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CoinW’s City Ambassador Program: Empowering African Communities Through Cryptocurrency Education and Entrepreneurship

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CoinW’s City Ambassador Program: Empowering African Communities Through Cryptocurrency Education and Entrepreneurship

LAGOS, Nigeria, Feb. 29, 2024 /PRNewswire/ — CoinW, a prominent global cryptocurrency platform with a user base exceeding 7 million, has made significant strides in its commitment to fostering cryptocurrency education and entrepreneurship within the African market. Recently, CoinW has unveiled its impactful Africa City Ambassador Program.

CoinW’s Commitment to Africa

The CoinW’s deep involvement in local economies across key African countries, including Nigeria, Ghana, Tanzania, Cameroon, Kenya, and others, has not only facilitated accessibility to digital assets but has also been instrumental in educating and empowering local populations with new knowledge and opportunities. This localization efforts have been pivotal in engendering understanding and engagement with cryptocurrency among local populations, marking a vital step forward in the continent’s embrace of digital assets.

Fostering Mutual Growth

CoinW’s past success of the program cooperated with local people is set to revolutionize the landscape of entrepreneurship and cryptocurrency education in African communities.

In line with its commitment to building mutually beneficial partnerships, CoinW has implemented a unique “win-win” model in collaboration with African local communities. This approach underscores CoinW’s dedication to not only advancing its own interests but also to bolstering economic development in African regions. A prime example of this commitment is the introduction of the City Ambassador Program, aimed at empowering local entrepreneurs and fostering cryptocurrency education.

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Advantages of the City Ambassador Program

The City Ambassador Program stands as a beacon of opportunity and growth for individuals across African communities. Ambassadors are provided with fixed payments, performance-based rewards, vocational training opportunities, public recognition, and generous financial support to kickstart their entrepreneurial endeavors. This pioneering initiative welcomes passionate individuals willing to explore new business prospects and acquire valuable knowledge, ultimately fostering an environment of learning and economic empowerment.

By nurturing a culture of entrepreneurship and equipping locals with the necessary tools for success, CoinW aims to leave a lasting positive impact on local economies and societies. The City Ambassador Program serves as a testament to this commitment, solidifying CoinW’s role as a catalyst for growth and development across the continent.

CoinW’s expansion into the African market, coupled with the innovative City Ambassador Program, exemplifies the platform’s unwavering commitment to fostering financial inclusion, economic growth, and knowledge dissemination. As CoinW continues on this journey, they are immensely proud of the strides and is excited for the future opportunities that await both CoinW and the vibrant communities they serve.

https://linktr.ee/CoinWAfrica 

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CONTACT: [email protected] 

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XRP Positions as Institutional Rail While RLUSD Enters Real-World Finance

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XRP Positions as Institutional Rail While RLUSD Enters Real-World Finance
XRP is cementing its role in live institutional payment infrastructure as Ripple’s RLUSD anchors regulated stablecoin settlement, signaling blockchain rails are now trusted, production-grade systems for global liquidity, cross-border payments, and high-value financial flows.
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Crypto Crime Wave Fueled by Chinese-Language Money Laundering | PYMNTS.com

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Crypto Crime Wave Fueled by Chinese-Language Money Laundering | PYMNTS.com

Cryptocurrency laundering was an $82 billion problem last year, Bloomberg News reported Tuesday (Jan. 27), citing data from blockchain analysis firm Chainalysis.

Chinese-language money laundering networks made up $16.1 billion of that total as they play an increasing role in crypto crime, the report said.

“These are groups that are growing exponentially,” Andrew Fierman, head of national security intelligence at Chainalysis, told Bloomberg, per the report. “We’re talking about growth of over 7,300 times faster than other illicit flows.”

Although China has outlawed crypto transactions, illegal activity continues as the government chiefly focuses on behavior that threatens capital controls or financial stability, according to the report.

The networks “have really embraced cryptocurrencies,” said Kathryn Westmore, a senior associate fellow at the Centre for Finance and Security at RUSI, per the report, adding that crypto provides “a way to launder the proceeds of cash-generating criminal activities, like drugs or fraud.”

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The news followed a warning from the Financial Crimes Enforcement Network (FinCEN) in August, which said Chinese money laundering networks are now among the most significant threats to the American financial system, helping fuel the operations of Mexico’s most powerful drug cartels.

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“The networks have become effective partners because they can move cash quickly, absorb losses and leverage demand from Chinese nationals seeking to bypass Beijing’s strict currency controls,” PYMNTS reported Aug. 29. “By pairing cartel dollars with Chinese demand for U.S. currency, these networks have created what FinCEN called a ‘mutualistic relationship’ that strengthens both sides.”

Meanwhile, Eric Jardine, head of research at Chainalysis, discussed last year’s record-setting levels of crypto crime with PYMNTS in an interview published Monday (Jan. 26). Around $154 billion flowed to illicit addresses, the most ever recorded, and there was a 160% increase in illicit volumes.

“But treating that number as evidence of runaway criminal adoption may miss the more consequential story,” PYMNTS wrote. “What changed in 2025 was not merely volume, but the identity of the actors, the scale at which they operated, and the implications this has for banks, regulators, and the future architecture of financial blockchain compliance.”

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The true inflection came from “a shift in who’s doing what,” Jardine said, adding that in 2025, nation states, most notably Russia, began taking part “in earnest in the crypto ecosystem,” chiefly through sanctions evasion.

Unlike earlier state-linked activity, like North Korea’s hacking campaigns, this was not marginal behavior at the edges of the system, but “industrial-scale financial activity conducted in plain sight,” PYMNTS wrote.

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Fixing BTC’s Quantum Issue Tops All Bitcoin Development Priorities, Says Willy Woo

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Fixing BTC’s Quantum Issue Tops All Bitcoin Development Priorities, Says Willy Woo
Quantum risk is emerging as a decisive hurdle for bitcoin’s institutional future as sovereign investors weigh long-term resilience, pushing gold and BTC into sharper focus amid debt cycles, macro uncertainty, and geopolitical realignment, according to on-chain analyst Willy Woo.
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