Student Papers by Mazvita Wayne Chishakwe
This research aims to investigate the possible applicability of Blockchain technology and cryptoc... more This research aims to investigate the possible applicability of Blockchain technology and cryptocurrencies in the financial sector in Africa. Cryptocurrencies are a form of digital currency, created and held electronically. Cryptocurrencies do not require a governing body and no one controls it. The cryptocurrencies have numerous opportunities such as very low transfer costs which could assist in helping the unbanked population in Africa to have access to financial services. Literature identified and defined blockchain technology and cryptocurrencies and how they function. The current state of the African financial sector was then analysed and identified its unique context. Three current frameworks were chosen as they helped answer the research questions, and from there a new framework was developed based on the pros and cons of the current framework. The new framework suggested that there is potential for cryptocurrencies to work but there are various barriers to acceptance of the currency in Africa and a lack of regulation. Therefore, an alternative solution was suggested for the unbanked population in Africa.
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Student Papers by Mazvita Wayne Chishakwe