The Africa branch of the company behind the blockchain Ignis, Nxt and Ardor will launch a cross-border tour to provide blockchain education in the public and private sectors.
According to information sent to Cointelegraph, Jelurida Africa said it will begin a blockchain expedition in the self-governing Tanzanian state of Zanzibar on October 23, before continuing to Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, Zimbabwe and Tanzania. The aim of the group is to promote blockchain education with meetups in universities, financial institutions and public offices. The expert group for distributed ledger technology and smart contracts plans to contact local legislators and private companies as well as developers and blockchain enthusiasts in the respective countries as part of the tour.
“When you look at our relationships at home or abroad, you find that trust is required before we can easily scale, before we can easily improve trade with neighboring countries. So trust is required, data consistency is required, ”said Adedayo Adebajo, CEO of Jelurida Africa, in an interview with KUTV Kenya on Tuesday.
“When it comes to implementing solutions on blockchain, it is easy for anyone to trust you, even without knowing you, because they have your digital identity and can verify your previous transactions. You without the need for the entire group to participate to be.”
Several countries along Jelurida Africa’s preliminary roadmap have mixed relationships with crypto and blockchain regulation.
The Central Bank of Tanzania has banned cryptocurrencies since 2019, but in June President Samia Suluhu Hassan urged the central bank not to “make the mistake of being unprepared” when dealing with brilliant financial technology.
Despite objections from many African governments and central banks, the use of cryptocurrencies in the region continues to increase. Digital analytics firm Chainalysis reported in September that the cryptocurrency market in Africa has grown more than 1,200% since 2020. P2P transactions in particular offer many crypto users in Africa a faster and cheaper way to pay for international trade transactions.
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Other drivers for the adoption of crypto in the region could be remittances to bypass governments restricting how much money people can send overseas. Several countries in Africa have also considered developing central bank digital currencies, with central banks in Nigeria and Ghana announcing their CBDC plans earlier this year.