In Bitcoin Africa’s Weekly News Roundup, we take a gander at the most slanting blockchain and digital currency stories from Africa this week.

Here are our best picks!

Luno to Add Litecoin in May

LTC

Digital money trades working in Africa are dashing to add more highlights to hold and increment clients. Luno keeps on staying famous in South Africa and Nigeria, regardless of an expansion in rivalry in those business sectors.

This week, Luno declared they would include Litecoin (LTC) to their foundation. Litecoin will be offered on the trade and Instant Buy/Sell stages.

The cryptographic money was made in 2011 by Charlie Lee as a “quicker” and “lighter” option to bitcoin. Before building Litecoin, Lee has worked with Google and Coinbase. Litecoin joins bitcoin, bitcoin money, swell, and ethereum as cryptographic money stages bolstered on Luno.

As indicated by the Luno Africa group, Litecoin exchanging will go live on May 12.

“We can affirm that LTC will go live to all clients on the eleventh of May. Clients will have the option to make their LTC wallets, send/get, and utilize moment purchase/sell. The trade will be in post-just mode on Monday eleventh, and will be in full post mode on Tuesday twelfth May.”

Luno likewise alluded to including more cryptographic forms of money in the coming weeks.

Crypto.com Enters Kenya

Crypto.com is a digital money installments stage that permits clients to purchase, sell, and pay across the board application. The trade has been working in Europe, Asia, North America, and now Africa.

The stage reported that it was entering the Kenyan market on Twitter, implying its essence on the mainland. As a major aspect of the extension, Crypto.com has propelled a giveaway for new network individuals. Intrigued people should join the Crypto.com Kenya Telegram gathering.

Are Africans Gearing Up for the Halving

Unless you are living under a rock, you must be aware of the bitcoin halving event that is scheduled to take place between May 11 and 12. 

The hype behind the halving is suspected of having contributed to the bitcoin price increase over the week. Bitcoin broke from the $7,500 physiological level to over $9,000 in value. As at the time of writing, Bitcoin is currently trading at a little over $8,500.

The bitcoin halving hype is spreading globally, and Africa has not been left out. Based on Google trends data, three African countries: South Africa, Nigeria, and Kenya are among the top 50 countries with high search interest in the halving.

It will be interesting to see how the halving may impact the adoption and popularity of bitcoin on the continent.

source:
https://bitcoinafrica.io/2020/05/01/weekly-news-roundup-4/

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