Blockchain awareness in Africa is on the rise as governments and stakeholders are collaborating to enhance proper understanding and education on the fundamentals and implementation of the technology.
On Aug. 4, the Central Bank of Nigeria (CBN) published a notice inviting stakeholders to a meeting where they will discuss “Virtual currencies as a medium of exchange in Nigeria.”
The notice reads:
“The Central Bank of Nigeria has commissioned a study on ‘Virtual Currency as an Emerging Medium of Exchange.’ To achieve the objectives of the study, there is need for stakeholders meeting to brainstorm and exchange ideas with a view to gathering relevant information on the nature, scope and dynamics of virtual currency operations in Nigeria. This would provide input into the report of the committee.”
The meeting is slated to be held on Aug. 10 at the CBN Headquarters Auditorium in the nation’s capital.
The invitation specifically requests the participation of industry leaders in areas of virtual currency operations such as exchanges, wallet providers, miners, software developers and individual investors.
Incidentally, this event comes up just days before the first Blockchain conference in Nigeria which is hosted by Blockchain Nigeria User Group and Blockchain Education Network (Nigeria).
According to the Coordinator of Blockchain Nigeria User Group, Chimezie Chuta:
"The Conference will bring together enthusiasts, practitioners, entrepreneurs, startups and software developers playing in the Blockchain and Virtual Currency community, under one roof.”
Chuta says that the purpose of the conference is to spur a wave of startups in the Blockchain and Digital Currency ecosystem in Nigeria and also enable organizations that are interested in leveraging digital currency revolution as an alternative in an economy struggling to get out of recession.
Nigeria appears eager to embrace Blockchain technology in order to spur its own technological and economic development. The conference will feature experts such as:
The Central Bank Nigeria's (CBN) Committee on "The Study of Virtual Currency as an Emerging Medium of Exchange" will participate as panelists and observers.
Bitcoin Cash Hashrate Represents Nearly 10% of the Bitcoin Network
Cryptocurrency miners have ignored Bitcoin Cash for a long time. That is only normal, as the currency wasnât profitable by any means. Now that things are turning around, BCH is quickly getting more
Revain Deploys Blockchain to Improve User Reviews of Products, Services and Businesses
Revain, an Ethereum blockchain-based platform, rewards users for providing feedback on products, services and businesses. By using blockchain technology and artificial intelligence, Revain is designed
Indorse Utilizes Ethereum to Improve Social Networks and Online Reputation
Blockchain technology finally provides the tool that can allow social networks to reward users for their network contributions and at the same time give them complete control of how their personal dat
Bitcoin Price Weekly Analysis â Can BTC/USD Hold This
Bitcoin price failed to move above the $4475 level against the US Dollar, and BTC/USD is now trading near a major support area. Bitcoin price made a good ground this past week above $4000 against
Ethereum Price Technical Analysis – ETH/USD Remains Supported
Ethereum price corrected lower against the US Dollar and Bitcoin, but ETH/USD remains supported above $294 for more gains. Yesterday, we saw a decent rise in ETH price above the $302 level against
Bitcoin Cash Price Weekly Analysis â BCH/USD Monstrous Ride
Bitcoin cash price climbed higher sharply above $900 against the US Dollar. BCH/USD is currently in a monster uptrend, looking for more gains. The past two days were amazing for BCH price as it
Ethereum Price Weekly Analysis â Can ETH/USD Make It?
Ethereum price is consolidating in the bullish zone against the US Dollar and Bitcoin. ETH/USD must clear $317 for a new monthly high. This past week was mostly neutral for ETH price as it
Binance Announces a Platform Upgrade, to Introduce New Features
Binance is one of a kind cryptocurrency trading platform, created by genuine digital asset lovers led by Zhao Changpeng. The platform, having made a name for itself for the quality services is now