohammed VI Polytechnic University (UM6P) in Morocco held an event called the "1337 Metaverse Day" in partnership with Meta to promote the growing metaverse and Web3 technology. The event featured experts from Meta and other leading blockchain, NFT, and VR companies. The Head of Public Policy and Regulatory Affairs at Meta, Hanane Boujemi, stated that this event marks the beginning of a potential partnership between Meta and UM6P students.

In Nigeria, the Central Bank (CBN) has implemented a cashless policy that limits individuals to withdrawing N500,000 ($222) per week and N20,000 ($44) per day at ATMs, with a 5% processing fee for exceeding the limit. Corporates are limited to N3,000,000 ($1,111) with a 10% processing fee for exceeding the limit. This policy will take effect on January 9, 2023. The CBN is encouraging Nigerians to adopt cashless money and warns of severe repercussions for those who violate the policy.

AAX, a Hong Kong-based crypto corporation, suspended withdrawals for users following an incident where Nigerian users stormed the Lagos offices and assaulted employees. This came after the Nigerian crypto and blockchain advocacy group SIBAN asked them not to do so. The sudden resignation of the platform's vice president, Ben Caselin, has fueled speculation that the exchange may not resume operations. 

In South Africa, the Bitcoin Ekasi Scheme is using bitcoin to compensate instructors who teach surfing on the beach as a way to popularize the use of bitcoin and encourage adoption. 

In the web3 space, art has gained prominence with the increasing popularity of NFTs and related projects. One such project is the "Crypto Art for Social Impact" auction, which will feature art from various artists and all proceeds will be donated to the World Wildlife Fund.

These and more in this episode of Sats & Gwei. Stay updated👍.

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the in

dividuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Cryptocurrency adoption continues to grow in Africa, but some countries have banned its use due to concerns about safety and legality. In many cases, these fears stem from a lack of regulatory policies in the industry. An October 2022 report by the International Monetary Fund (IMF) showed that at least two-thirds of African countries have some form of restriction or policy in place regarding cryptocurrency.

Meanwhile, The Nigerian government is currently reviewing its taxation policies and plans to permit the taxation of cryptocurrency transactions through new provisions in its finance bill. There are currently six countries, including two African countries, that levy taxes on transactions involving digital assets.

The Africa Bitcoin conference recently took place in Ghana, with speakers discussing the potential for Bitcoin to provide a common currency that is free from traditional systems of control. Farida Nabourema, the Director of Togolese Civil Aid, argued that Bitcoin could offer easy access to funding and easier international trading. CEO of Bitnob, Bernard Parah, added that independent financing and development cannot occur without an independently functioning currency.

In partnership with Paxful, the Africa Bitcoin conference has created a training center in Kumasi to educate individuals on the current and potential use cases of Bitcoin. Gridless, a company that builds, designs, and operates Bitcoin mining sites alongside small-scale renewable energy producers in rural Africa, has secured a $2 million seed investment round to help accelerate growth in the sector and distribute and secure the Bitcoin network.

Bitcoin company Strike announced a strategic partnership with Bitnob at the conference. Bitnob is a platform that allows users to send and receive money instantly from any app with Bitcoin support, and the partnership will take advantage of the Lightning Network on Bitcoin. Strike's "Send Globally" feature is currently available in Nigeria, Ghana, and Kenya. Remittance is a major source of foreign exchange for countries in Africa, with Nigeria's recorded remittances contributing more to their GDP than oil. However, a significant portion of these funds is lost in fees.

These and more in this episode of Sats & Gwei. Stay updated👍.

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the in

dividuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

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Learn more about crypto and web 3 on our website https://banklessafrica.com/

The future of events is web3. Meet our Guests for this episode, Israelrex, and Cisco, who are building a native web3 event management platform. 

Israel is the co-founder of Spacevent and also a contributor in BanklessDAO and AragonDAO. According to him, these DAO communities boost his Web3 journey. Israel has been particularly curious about web3 since getting to know about Bitcoin. His co-founder and friend, Cisco joined BanklessDAO in May 2022 where he learned a lot about the web3 space. 

Spacevent was born out of the need to have a web3 native platform for crypto events. The team wanted to create a platform that freed people from the shackles of having to pay for events with their credit/debit cards and all the pain points that comes with web2 payment systems. 

Being African, they are sometimes blocked and limited from using normal banking services such as credit/debit cards to pay for events. Spacevents aims to change this forever, providing a crypto-native platform that empowers everyone to attend any event anywhere in the world without payment issues.

Essentially,  Spacevent is a Web3 event management and ticketing platform that enables anybody to make, share, locate and attend events anywhere in the world.

With the passing of each year, we have come to realize that web3 enhances festivals and events through the application of blockchain techs such as POAPs, NFTs, Soul-bound tokens, and more. Spacevents aims to build a platform that gives event creators the ability to enhance event experiences through web3 while giving event attendees a better and easy way of searching, applying, and attending events both virtually and in-person.

Website: spacevents.xyz 

Spacevent Twitter: @spaceventsxyz

Israel Twitter: israelrex9

If you enjoyed this episode, please leave us a rating/review.

The Bankless Africa show highlights projects, ecosystems, and people making an impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR). 

Follow our Twitter https://twitter.com/Bankless_Africa 

Follow us on instagram https://www.instagram.com/bankless_africa/

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/ 

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

African tech startups continue to push the limits in the African blockchain space, with Ejara completing its most recent $8million funding round to facilitate the building of its service which allows users to buy, sell and trade crypto through non-custodial wallets - meaning users own keys to their wallets!

South Africa is officially regulating cryptocurrency exchanges through the use of fiscal policies that will involve KYC procedures for doxxing these organizations and verifying customer ID documents. Also trending is the recently launched GetPaid platform built by Clickpesa on the stellar blockchain network geared towards improving the earning ability of freelancers, traders and creatives in Africa.

