"We believe one day digital money will gain more acceptance than paper money,” said school director Sabi’u Musa Haruna.
A private secondary school based near the Nigerian city of Kano has announced it will be accepting payments for school fees in cryptocurrency amid the country’s central bank banning financial institutions providing services to crypto exchanges.
According to a Thursday report from local news outlet Kano Focus, the director of the New Oxford Science Academy in the Kano suburb of Chiranchi will allow students to pay for tuition fees in crypto. Sabi’u Musa Haruna, who started working at the school in 2017, urged the Nigerian government to embrace and regulate cryptocurrency, but seemed to imply he would not wait with this latest move.
“We’ve decided to accept cryptocurrency as school fees, because the world today is tilting towards the system,” said Haruna. “We believe one day digital money will gain more acceptance than paper money.”
Haruna cited the examples of countries like El Salvador and Tanzania expanding payment options for crypto users. The Latin American nation will begin to accept Bitcoin (BTC) as legal tender across the country starting on Sept. 7 following the passage of a pro-crypto bill. Across the glo Tanzania’s central bank announced today it had begun working on directives from the government that could eventually overturn the country’s ban on crypto.
The school director did not explicitly say which tokens would be accepted for payment. However, public interest for Bitcoin in Nigeria has often been stronger than that in other countries — according to data from Google Trends, the African country ranks first among searches for BTC, with Austria, Turkey, and Switzerland in a close race for second.
In February, the Central Bank of Nigeria announced in a circular that it had banned regulated financial institutions in the country from providing services to crypto exchanges. Though the policy warned of "severe regulatory sanctions" for any bank that failed to close accounts belonging to exchanges, governor Godwin Emefiele clarified in March that the ban was intended to “prohibit transactions on cryptocurrencies in the banking sector” rather than discourage individuals from dealing in digital assets.
Many lawmakers and people connected to Nigeria’s central bank have been pushing pro-crypto messages in the months following the ban. Emefiele said in May that “digital currency will come to life even in Nigeria” while the central bank later announced plans to launch a CBDC by 2022.
Russian national will use sales of her burning passport NFT to support Ukraine
NFT artist Olive Allen said by publicly burning her Russian passport, she was effectively making it dangerous to repatriate by protesting the current government. Olive Allen, a Russian national and artist who has lived in the United States for more than 11 years, has burned her mother country’s passport in the hopes of raising awareness and funds related to the military conflict in Ukraine. Speaking to Cointelegraph on Friday, Allen described herself as “a child of new Russia
Solana, Binance Coin, and Seesaw Protocol (SSW) Boosting Wallets Right Now
Three main cryptocurrencies are surging right now and are consequently making crypto-wallets surge too. These three are the following: Solana (SOL) whose involvement in charitable activities in favour of the Ukraine at this time of conflict is giving the Network the attention it always deserved; Binance (BNB) platform – the greatest trading platform in cryptocurrency … Continued The post Solana, Binance Coin, and Seesaw Protocol (SSW) Boosting Wallets Right Now appeared first on BeInCrypto.
Pushing DeFi to New Heights: Solanax Platform is Officially LIVE!
Ever since Decentralized Financed (DeFi) captured the imaginations of finance experts, Solanax has been making great strides to turn their most ambitious dreams into reality. Today, they are immensely proud to announce that they have succeeded – today marks the launch of the Solanax DEX, which is already live with swap and liquidity pool functionality … Continued The post Pushing DeFi to New Heights: Solanax Platform is Officially LIVE! appeared first on BeInCrypto.
Former ENS director of operations may remain at foundation after voting against his own removal
“We can't let someone who is bigoted about a marginalized community stay the figurehead of a large web3 organization,” said ENS user healingvisions.eth. Many members of the Ethereum Name Service’s decentralized autonomous organization have voted in favor of allowing recently removed director of operations Brantly Millegan to stay on as the ENS Foundation director.According to a tally of roughly 2.4 million ENS DAO users recorded as of Thursday, more than one million are again
3 Crypto Not to Miss This Week: FIL (+10%), EGC (+13%), SSW (+32%)
Filecoin (+10%), Evergrow Coin (+13%), and Seesaw Protocol (+32%) are three cryptos not to miss this week. There may be a better opportunity for exponential growth for these cryptocurrencies. The market’s trajectories are now heading in the right direction after a long period of negative trends. The positivity is almost tangible, and new possibilities await … Continued The post 3 Crypto Not to Miss This Week: FIL (+10%), EGC (+13%), SSW (+32%) appeared first on BeInCrypto.
Upgrade Your PrimeXBT Trading Portfolio With These New Crypto Pairs
PrimeXBT’s reputation says a lot of things: customer service excellence; 99.9% uptime; no hacks; the lowest fees around; tons of innovation; and so much more. The post Upgrade Your PrimeXBT Trading Portfolio With These New Crypto Pairs appeared first on BeInCrypto.
