The cryptocurrency is ever-evolving marketed by new projects (tokens and coins), new businesses and entrepreneurs seeking to offer a new service or product in this nascent industry. The last few weeks the Kenyan market has been at the center stage of the world especially within the crypto ecosystems after Nairobi saw huge crowds of youths looking to enlist with Worldcoin cryptocurrency and in return get compensated with attractive rewards in the form of the project’s cryptocurrency namely world coin. Kenyans would get their iris scanned and get in return 25 world coins which was equivalent of Kes 7,000 at the time the coin was trading slightly above $2. Understanding this better, just imagine in the month of July to August the retail price of basic food commodities such as Unga/maize flour retailed between Kes 200 to 250 approximately $1.5 per 2kg of the flour. Hence, the Kes 7,000 would go a long way in feeding and paying for basic bills for most households in Kenya. We will have this conversation some other day weather this was an exercise of exploitation or people just frustrated of the current hash economic conditions therefore looking for the next source of income irrespective of the lack of technological know-how.
On to positive news, as this was happening, a new cryptocurrency company namely Binusu.com entered the Kenyan market. Binusu has been operating in the neighboring country Uganda for years now and is looking to shape and build the future of finance in Africa and to achieve this as per its roadmap includes expansion into other African countries. Kenya is quite significant on the continent as a leading cryptocurrency market. No doubt Binusu had it’s eyes set on the market as it’s first destination as it seeks to expand across the continent.
The company has an elaborate plan to be a key leader of the future of finance across the continent. This is apparent with the product scope of what Binusu is offering it’s users. This includes, a cryptocurrency exchange that is accessible via the company’s website under the Quick exchange icon, android application that has elaborate features which everyone should check out the Binusu shop for merchants. Among attractive features why you should trade with Binusu include fast service, competitive rates and an option to be an OTC trader where you get to negotiate rates further with the team for any amount exceeding $5000.
As a way of spreading the word about Binusu and being your preferred go to education resource in the crypto industry, join them on Wednesday 9th August between 7PM to 8PM EAT for an X-space formerly Twitter space.
During this online conversation hosted by UmojaVerse the focus will be Decentralized Applications (dApps) on Multi-chain Platforms: Possibilities and Limitations” Analyzing how dApps can leverage multi-chain platforms, the technical challenges, and the potential benefits. Apart from Morris Gitonga from Binusu the other speaker will be Nathan from Telos.
For more information about Binusu