Headlining the crypto learning and earning space in the past week is the Mercy Corps and Fonbnk with combined efforts geared towards promoting web 3 inclusion and exploring earning opportunities in the space. Also, headlining in the web3 inclusion and advocacy space is Binance, via its recently held economic summit in Nigeria which was focused on making decentralized economies more accessible to the ordinary person. 

To catch up on the impacts Binance and its partner companies have effected, check out these two episodes in the series featuring Emmanuel Babalola, CEO of Bundle, a Binance subsidiary

https://open.spotify.com/episode/2QTt3MzaeylpNGkftyMjXm?si=Mfhn8UWXRVmuQWkigib_yg&utm_source=copy-link

https://open.spotify.com/episode/68HyMDWOf8eHvUf97YrWdD?si=9KYrV67oSuKaJPor76Rrcg&utm_source=copy-link

Amidst the bearing claws of the SEC and Central Bank on Nigerian cryptocurrency startups, and the recent Quidax layoff of a significant portion of its workforce, news worth celebrating is the partnership between Afropolitan, first-ever digital nation set to empower & encourage Africans in the building of abundant lives and , the NEAR protocol.This collaboration will give Afropolitan creatives access to the support and network of thousands of creators from within the protocol 

GetPaid: https://getpaid.africa/

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Follow our Twitter https://twitter.com/Bankless_Africa

Follow us on instagram https://www.instagram.com/invites/contact/?i=4zmo4lqcj8rr&utm_content=n74dwjo

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A lot of us have come across the FTX debacle already, those who held positions of leadership in organisations that had relationships with them are now left with the unimaginable, heavy task of informing their teams of the ever evolving situation. 

When asked if he will still participate in the crypto space after all this, FarooQ’s response is a passionate yes, reminding us that there is a bigger mission with crypto that cannot be forgotten. The proven potential of blockchain technology goes beyond making copious amounts of money, or at least, it should. A situation such as this should not deter developers, creators and investors from the entire industry, but rather demand of us a different and intentional attitude.

FarooQ reminds us that a project like FTX gave many of us access to ample opportunities such as global stock market investing, an opportunity that is often inaccessible to those with African identification documents. What they did should serve as a turning point, a reminder that we still need solutions, transparent solutions that we can verify, beyond simply trusting. The mission is to be Bankless, to embrace technology and to become the leaders of a new & liberated Africa.

If you enjoyed this episode, please leave us a rating or leave a review, let us know how we can keep giving you episodes you love to listen to.

The Bankless Africa show highlights projects, ecosystems, and people making an impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR). 

Follow our Twitter https://twitter.com/Bankless_Africa 

Follow us on instagram https://www.instagram.com/bankless_africa/

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/ 

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Crypto never sleeps, it’s been another lively week filled with activities. 

Some organizations such as the IMF are trying to leverage the FTX collapse to push for more crypto regulation across Africa. It’s time to regulate - they say! While some are calling for more regulation, other organizations such as South African exchange Luno, says it has not been affected by the collapse of FTX, even as its sister company Genesis Global Capital faces potential liquidity pressures - Luno uses Genesis for its savings wallet. 

Kenya delves into taxing crypto transactions - Plans are underway in Kenya to amend the capital markets law, which will see an introduction of a 20% excise tax on every crypto transaction fee, this move is seen widely as a potentially ineffective strategy to reduce foreign borrowing through the expansion of the domestic tax net.

Should the bill be approved by the Kenyan Parliament, Kenyans will be subject to capital gains tax or income tax to be remitted to the Kenya Revenue Authority for the sale and/or use of crypto.

Crypto Hub Africa has announced its plans to launch the African Crypto Giants awards. This award will serve as a platform to recognize the efforts of innovators and builders who have worked relentlessly to advocate blockchain education in Africa, as well as create amazing products and services that have helped revolutionize the African digital economy. 

All these and more in this episode. Do enjoy.

Thank you for tuning in.

If you enjoyed this episode, please leave us a rating/review.

Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

Access to e-commerce is a basic thing for some, but a sorely needed one for many others. 

Peter Alfred-Adekeye created Boom to offer an opening to a world of global trade, reinventing the current markets that small & large businesses have access to. In the creation of Boom, he drew on his knowledge of blockchain technology, particularly with the Pingsta intellectual network.

In the episode, he talks about the evolution of technology, how it has impacted the West, leaving Africa behind to learn what everyone else had already been doing. 

Adopting the mindset that allows one to participate in an innovation such as this will take time, but in the same manner that Peter and his team at Boom were willing to spend a decade building and curating what Boom would be about, patience is key to their success.

To learn more about boom, you can visit their website or follow them on Twitter.

You can download the app here: https://apps.apple.com/app/boom-e-commerce-no-banking/id1640059552

What Boom is bringing to the world is the chance at Bankless Commerce!

From the Marketplace, the Wallet, the Messaging App and their Social App, this public Beta phase will determine the extent to which they roll out each of the 4 rungs of Boom, within the next phase of their growth.

If you enjoyed this episode, please leave us a rating or leave a review, let us know how we can keep giving you episodes you love to listen to.

The Bankless Africa show highlights projects, ecosystems, and people making an impact and driving crypto adoption across Africa. Get informed on all things bitcoin, Defi, NFTs, web3, and everything in-between.

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research (DYOR). 

Follow our Twitter https://twitter.com/Bankless_Africa 

Follow us on instagram https://www.instagram.com/bankless_africa/

Subscribe to our newsletter https://banklessafrica.substack.com/

Learn more about crypto and web 3 on our website https://banklessafrica.com/