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Africa’s First Privacy Coin

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Cryptocurrency users are particular about their privacy and very few cryptocurrencies have been able to give them that privacy. However, an African cryptocurrency created to solve payment problems in Africa has sprung up to fill the gap. Ditcion whose New CEO, Emeka Tony, who is optimistic and excited about the new role announced the special plan the cryptocurrency has for the blockchain space.

Surprisingly, the crypto space has experienced a lot of change since the inception of Bitcoin in 2009.  Most cryptocurrencies are seeking ways to further enhance privacy and protecting each individual transaction and asset. What Ditcoin aims to achieve is a private, secured and untraceable transaction. CEO of Ditcoin Emeka Tony explains, “we have two offices one in Nigeria and one in Cameroon. In Nigeria, we focus more on project development, community building and asset management.” He is very optimistic and hopes that, “in a couple of months, we expect to see Ditcoin in coinmarketcap, Dit Refill, Ditpay, Airdrops, New exchangers and partnerships. The CEO is however positive that soonest, the coin will be listed in several exchanges such HBTC, Bitrex, Yobit, Binance and the rest.

DITCOIN is a privacy-based coin created on the Monero blockchain. Since the Monero (XMR) is an open-source cryptocurrency focused on privacy and decentralization that runs on Windows, macOS, Linux, Android, iOS, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.

The new CEO also has a few words for the users of the cryptocurrency. He says, “I want to use this medium to appreciate everyone who has bought into this vision and is still running with it. I pledge in my capacity as the new CEO to be a team player because together we can achieve great feats and make great impacts in this blockchain ecosystem.”

Ditcoin has other services to offer which include the DitPay module which is the world’s first “CryptoCurrency Powered e-commerce & Payment Processor”. It has been designed in a way that it can be expanded and scaled to a global level, thereby making payments using DitCoin seamless. This is a coin to look forward to and we hope it can create an impact on the cryptocurrency space.


You can get more information about Ditcoin on the following;

Website: https://ditcoin.io

GitHub: https://github.com/ditcoin/ditcoin-core

Chain explorer: https://chain.ditcoin.io

Telegram community/support group: https://t.me/ditcoin_support

Telegram Channel: t.me/ditcoin

Youtube: https://youtube.com/ditcoin

Facebook page: https://facebook.com/DitCoin

Bitcointalk: https://bitcointalk.org/index.php?topic=2357482

Internal trading platform: https://ditcoin.trade

Whitepaper: https://ditcoin.io/docs/whitepaper.pdf

 

What do you think about Ditcoin? Share your opinion with us in the comment section below.
Image credit: Pixabay

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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African banks Employ the  Blockchain Technology

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African financial institutions are beginning to see the potential of the blockchain. The blockchain lacks a centralised ledger for transactions and this allows for greater transparency and reduction in cost in all sorts of trades and other activities. However African banks are buying into the technology and some African banks are already utilizing the technology. One of South Africa’s biggest bank, Barclays Africa Group joined R3, a New York-based blockchain firm. The firm is a coalition of 45 firms and develops blockchain for the utility of global financial system.

 

Africa is relatively new to the blockchain space and unlike the banks of other countries in the world they are taking the blockchain technology in their strides. Although there are many regulatory hurdles on the way, speculation is that Kenya or South Africa will likely be the first to integrate the blockchain into its banks.

The South African Reserve Bank (SARB), South Africa’s Central Bank actually utilised Ethereum based platform, Quorum to test bank-to-bank payment transfers. The project Khokha was a collaboration of eight South African banks including Absa, Capitec, Discovery, FirstRand, Investec, Nedbank, SARB and Standard Bank. The blockchain project was to replicate South Africa’s current bank-to-bank payment platform, the South African Multiple Gross Operation Settlement System (SAMOS), using the blockchain technology.
Rwanda also got involved with the blockchain with the I&M Bank located in Rwanda together with Blockbonds announced that they are rolling out the SPENN. The  SPENN was the country’s first platform that would be based on the blockchain technology. The platform would enable Rwandans utilise the blockchsin application just like a mobile banking option and enable them make a range of financial transactions.

African Banks could benefit greatly from the blockchain it could help in streamlining their credit-scoring processes as well as make lending more efficient as well as make transactions faster and more transparent.

 

 

 

What do you think about banks employing the blockchain? Share your opinion with us in the comment section below.
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Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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Top Universities Offering Blockchain Courses

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The educational sector is known for being slow in adopting new technologies. Most often they take their time to study the technology, form committees, redesign the programs and by then the technology is already getting out of vogue. However, with the blockchain technology, while some institutions are sceptical about integrating the blockchain technology into their educational system, some other institutions are taking the bull by the horn. Here’s a list of top universities that have established themselves as an authority in the blockchain technology with courses, programs and certification.

UNIVERSITY OF NICOSIA

The University of Nicosia was the first university to accept Bitcoin as means of payment for tuition. UNIC was founded in 1980 and is the largest university in Cypress. Unlike other schools offering only conventional certification with a master’s degree, UNIC offers an online, 3-semester long master’s degree program.

