Category Archives: Innovation
Cryptocurrency transactions in Africa are increasing. Virtual currency offers advantages for a young, tech-savvy population on a continent that already embraces mobile money.
Monthly cryptocurrency transfers to and from Africa of under ten thousand dollars- typically made by individuals and small businesses – jumped more than fifty-five percent last year to reach $316 million, according to data from the U.S. blockchain research firm chainalysis.
From Washington, DC, I am joined by Mussie Haile, CEO and founder of Moya Technologies Inc, and Balaji Onibudo, Founder and President of Xendbit, a fintech company based in Lagos, Nigeria.
Analysts say the fight against cybercrime requires a cohesive and coordinated approach because the potential for internet abuse in Africa is very high. The FBI says cybercrime has increased by over 400 percent since the coronavirus was declared as a pandemic by the world health organization over a year ago. Joining me to talk about cybercrime are two cybersecurity analysts. Adedoyin Adedeji, a tech entrepreneur, based in Lagos, Nigeria, and Nebiyou Tilahun, a cybersecurity expert based in Washington, DC.