Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.
Glen Jordan, CEO of Empowa shared details about his company’s operational model with global industry experts.
The system used new technology different from the one deployed in Zanzibar, where it was originally launched.
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
Blockchain company Empowa has used NFTs as a fundraising vehicle to grow Mozambique’s home loan market by 5%. It is now looking to expand across Africa.
While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.