Bolt– a mobile entertainment company based in Germany, has recently partnered with Blockchain Association of Kenya for cryptocurrency education. this partnership seeks to bring  more awareness (education) about blockchain to the people of Kenya.

Bolt is a mobile only entertainment service which seeks to reward over 6 billion people for content creation. The company offers live channels, videos and games. With bolt, users can either stream content in-browers or download via the mobile apps on Playstore and Appstore.

Following the partnership with the Blockchain Association of Kenya, Kenya becomes the first country in Africa to be on the Bolt platform. One of the major reasons for this partnership is to foster Cryptocurrency Education within the country.

According to Michael Kimani, who is the Chairman of Blockchain Association of Kenya, “Education is a core theme in our 2019 strategy. We want to make an impact on how our young Kenyans can harness the Potential of Blockchain and address some of the Challenges of youth unemployment facing Kenya today”

With this great feat, the Blockchain community in Nigeria looks forward to a possible integration as part of this laudable project.

Less than a year ago, Estonia introduced licensing for cryptocurrency related companies operating in the country. The Northern Europe country is among the first countries in the European Union to formally legalize cryptocurrencies. However, less than a year since the country regulated the sector, it has issued more than 900 licenses. Estonia has adopted a regulation that is crypto friendly. Citizens can file their company in less than an hour on the website of the Estonian government.

A local law firm, Njord, which works with the cryptocurrency sector, recently published an overview regarding crypto licenses in Estonia. Nikolay Demchuk who works with the firm reported that obtaining a license is a quick and easy process. However, it takes about two weeks to get approval. Estonia grants two different types of licenses. Businesses are however required to meet up with some basic terms and conditions which includes, know-your-customer and anti-money laundering regulations. The license is issued by the Estonian Financial Intelligence Unit (FIU). The regulatory body reviews each application within 30 days and grants approval within a period of one or two weeks. Also, a company can have its license revoked if the company has not started operations within six months of receiving it.

The FIU has issued around 500 licenses to companies operating cryptocurrency exchange platforms and over 400 licenses to cryptocurrency wallet providers. Crypto related companies registered in Estonia can operate legally in the EU. Licensed companies are also required to adhere to the local and European laws.

Despite the favourable regulatory environment, Nikolay Demchuk revealed, “Opening a bank account is the biggest problem facing crypto companies. Estonian banks are not yet ready to serve clients operating with cryptocurrency.” Since access to regular banking services remains restricted to Estonian fintech businesses, many of these companies are now seeking services from foreign banks and payment providers.

What do you think about Estonia creating an enabling environment for crypto businesses with crypto friendly regulations? Share your opinion with us in the comment section below.

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More traders in the West are yearning for discounted transaction fees, this synergy between Huobi and Gemini will offer the Western markets reduced transaction fees with Huobi’s OTC or Huobi PRO.

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding blockchain and 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.

GreenHouse lab, Nigeria’s first female focused tech accelerator program, set to launch “Demochella”, a demo day where each companies get to pitch the various problems aimed at solving. The launch is set to happen on 17th Nov, 2018 at Vibranium Vally in Ikeja, Lagos, Nigeria, with prominent venture capitalist.

About Greenhouse Lab

Greenhouse lab is a group of five female lead companies comprising “Bitmama”, “Bankly”, “AMPZ”, “Allpro” and “Nicademia” each with different problems they aim at solving.

 Bitmama is a crypto-fiat exchange that allows customers and trader to buy and sell Bitcoin, Ethereum and other digital currencies in Africa while also offering institutions and professional the ability to trade a variety of digital currencies on a regulated exchange.

Bankly is a global based digital saving and peer to peer transfer product that allows users fund their wallet using tokens available on Bankly vouchers nationwide in a recharge to save model.

AMPZ is an online media platform that connect the Africa sport ecosystem from grassroots using mobile and web technology with aim to bring Africa 928 million sports enthusiasts together.

Allpro is an end-to-end lending platform for schools in Nigeria. Allpro’s solution underwrites credit risks for lenders while making financial-access easy for various users in the school ecosystem including school owners, parents and teachers.

Nicademia is a video streaming and content distribution animation company for promoting the culture and languages of Nigeria and other African countries with the mission to prevent the extinction of Nigeria and Africa languages as well as create market for Africa Animation.

The main discussions will be focused at each company pitching the various problems they aim at solving and unleashing the potential of Africa. This with no doubt is a remarkable feat as it will cause a great deal of diversity and a great thing that women are getting involved.

The more problem solved, the more impact is being made. So if you are in the neighborhood, join in by registering for free here