The BanQu product has reportedly been implemented with thousands of farmers across Uganda and also India.

Uganda is one African country where blockchain is taking hold. Binance opened a local branch in 2018, though the country’s central bank remains skeptical of decentralized cryptocurrencies.

Crypto-based Ponzi schemes are also present, with the Dunamiscoins pyramid recently defrauding over 10,000 users for $2.5 million.

(Sources Cointelegraph, Finance Yahoo, Budweiser, Worldbank)

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