Over the first week in the month of June a lot has happened in the cryptocurrency and blockchain space in Africa. We present to you some news highlights recorded in the first week of June 2020.
Electroneum Plans to introduce Electricity Top-up in Four African countries
Electroneum, a British based blockchain digital payment project will be launching an in-app electricity top-up feature in four African countries – Nigeria, Senegal, Mali and The Gambia. ETN app users in these countries will be able to top-up their electricity meters directly from the app by paying with ETN tokens.
Cryptocurrency Exchange KoinKoin Announces Launch in Nigeria
A London-based crypto exchange KoinKoin announced the official launch of its exchange and cryptocurrency trading services in Nigeria on Thursday 4th of June 2020 after over a year of beta testing. KoinKoin users can make deposits and withdrawals with their Naira based credit and debit cards. KoinKoin also has a social commerce market-place application available to both android and iOS users.
Cryptocurrency Exchange Yellow Card expands operations to South Africa and Botswana
Yellow Card a popular cryptocurrency exchange in Nigeria is expanding to South Africa and Botswana. Yellow Card will be going live with support for Botswana Pula (BWP) and South African Rand (ZAR). With this expansion Yellow Card users will be able to buy and sell Bitcoin with multiple currencies like the South Africans Rand (ZAR) and Botswana’s Pula (BWP). This expansion will give Botswana its first and only cryptocurrency exchange.
Jamborow Raises $400,000 from its Shareholders ahead of its Launch in Nigeria
Jamborow is Africa’s first B2B AI and Blockchain driven fintech platform focused on bringing financial inclusion to the unbanked population and people in the grassroots. The Jamborow ecosystem uses blockchain technology to help those in the grassroots to use immutable ledgers to save and transact. Ahead of its Launch in late June in Nigeria the Fintech start-up was able to raise $400,000 from its shareholders.
Sun Exchange Secures $3 million Investment to Close Series-A Funding
Sun Exchange, a South African blockchain peer-to-peer renewable energy platform has secured a $3 million (~ ZAR 50 million) investment from ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARPF), thereby marking an end of their $4 million (~ ZAR 67 million) Series-A funding round. This was contained in a statement on their blog. Sun Exchange allows international clients to buy solar cells with Bitcoin or South African Rand and then lease them to power businesses and organisations in emerging markets.