Crypto Africa Report: Taxation, New Crypto ATMs, and Increasing Interest

Crypto Africa Report: Taxation, New Crypto ATMs, and Increasing Interest


In the first of our periodic Crypto Africa reports, look at the latest stories that appear in one of the fastest growing crypto continents.

Virtual Crypto Expands in Africa

Israeli Finitech Company Virtual Crypto has signed a special distribution agreement with an African partner to sell its chain of point-of-sale systems with Cryptocurrency ATM across the continent. CEO of Virtual Crypto, Alon Dayan said, we believe that there will be more benefits in places like South Africa’s developing countries, where local economies experience instability. ”

23% of ‘High-Tech ‘ South Africans Own Cryptocurrency

In a study conducted by MBIT it was revealed that close to one-quarter of South Africans who are considered to be ‘high-tech consumers’ are invested in cryptocurrencies.  South Africans have the highest levels of interest in bitcoin in the world, according to Google trends data – a finding that bodes well for the continued adoption of virtual currencies both locally and across the continent.

Ghanaian Company to Develop Blockchain Based Mobile Payments Solution

Mazuma, with 26,000 accounts and already in the transaction, GHC is processing at 7,5-meter ($ 1,5 m), has entered the third phase of its ICO, which aims to use digital token to allow instant payment. Token, known as MAZ, will allow a transaction on the platform which is both immediate and free of any transaction fee. Long-term plans have to replace mobile funds with digital currencies.

Kenyan Company Receives $140,000 in Funding from Æternity

RideSafe, a Kenya Startup whose purpose is to provide health solutions to riders of ‘Boda Boda’. This is the easiest way for many Kenya to travel for the basic motorcycle – although it is in an industry that is irregular and risky for both riders and commuters.  According to Asiimwe Benson, the CEO of RideSafe, the funding will be utilized to serve riders nationally through building capacity and creating secure technical support.


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