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Bitcoin News in Nigeria

WEEKLY OVERVIEW

Diutocoinnews Weekly: Facebook the Libra Stablecoin Developer Welcomes New Member into Libra Association.

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Diutocoinnews Weekly: Facebook the Libra Stablecoin Developer Welcomes New Member into Libra Association.

This week on cryptocurrency news update in Nigeria. Facebook pioneered Libra Cryptocurrency welcomes shopify into Libra Association.

The Digital Commerce Platform Shopify Joins Facebook Libra Association.

Shopify announced the new development through a blog post on Friday making it the most recent of the Libra Association after the Vodafone exit. The Facebook developed stablecoin called Libra will be governed by the Libra Association. 

This is the first new member of the organization since its formation four months ago.

According to the blogpost, Shopify said it intends to “work collectively” to build a payment network that works “everywhere.”

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Blockstale Installs the First Working Bitcoin Automated Teller Machine in Nigeria at Ajah Area of Lagos State.

The very first bitcoin Bitcoin ATM machine in the country was designed in Shenzhen by the founder and chief executive officer of Blockstale, Daniel Adekunle. 

The newly installed Bitcoin ATM is located in Ajah area of Lagos State at a lounge and bar spot.

South Africa’s Oldest Crypto Exchange, ICE3X, Introduces Free Instant Rand Deposits.

iCE3X exchange, the oldest digital assets exchange in South Africa integrates with Ozow Pay secure payments to process ZAR fiat deposit for free under 60 seconds.

This new milestone records iCE3X as the first exchange in South Africa to allow instant fiat deposits from a South African bank.

Eastern and Southern African Trade and Development Bank (TDB) Closes a $22 million Sugar Deal Utilizing Blockchain Smart Contract Technology.

The news broke out at the AfricaCom event in Cape Town in the previous weeks.

Read in Full: Eastern and Southern African Trade and Development Bank (TDB) Closes a $22 million Sugar Deal Utilizing Blockchain Smart Contract Technology.

At the million dollar sugar deal, a letter of credit confirmation and a discounting transaction were digitally recorded on chain on a private blockchain. 

This reduced the usual four days period set for cross-border payments making cross-border settlements swift and a trustless transaction.

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