We wake up daily to find technology disrupting how we lead our lives; from learning and entertainment to social interactions.Interestingly, in a lot of ways, it is disrupting how we interact with money. But money is a sensitive issue, so there's bound to be some resistance. For instance, in the early 2000s when technology showed us how we could move money around without having to handle physical cash, people resisted it for a while. Later, when the fintech revolution came to teach us to invest and make payments with smartphones, people also resisted it. But the rise of cryptocurrency seems to be the height of it. Not only are people resisting it, but governments are also banning it.Since the emergence of cryptocurrency, African governments have placed severe restrictions on the digital currency because it eliminates their control and may encourage money laundering. But Ethiopia has become the second African country to reverse a hostile stance on crypto this year after Morocco. Why this change of stance? Find out in this issue of VA Weekly.Ishioma Emi,Staff Writer, Ventures Africa.
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Techvolution- Issue #101
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We wake up daily to find technology disrupting how we lead our lives; from learning and entertainment to social interactions.Interestingly, in a lot of ways, it is disrupting how we interact with money. But money is a sensitive issue, so there's bound to be some resistance. For instance, in the early 2000s when technology showed us how we could move money around without having to handle physical cash, people resisted it for a while. Later, when the fintech revolution came to teach us to invest and make payments with smartphones, people also resisted it. But the rise of cryptocurrency seems to be the height of it. Not only are people resisting it, but governments are also banning it.Since the emergence of cryptocurrency, African governments have placed severe restrictions on the digital currency because it eliminates their control and may encourage money laundering. But Ethiopia has become the second African country to reverse a hostile stance on crypto this year after Morocco. Why this change of stance? Find out in this issue of VA Weekly.Ishioma Emi,Staff Writer, Ventures Africa.