PRINCETON UNIVERSITY

The Princeton University was founded before the American Revolution and is one of the oldest universities in America.
Princeton is putting it mark in the blockchain space and offering open courses on Coursera such as its Bitcoin and Cryptocurrency Technology program. Although it’s not a full program, it is still prestigious.

MIT

MIT has become an authority on blockchain technology, it is making its mark with the Media Lab’s Digital Currency Initiative. The Initiative aims to further development and awareness of the blockchain technology through research projects and support for blockchain groups.

CORNELL UNIVERSITY

Cornell University is one of the youngest Ivy schools dedicated to the most current modern technology. Cornell is offering the Cornell Blockchain, the project is supported by the Cornell’s Initiative for Cryptocurrencies and Contracts (IC3). The project will provide certification and education.

UNIVERSITY OF CALIFORNIA AT BERKELEY

The University of California at Berkeley has been ranked the best public research university in the US. The Blockchain course being offered at Berkeley is a student-led organization pioneering the blockchain technology in the university. Education, consulting and research in blockchain is offered by the students, alumni, and community members

Other top universities offering the blockchain technology include;

Duke University

Georgetown University

New York University

Royal Melbourne Institute of Technology (RMIT University)
Stanford University

The University of Illinois at Urbana-Champaign

 

 

 

 

What do you think about blockchain certification? Share your opinion with us in the comment section below.
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Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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Paxful Takes Charity to a Whole New Level

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Paxful is utilizing Bitcoin to reach the grassroot communities as well as create alternative funds for charities. The cryptocurrency exchange and marketplace had launched #BuiltWithBitcoin last year, Now, the exchange is partnering with Zam Zam Water, an International non-profit organization. The duo are planning to make a difference in the communities they are reaching out to.

Paxful has reached out to a lot of persons across Africa. The exchange has built water wells, about 100 schools and created support for agriculture across the continent. Ray Youssef, CEO and co-founder of Paxful explained that one of the key goals of the firm is to bring financial inclusion to the unbanked through bitcoin.  

Ray explained that #BuiltWithBitcoin is the next logical step the exchange is taking to help people around the world gain financial inclusion and access to critical financial resources. Paxful aims to make “a real and lasting difference” in the communities they are Working with through their partnership with Zam Zam waters.
Artur Schaback, Paxful CTO, and co-founder explains their plans and hope for  #BuiltwithBitcoin. He hopes it will be a model for charity in the crypto community. He explains, “The potential to make a difference is massive and we’re excited about the future of crypto-backed development.”

Paxful had already started a crowdfunding campaign along with the #BuiltWithBitcoin initiative. The campaign has been able to raise R1.3million which is needed to build a primary school in Rwanda. The initiative had earlier built a Nursery school in the country. The school which is the first #BuiltWithBitcoin project is located in Kasebigege Village in Bugesera District in Rwanda. Paxful had donated about R660,000 in bitcoin to aid in the construction of the nursery school in 2017. The initiative had also awarded about R200,000 worth of scholarships to female Afghan refugees to help them pursue their careers in the United States. This new partnership between Zam Zam and Paxful will bring a new life into charity.

 

 

 

What do you think about Paxful’s #BuiltWithBitcoin? Share your opinion with us in the comment section below.
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Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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Dash Tours Africa

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Dash is focused on winning Africa and the Dash Hub Africa team aims to make this possible. Recently, the team went on a roadshow visiting seven African countries Benin Republic, Cote d’Ivoire, Ethiopia, Kenya, Nigeria, Togo and Uganda. The roadshow which lasted for over 16 days was to promote Dash.  The aim of Dash is to create an awareness about their innovations and solutions to payment these countries may be facing as well as grow the Dash Ecosystem in the continent.

Dash Hub Africa explained the motivation behind the trip, “ So we went to speak [about] innovations and solutions to payment [methods that] Dash offers to these countries and grow [the] Dash Ecosystem in Africa.”  They also explained that the “trip intended to grow the Dash Network in a strategic method”.

What Dash intends to do is simply get existing crypto users to utilise Dash. It offers attractive features such as InstantSend, PrivateSend as well as a self-funding ecosystem. Asides offering its attractive payment options to these countries, Dash Hub team were able to utilize Dash in purchasing flight tickets through Cheapair.com as well as purchasing products from merchants and eating at restaurants.

The Dash Hub team were able to learn the adoption pattern of Africa through the roadshow. According to the team, “the key components to massive adoption … is education.” From Nigeria to Kenya down to Ethiopia, the team spent their time studying the successes and impact of the blockchain technology in the seven countries they visited. They also held conferences and intensive training for their ambassadors. Dash Hub Africa is an outreach funded by Dash treasury the team is contributing to the Dash Network by ensuring that awareness and adoption of Dash is made possible by ensuring crypto education in Africa is made possible.

 

What do you think about Dash? Share your opinion with us in the comment section below.
Image credit: pixabay,

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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