A volume of papers from the Bank for International Settlements (BIS) points out that payment system efficiency is the top motivation for central banks in emerging market economies experimenting with c...
Tag: Emerging
54% of UAE and Saudi Arabia Survey Respondents Said Crypto Should Be Used for Payments – Emerging Markets Bitcoin News
An average of 54% of survey respondents from Saudi Arabia and the United Arab Emirates (UAE) said they believe cryptocurrency should be used as currency. Still, a significant proportion of the respect...
Study Finds 33.4 Million Nigerian Adults Hold or Have Traded Crypto in Last 6 Months – Emerging Markets Bitcoin News
According to a new report, approximately 33.4 million Nigerians, or 35% of the country’s adult population, are holders of cryptocurrencies or have traded them in the past six months. The report attrib...
Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex – Emerging Markets Bitcoin News
The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a ...
Namibian Central Bank Announces Plan to Launch CBDC – Emerging Markets Bitcoin News
Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have ...
Inflation is driving crypto adoption in emerging economies
While there are many use cases for the crypto industry, the most popular use appears to be as a hedge against rising inflation. A recent Twitter thread by CoinMarketCap has revealed that citizens of c...
Be[In]Crypto Video News Show: Cryptocurrency in Emerging Markets
In this episode of Be[In]Crypto’s Video News Show, host Juliet Lima discusses emerging markets and how cryptocurrencies are playing a role in their development. What is an emerging market? Every day a...
A New World Monetary Order is Emerging, and Bitcoin is Poised to Be a Part of It
It seems that the more intense the chaos, the deeper the changes emerge from it. In the present post-Covid-19 chaos of supply disruptions, 40-year high inflation rates, and a war in Europe—we seem to ...
Stablecoins Emerging as a ‘Complement to Existing Payment Ecosystems’
An overwhelming number of banks are considering launching their own stablecoins, according to analysts at PwC. The report highlights that over 80% of central banks are either considering launching a c...
These 3 emerging market currencies have defied gravity
Emerging market (EM) currencies have done well in the past few weeks even as global risks have jumped. They have also outperformed their peers in the emerging markets as the Fed vows to keep hiking in...
Low Smartphone Penetration Working Against Plan to Launch CBDC – Emerging Markets Bitcoin News
According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya means launching a central bank digital currency (CBDC) now may...
Ripple Reports 130% Yearly Basis Growth in Asia-Pacific Transactions Amid Emerging Use Cases
Tomiwabold Olajide RippleNet is a global blockchain-based payment solution developed by Ripple Brooks Entwistle, VP and Managing Director for APAC and MENA at Ripple, highlighted in a recent interview...
Big F&B Invests In Innovation, Funds Emerging Cos
Big F&B companies have the resources and reach to develop their own product advances, and the chance … [+] to buy into potential breakthrough research. And that’s leading big F&B to vent...
New Central Bank Document Outlines Key Motivations for Issuing the Digital Currency – Emerging Markets Bitcoin News
In a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Also, in the document, the bank’s governor insists th...
War Sparks Wall Street’s Rush to Commodity-Rich Emerging Markets
(Bloomberg) — As the worst quarter for emerging-market dollar bonds in 24 years comes to an end, a deep divide is opening up as investors focus their hopes on commodity exporters in the Middle E...
PancakeSwap: An emerging DEX with Immense Opportunities
What is PancakeSwap? PancakeSwap is a Decentralised Exchange (DEX) that operates on the Binance Smart Chain (BSC). PancakeSwap was created by some anonymous entities which address themselves as Chefs...
UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects – Emerging Markets Bitcoin News
Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), ga...
Venezuela’s Sunacrip Launches Petro-Based Gift Card Market and Exchange – Emerging Markets Bitcoin News
Sunacrip, the Venezuelan cryptocurrency watchdog, has announced a set of improvements to its Petroapp wallet, allowing Venezuelans to use the petro (PTR) for new functions. The app now has an embedded...
Kenya Central Bank Governor Reiterates His Opposition to Cryptocurrencies – Emerging Markets Bitcoin News
The Kenyan central bank governor has once again told Kenyans to be wary of the risks that are associated with cryptocurrency transactions and trading. The governor also warned financial institutions s...
Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible – Emerging Markets Bitcoin News
The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal ...
Lemonade to Offer Blockchain-Powered Climate Insurance for Farmers in Emerging Markets
Lemonade, a top American insurance company, has revealed the formation of the Lemonade Crypto Climate Coalition meant to offer blockchain-enabled climate insurance to the most vulnerable farmers acros...
Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree – Emerging Markets Bitcoin News
The new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national...
Gramercy Funds CIO on emerging markets investing amid the Russia war, including Ukrainian bonds
(Click here to subscribe to the Delivering Alpha newsletter.) Emerging markets, specifically those in Eastern Europe, have been whipsawed amid the ongoing Russia-Ukraine conflict. With sanctions in pl...
UAE Hospitality Brand Stella Stays Now Accepts Crypto – Emerging Markets Bitcoin News
A hospitality brand from the United Arab Emirates(UAE), Stella Stays, has announced that its clients can now pay for services with cryptocurrencies. Clients can pay with bitcoin, ethereum, and 35 more...
Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official – Emerging Markets Bitcoin News
Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number of Kenyans ...
Ruchir Sharma breaks down opportunities in emerging markets
The current macroeconomic backdrop calls for investing in emerging markets, says Breakout Capital founder Ruchir Sharma. Higher commodity prices benefit emerging markets This afternoon on CNBC’s...
US Dollar May Increase Pressure on Emerging Markets
What’s Happening? The gain of the US Dollar has been against ASEAN currencies. It had gained 0.14% against the Singapore dollar, 2.16% against the Thai baht currency, and 0.71% against the Philippine ...
Too Cheap to Ignore, Emerging Dollar Bonds to Take Off With Fed
(Bloomberg) — Emerging-market dollar bonds are starting to look like a bargain. Most Read from Bloomberg The extra yield offered by developing-nation sovereign debt over U.S. Treasuries has rise...
Recent Reports Reveals Emerging Markets And Millennials Believe The Most In Crypto Investing
A recent survey reveals that LATAM and APAC investors believe that crypto will reap benefits in the long run. The emerging-market looks more worthwhile for crypto. Data reveals at least 32% of the co...