Crypto is used by 48% of Africans to fund their children’s education. Luno conducted a poll that indicated that 48% of Africans use cryptocurrency to support their children’s education. Almost 7,000 people from Kenya, Nigeria, South Africa, Indonesia, the United Kingdom, Australia, and Malaysia were questioned by the cryptocurrency exchange.
According to survey results from the three African nations, 69% of investors interact with digital assets in order to provide a better living for their family. In addition, 48% of respondents said they would put money aside in cryptocurrency to pay for school tuition. On the other side, 43% would set up a trust for their children and grandchildren. volumes.
Three percent of those polled claimed they don’t have a strategy in place for their cryptocurrency investments.
“The size of Africa’s crypto revolution has gotten a lot of attention in recent weeks. While the potential is enormous, it is critical that customers engage in this shift in a safe and responsible manner, according to Marius Reitz, Luno’s General Manager for Africa.
Surprisingly, the poll revealed that 55% of Nigerians are unfamiliar with cryptocurrency. This number is 56 and 64 percent in Kenya and South Africa, respectively.
The debut of the eNaira has been postponed by the Central Bank of Nigeria (CBN). The bank had planned to launch the service on October 1, but had to postpone it owing to unusually high internet traffic. The eNaira website had 480,000 hits on the first day, according to a post on Nairametrics. The next day, the number of visits had risen to almost 1.7 million, and it has been averaging 2.8 million hits ever since. As a result, Apex Bank, CBN’s partner, is conducting a stress test to guarantee that the system can manage a high volume of traffic once the CBDC is operational.
The CBN’s Director of Communication, Osita Nwanisobi, said on September 30 that the bank had decided to postpone the launch “in deference to the national sentiment of rededication to the common ideal of One Nigeria.” The launch was scheduled to take place on July 4th.
Nigeria would be the first African country to reach this milestone if its CBDC plans are carried out.
A Blockchain course will be offered at the University of Cape Town.
On November 1, the University of Cape Town will begin offering a six-week blockchain and digital currency course. Students who are interested in taking this course can begin registering on October 26.
University of Cape Town to Offer Blockchain Course
Some of the topics the course will cover include Central Bank Digital Currencies (CBDCs), crypto assets, and blockchain technology.
Central Bank Digital Currencies (CBDCs), cryptography, and other subjects will be covered in the course.
According to the university’s website, students would pay Rs 49,104 for the online course. Upon successful completion of the course, they will also receive a certificate. Professionals in the financial industry and those interested in cryptocurrency are the target audiences for the institution.
Credit BitcoinAfrica
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