Dogecoin community donates $53K to Ukraine as country hints at upcoming airdrop
"Dogecoin, itself, is generally used for small transactions, but we are a caring and passionate bunch,” said Billy Markus, who said he sent funds to Ukraine. With the price of the meme-based token Dogecoin (DOGE) higher than that of the Russian ruble, Ukraine opened to DOGE donations for the first time. Ukraine's Minister of Digital Transformation Mikhail Fedorov announced on Wednesday that the token had “exceeded Russian ruble in value” — though the ruble has dropped signifi
Solana, Polygon, Seesaw Protocol (SSW) – Three Crypto to Buy in March
There may be a better opportunity for exponential growth for cryptocurrencies such as Polygon (MATIC), Solana (SOL), and Seesaw Protocol (SSW) in 2022. If you know about crypto, you know about Bitcoin (BTC) and Ethereum (ETH). The two giants sit atop the market cap rankings and have a combined market dominance of around 60%. Bitcoin … Continued The post Solana, Polygon, Seesaw Protocol (SSW) – Three Crypto to Buy in March appeared first on BeInCrypto.
Crypto dealer SFOX gets trust charter approval from Wyoming regulators
“The new charter will enable us to provide secure, reliable and efficient investment, trading, and custodian services for a wide range of digital assets," said SFOX co-founder Akbar Thobhani. The State of Wyoming has approved California-based crypto broker SFOX for a trust charter, allowing the firm to provide custodial and other crypto-related services to institutional clients.In a Tuesday announcement, SFOX said the Wyoming trust charter will allow the firm to operate in th
Does Crypto Deserve its Shady Reputation? – Report
The value of illicit crypto transactions has increased by 80% compared to the previous year, according to a new report. The post Does Crypto Deserve its Shady Reputation? – Report appeared first on BeInCrypto.
Samson Mow leaves Blockstream, plans to focus on ‘nation-state Bitcoin adoption’
“Now is a pivotal point in Bitcoin’s evolution — we’re on the verge of mass adoption, and I think that I can make it happen faster,” said Samson Mow. Blockstream chief strategy officer Samson Mow has announced he will be leaving the blockchain firm after five years.In a Tuesday Twitter thread, Mow said he would continue to be a “#BlockstreamSpy” following his departure from the Canada-based firm where he had worked since April 2017. He said he would stay on as CEO of game dev
The Rise of Crypto-Based Philanthropy Efforts is Finally Showing Genuine Industry Utility for Blockchain Platforms
Crypto communities are beginning to see a rise in crypto-based philanthropy, specifically with donor advisory funds (DAF). The post The Rise of Crypto-Based Philanthropy Efforts is Finally Showing Genuine Industry Utility for Blockchain Platforms appeared first on BeInCrypto.
CME Group plans to launch micro-sized Bitcoin and Ether options
The futures options, expected to start trading on March 28, will come more than two years after the CME Group launched a BTC options trading product in January 2020. Major derivatives marketplace Chicago Mercantile Exchange Group will launch options trading for its micro Bitcoin and Ether futures products.In a Tuesday announcement, the CME Group said that, subject to regulatory review, it plans to launch options contracts for its existing micro Bitcoin (BTC) futures and micro
Currency.com Joins Global Digital Finance
European crypto exchange Currency.com, has today announced its membership to the Global Digital Finance (GDF), a leading industry body that supports standards and best practices in crypto assets and digital finance. The post Currency.com Joins Global Digital Finance appeared first on BeInCrypto.
Cointelegraph launches Innovation Circle — A private membership service for industry leaders
“We are building a community of thoughtful leaders dedicated to expanding crypto literacy and industry access across the globe,” said CEO Jay Cassano. Your friendly neighborhood digital media publication covering news on crypto and blockchain has launched a private membership service aimed at business leaders and industry experts who share a commitment to shaping the future of the space.Starting March 1, Cointelegraph Innovation Circle will be available to a select group of
Seesaw Protocol (SSW) Presale: Will It Compare to Filecoin and Tezos?
Crypto is notoriously volatile and goes up and down on a regular basis. There are, however, ways to avoid this volatility. One of these methods is investing in stable coins like Tether (USDT) and USD Coin (USDC). With this comes the knowledge that your investment will not go down. As these are stable by their … Continued The post Seesaw Protocol (SSW) Presale: Will It Compare to Filecoin and Tezos? appeared first on BeInCrypto.
Bitcoin climbs to $41K and flippens the Russian ruble
The Central Bank of Russia reported the country's money supply was 65.3 trillion rubles as of Feb. 1 — roughly $629 billion with the recent drop against the U.S. dollar. After climbing to a price of more than $41,000 on Monday, Bitcoin’s market capitalization has surpassed that of the Russian ruble. According to data from CoinMarketCap, the market cap of Bitcoin (BTC) surged to roughly $780 billion on Monday amid the price rising to $41,391, a 5.7% increase over the last 24 h
Mars4 Metaverse Listing on KuCoin
Humans have always had the ambition to explore outer space. To this day, the Moon Landing remains etched in history as one of the most highly regarded events of all time, one that continues to inspire over half a century later. Space travel is still far from universally available, such that even the planets and … Continued The post Mars4 Metaverse Listing on KuCoin appeared first on BeInCrypto.
Profit and Market Dominance Delivered to you Through Crypto-Integrity-Tao
Crypto-Integrity-Tao working in tandem with Creativity First Films will deliver the first “Dynamic” that will result in the highest profit disruption model The post Profit and Market Dominance Delivered to you Through Crypto-Integrity-Tao appeared first on BeInCrypto.