In this article, we look at the hottest blockchain and cryptocurrency stories from the African continent in the last week.
The biggest story from the last week came from the Luno camp that announced that it had gained a million users in the last year. Other stories include OkEX launching a tour on the African and South Africa based stock exchange platform, ZAR X, added blockchain technology.
Here is a break down of all the news.
Luno Hits 3 Million Users and Adds Bitcoin Cash
In a recent announcement, Luno hit 3 million users and added bitcoin cash (BCH). Luno was started by two South Africans, Marcus Swanepoel, a former investment banker, and Timothy Stranex, who previously worked for Google as a software engineer.
Currently, Luno is headquartered in London with offices in offices in South Africa, Malaysia, Indonesia, Nigeria, and Singapore.
Now, Luno has grown to become one of the biggest exchanges in developing markets, offering trades in bitcoin, ethereum and bitcoin cash.
OkEx Hits The Road In Africa
OkEX announced a Cryptour campaign to educate the masses about blockchain tech and cryptocurrency across the African continent.
The Malta-based exchange, OkEx, kick-started an African cryptocurrency tour over the last weekend. The 4 weeks tour started from Nigeria and South Africa on September 7th and continued on September 14th in Accra, Ghana.
The rest of the tour will continue on September 21st in Nairobi, Kenya and September 28th in Osogbo, Nigeria.
ZAR X Uses Blockchain For Unit Trusts in South Africa
A local stock exchange, popularly known for its simplicity, low-cost, transparency and agility, ZAR X incorporates blockchain technology for unit trusts.
ZAR X in partnership with Adhara and Computershare South Africa has launched its first distributed settlement system for unit trusts in SA.
By making use of this blockchain technology ZAR X is living up to what it’s noted for. With this technology, ZAR X would firmly establish the use of blockchain technology and promote its futuristic prospects.