While news headlines have been flooded with talk of ICOs and STOs, Kenya has been setting the pace for Africa with Bitcoin ATMs, bitcoin restaurants, and bitcoin mining.
The Capital Markets Authority issued a statement cautioning consumers over the use of KeniCoin crypto tokens and their trading in Kenya. The ICO for the coins was launched publicly in July 2018.
From solving land registration disputes to improving cross-border payments
Kenya isn’t playing games when it comes to making headways with blockchain technology.
Two key players in the blockchain remittance space, BitPesa and SBI Remit, have teamed up to lower the cost and improve the speed of payments and cost of payments for goods and services between Africa and Japan.
A decision to list an exchange traded fund could prove to be one big step for Kenya and one big step for mankind.
It is easy to fall victim to the notion that blockchain with its many utilities could serve as a foolproof defence against cyber security risks. While blockchain will inevitably improve cyber security for organisations and individuals, it is dangerous to rely completely on its present capabilities to secure information against cyber attacks.