Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Global

Crypto rising in East Africa

by Warren Manuel
July 30, 2021
in Global
Reading Time: 4 mins read
2.9k
A A
0
Share on FacebookShare on Twitter

East Africa, the ancient cradle of humanity is now embracing new fintech in blockchain & crypto to make governments more efficient, empower their local businesses & take charge of their finances.

Ancient civilizations and historical trade routes have always gotten its prominence from the East African tribes of Ethiopia and Kenya where trades of ivory, leather, wild life animals and birds throng have attracted the world’s awe as the natural diversity of  mother nature’s pure habitat.

This has not gone unnoticed as they are still very significant and appealing to tourists and poachers alike of the revered game reserves. 

This has brought about an evolution of trading of other commodities in the region which seems to be very appealing to foreign investors.

You might also like

Time to start using K5: learn how to migrate to the new Klever wallet app version

Time to start using K5: learn how to migrate to the new Klever wallet app version

January 31, 2023
7.3k
Use cryptocurrency and blockchain for transparent and secure voting

Use cryptocurrency and blockchain for transparent and secure voting

January 30, 2023
7.3k

But for the greed of political leaders who place their interests above that of the people, most of the East African nations have been plagued by war and chaos which subsequently led to the downturn of the various economies of the region and a significant loss of the value of their national fiat currencies.

Where countries like Zimbabwe printed fiat notes unrelentlessly, leading to having a worthless value in quadrillions and unlimited quantities. Same applies to some other countries in the Eastern African region that caused the masses to dwindle in their finances and economic power in the early twentieth century.


However, a new breed of politicians have come into the spotlight and ensured the economies of East African countries were revived and put back in the limelight of powerful economic hubs throughout Africa.

It will fail me not to mention the strides of the government of Ethiopia and Rwanda, which are spearheading the activities of blockchain technological hubs in East Africa that have captured the attention of the world as well. The innovative leaders in those countries saw the need to upgrade their economies by introducing blockchain technology to the management of their countries infrastructure and also ensuring that their people understand the essence of the adoption of such technology.


This has manifested in the adoption of cryptocurrencies like Bitcoin, Ethereum and even Cardano as means of payment by small and large businesses in East Africa.

Sometime in the year 2020, the founder of Cardano Charles Hoskinson was spotted in Ethiopia launching the implementation of the Cardano blockchain master plan for the East African region. This would in no small way influence the activities in the region whereby awareness is created for the use of cryptocurrencies as a means of liberating the people financially and through true ownership. 


Likewise, the country of Rwanda, with its unique history of war, genocide, reconciliation and social progress since, has made gigantic strides in their quest for the use of blockchain technology and cryptocurrency in their efforts to develop their infrastructure, financial system and governmental structure.

It would be noteworthy to say that the government allocated a sizable portion of their national budget for IT infrastructure and emerging technologies where blockchain and cryptocurrencies are the focus of the budget.


This is not to say that countries like Kenya are asleep when it comes to the emerging technology of blockchain, as the nation is also rapidly deploying resources and having prominent partnerships with founders of various blockchain and cryptocurrency projects, with a goal of attaining literacy and putting her citizens in the forefront of the knowledge of emerging financial technologies.

The same can be said for the nation of Zambia as they have taken the step ahead to implement blockchain technology in their educational system to encourage her teaming youth population in the knowledge of the emerging technology.

Indeed the East African region has taken the bull by the horn to ensure her people are not left behind in the latest development in the crypto space and field of blockchain technology.


Klever, a lover of the African continent, is passionate about the giant strides which the region has made by embracing blockchain technology and cryptocurrency.

As more people get to know of what the Klever wallet ecosystem is and how they as individuals can benefit from have their funds being kept in a wallet they can trust, which entirely belongs to them due its decentralised nature, the Klever phenomenon will reach all throughout the region.

They can easily have access from the comfort of their mobile phones and ensure that they can carry out transactions seamlessly around the world no matter whether they are in their farmlands, the serengeti of the kalahari deserts, the beautiful beach resorts of Zanzibar, the mountains of Kilimanjaro, the plains of Somalia or in the large cities. Transactions are now made in more comfortable and simple ways just like breathing in a Klever way.


By James Enajite

Klever Admin

Previous Post

India moving closer to Digital Rupee

Next Post

Klever Weekly Newsletter – July 30

Warren Manuel

Warren Manuel

As the Head of Marketing for Klever, I use my digital marketing and development skills to help grow the brand across many different channels, expanding the brand's reach, generating leads, and helping improve conversions, and repeat business.

Related Stories

Time to start using K5: learn how to migrate to the new Klever wallet app version

Time to start using K5: learn how to migrate to the new Klever wallet app version

by Maluh Bastos
January 31, 2023
0
7.3k

KleverChain’s launch in 2022 was one of the biggest accomplishments for the Klever Ecosystem.  Klever’s very own blockchain is bringing...

Use cryptocurrency and blockchain for transparent and secure voting

Use cryptocurrency and blockchain for transparent and secure voting

by Warren Manuel
January 30, 2023
0
7.3k

The integrity of democratic voting systems is crucial for the functioning of a healthy democracy. In recent years, there has...

Choosing Klever Wallet, K5 is a smart decision

Choosing Klever Wallet, K5 is a smart decision

by Isabela Bellumat
January 30, 2023
0
7.3k

As a decentralized crypto wallet, the Klever Wallet offers all the necessary tools for crypto enthusiasts, including storage of assets,...

Introducing K5, The Crypto Wallet Of The Future

Introducing K5, The Crypto Wallet Of The Future

by Klever
January 26, 2023
0
7.4k

KleverOS, the revolutionary Klever crypto wallet operating system that powers K5, ushers in a new era of crypto wallets. Today,...

Next Post

Klever Weekly Newsletter - July 30

Market Update: KLV up +1.95% to $0.0397, BTC at $39,755 (-3.06%), ETH at $2,637 (+3.1%)

Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8334 shares
    Share 3334 Tweet 2084
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7021 shares
    Share 2808 Tweet 1755
  • Bitcoin battles back from record losses to $21,000

    5914 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5358 shares
    Share 2143 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5070 shares
    Share 2028 Tweet 1268

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Time to start using K5: learn how to migrate to the new Klever wallet app version

Time to start using K5: learn how to migrate to the new Klever wallet app version

January 31, 2023
Use cryptocurrency and blockchain for transparent and secure voting

Use cryptocurrency and blockchain for transparent and secure voting

January 30, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version