CRYPTO

Zelurida will launch a 30-day blockchain education campaign across East Africa

The company’s African forces behind the Ignis, Nxt and Ardor blockchains will embark on a multi-country tour to provide blockchain education in the public and private sectors.

According to information provided to Cointelegraph, Zelurida Africa said it would launch a blockchain operation from the Tanzanian autonomous state of Zanzibar on October 23 before heading to Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, Zimbabwe and Tanzania. The group aims to promote blockchain education through meetings at universities, financial institutions and public offices. A team of Distributed Laser Technology and Smart Contract experts said they plan to reach out to local lawmakers and private firms as well as developers and blockchain enthusiasts as part of the visit.

“If you look at our relationship within the country or abroad, you can see that trust is needed before we can easily measure our transactions with our neighbors, so trust is needed, data immutability is needed,” KTV Kenya said in an interview on Tuesday. Adedayo Adibajo, managing director of Zelurida Africa, said.

Adebajo added:

“When it comes to setting up solutions on blockchain, it’s easy for anyone to trust you without your knowledge because they have your digital identity and they can verify your previous transactions without relying on team participation.”

Zelurida Some of the countries on the planned route to Africa have mixed relationships with crypto and blockchain control. The Bank of Tanzania has banned cryptocurrency since 2019, but in June President Samia Suluhu Hassan urged the central bank not to be “unprepared” when working with innovative financial technology.

Despite the disagreement of many African governments and the central bank, crypto use in the region continues to grow. Digital analytics firm Chinalysis reported in September that Africa’s cryptocurrency market has grown by more than 1,200% since 2020. In particular, P2P transactions provide a quick and inexpensive way for many African crypto users to make international commercial transactions.

Related: The Federal High Court of Nigeria has approved the eNaira CBDC rollout

Other operators in the region may include remittances to receive crypto to get closer to the government which limits the amount of money people can send abroad. Some African countries are also considering developing central bank digital currencies, with the central banks of Nigeria and Ghana announcing their CBDC plans earlier this year.