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Mosque accepts Bitcoin for Ramadan Donations

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This Ramadan will be a special one for Muslims who own Bitcoins as a Mosque in the UK is now the first to accept cryptocurrency donations. Cryptocurrencies are acceptable in the sight of Allah Religious advisers at the Masjid Ramadan in Dalston, east London declared. They also said that  the currency is halal (permissible) if it is “transacted in a lawful manner”. Zayd al Khair, a religious adviser at the mosque, explains why cryptocurrencies are acceptable saying,

“Guidance is about the value which it represents.  If money is transacted in a lawful manner then it is halal.
“We do not always know the source of cash donations, but we take these in good faith too.”

The Muslim world have been having debates about cryptocurrencies with top personalities such as the Mufti of Egypt saying it was forbidden or even haram,  because it could easily be used by some for illegal activity since it has an anonymous in nature.

However, Muslims can use cryptocurrencies for their zakat, their Ramadan donation, the mosque has declared. During Ramadan, Muslims are to give away 2.5 percent of their wealth to charity, the zakat is an annual donation which all Muslims but the poorest should perform. The donations are used to help out struggling families,  pay for funeral cost, provide shelter, feed the poor and carry out repairs in the mosque

Two cryptocurrencies will be accepted as donations, Bitcoin and Ethereum by the Shacklewell Lane Mosque, will accept donations in two different cryptocurrencies, Bitcoin and Ethereum.




 

 

 

What do you think about Mosques accepting cryptocurrencies? 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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POST OAK MOTOR CARS NOW ACCEPT BITCOIN AS PAYMENT FOR THEIR LUXURY CARS

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Are you hoping to be among the first crypto Hodlers to get a luxury ride with direct payment in cryptocurrency? If yes, then wait no further as more adoption, even in the automobile sectors of the gobal economy unfolds.
Tilman Fertitta, would be the first business man to sell off exotic cars like Bugatti, Bentley and Rolls-Royce using Bitcoin- the world first ever cryptocurrency.
Precisely on the 5th day of September 2018, the Hospitality business giant made the announcement via an official press release that it is be possible to purchase luxurious and classy carriages without prior regards buyers’ location worldwide with the use of Bitcoin and through a bitcoin payment processor called BitPay.
When asked about the move, Tilman, owner of Post Oak Motors had this to say “The rising of bitcoin sparked my interest. Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world purchase our vehicles faster and easier.

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The Blockchain Revolution in Nigeria and the Need for Regulation.

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In a recent strategic session organized by Mary Uduk, the Director General Securities and Exchange Commission of Nigeria (SEC) for the FINTECH Industry at SEC Towers Abuja. A critical analysis on the basics of the newest technology on the block (The Blockchain) in relation to the current plans to regulate the industry in the Nigerian Market, was the topic of discussion today.

In his presentation, Mr Ade Bajomo, the Executive Director Access Bank Nigeria and Vice President FinTech Association of Nigeria, took time to explain in simple terms the Blockchain Revolution currently taking place worldwide. He said; “Revolution refers to radical transformative change. It is a tumultuous and transformative event that attempts to change a region or society and in some cases, even the world”. Revolutions are the great turning points of history.

He also explained How Fintech is driving development and prompt execution in the financial sector of any economy. Moving on, he talked on the Future of Fintech; stating that the most recent discovery in the Space is the BLOCKCHAIN and that this discovery needs to be regulated.

At the end of his lecture, he answered few questions as regards security of the Blockchain in relation to the need for SEC to deliberately understand Blockchain technology, which would further help the active players institute the most desired regulation.

 

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Kenya is Getting Ready For A Blockchain Based Election

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The Kenyan electoral umpire, Independent and Electoral Boundaries Commission (IEBC) has announced that it would use blockchain for its presidential elections in 2022. The electoral umpire say it has set-up a team to oversee the adoption of blockchain in its next presidential poll.

Blockchain technology is the technology responsible for the distributed nature, sanctity and immutability of bitcoin and altcoin transactions. The qualities of blockchain is the main point of attraction for IEBC who has overseen elections where hundreds have been killed in tumultuous ballots.

A statement by IEBC Chairman:

“The legal reform activity is at the preliminary stages and the commission will be conducting stakeholders engagement, including incorporating views…”

Previous elections have been fraught with allegations of rigging which the electoral commission aims to put to rest by ensuring real-time election update to aspirants and voters. Last presidential election saw opposition candidate, Raila Odinga rejecting the outcome of the election and declaring himself President. The 2007 presidential election also saw sectarian violence where over 1,000 persons were killed before Odinga agreed to a power sharing deal with the government of Mwai Kibaki. These election-related violence has been widely condemned by the international community.

In the history of Kenyan elections since 1991, reprehensible irregularities, bloody uproar and killings have greeted elections.

“…The priority areas for legal reform identified by the Commission includes; electoral technology – adoption of blockchain/distributed ledgers to enable presidential candidates securely access results real-time, enhancing transparency and alleviating suspicion/perceptions of opacity.”

It is hoped with the adoption of distributed ledger technology that elections would be free, fair and credible. it is believed that Blockchain would impart it’s praised qualities of trust, voter anonymity, fraud-deterrence and transparency in the presidential elections. These will lead to a decrease in voter apathy, while resulting in voter confidence in the integrity of election outcomes.

Earlier this year, Sierra Leone claimed it has successfully implemented the first blockchain election.

 



 

 

What do you think about a blockchain based election in Kenya? 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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Crypto Education in Nigeria Takes a New Route

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Adoption is the buzzword in crypto communities and the best way to drive adoption is through education. A lot of persons have heard about cryptocurrency however, they have a limited knowledge of what digital currencies are and what they entail. This has led forward thinking crypto enthusiast to creating a week long blockchain and cryptocurrency workshop geared towards educating coworkers at Workstation as well as the general public about the technology they are so curious about.

The program is organized by Cryset who in collaboration with Yellow card. The event is schedule to hold for 6 days and begins on Monday, September 10 – Saturday, September 15 2018 at Workstation, 7, Ibiyinka Olorunbe , Victoria Island Lagos.  The aim of the organizers of the event is to create a classroom environment where teachings/learning of blockchain and cryptocurrency will take place. The organizers are working with the largest Co working space in Nigeria with a community of over a 300 people comprising entrepreneurs, companies, developer, and millennials.

Although the cryptocurrency market is currently down, this has not deterred crypto enthusiast who believe in creating real world use case for cryptocurrencies as well as driving adoption. The event will be given an ambience of a classroom with 25 students per class. This is to help the attendees learn in a learning friendly environment as well as ask questions and develop practical solutions to what they have learnt. The tutors for this event include high profile thought leaders, entrepreneurs and educators in the Nigerian Blockchain and Cryptocurrency space.

The workshop will be making access to a lot of cryptocurrency tools and information easier. The curriculum includes what is blockchain, Understanding Bitcoin and cryptocurrencies, Introduction to Cryptocurrency trading, How to Integrate Blockchain into your business (Blockchain for Enterprises), Investment opportunities in the Blockchain space, Blockchain architecture, smart contracts and dApp development. The classes are designed in such a way that they target those without a basic knowledge in cryptocurrencies to those interested in investment as well as developers.

This is the first of its kind in the crypto space and it would be an exciting time for all those seeking knowledge in cryptocurrency and blockchain.

 



 

 

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

 

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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