Sats & Gwei | IMF, DCMA & the international CBDC | Zimbabwe backs its Digital Tokens with over 200 Kilograms of Gold |African blockchain businesses raised a total of $474 million in 2022 | And more 💯

Sovereign Frontier

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Relevant links

In conjunction with the IMF, the Digital Currency Monetary Authority (DCMA) has Launched an International Central Bank Digital Currency (CBDC)

https://www.prnewswire.com/news-releases/the-digital-currency-monetary-authority-dcma-launches-an-international-central-bank-digital-currency-cbdc-301793163.html

Opinion piece - https://medium.com/yardcouch-com/new-global-reserve-currency-announced-this-week-to-end-cash-9f678e245c2d

The Reserve Bank of Zimbabwe has backed its Digital Tokens with over 200 Kilograms of Gold

https://bitcoinke.io/2023/05/zimbabwe-backs-digital-tokens-with-140-kilograms-of-gold/

Press Statement - https://www.rbz.co.zw/documents/press/2023/April/Press_Statement_-_Issuance_of_Gold-backed_Digital_Tokens_1.pdf

Reserve bank documents - https://www.rbz.co.zw/index.php/publications-notices/notices/press-release

Cardano’s Innovative DeFi Platform Rescues Real Lives, Solving Africa’s Housing Crisis

https://www.crypto-news-flash.com/cardanos-innovative-defi-platform-rescues-real-lives-solving-africas-housing-crisis-report/

https://bitcoinke.io/2023/05/empowa-launches-community-rewards-program/

Nigerian Crypto Infrastructure Startup, Yuki, Partners with Nigerian Neobank, Aladdin Digital Bank, to Mainstream Digital Assets in Africa

https://bitcoinke.io/2023/05/yuki-and-aladdin-digital-bank-partnership/

https://disrupt-africa.com/2023/05/05/nigerias-yuki-in-aladdin-digital-partnership-to-bring-digital-assets-to-over-75-users/

Algorand GameFi Platform, Zone, Reportedly Hits 10.6 Million player minutes a month After Global Launch

https://bitcoinke.io/2023/05/zone-gamefi-platform-statistics

The blockchain-based lender of small businesses in emerging markets, JIA, has raised $4.3 million in seed funding

https://techcrunch.com/2023/05/17/jia-a-blockchain-based-lender-of-small-businesses-in-emerging-markets-raises-4-3-million-seed/

Link previous JIA interview episode - https://twitter.com/Bankless_Africa/status/1583053718807011330?t=93WB_t1pZHodzLiRmgLIOw&s=19

The IMF reflects on the first year of the eNaira, states that it still has potential in financial inclusion

https://cointelegraph.com/news/imf-sees-room-for-enaira-improvement-in-first-year-assessment

Link to IMF paper - https://www.imf.org/en/Publications/WP/Issues/2023/05/16/Nigerias-eNaira-One-Year-After-533487

According to the CVVC African blockchain funding report, in 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the 2021

https://news.bitcoin.com/african-blockchain-business-funding-rose-429-in-2022-report/

Link to the report: https://docsend.com/view/8gqg5hhfvxyuhv2b

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Sats & Gwei is a Bankless Africa podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

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None of what is shared in this show is financial or tax advice. This show is strictly educational and is not investment advice or solicitation to buy or sell any asset or to make any financial decision. Remember to always do your own research.

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