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Weekly News Roundup: House Africa to Launch Blockchain Land Titles

Weekly News Roundup: House Africa to Launch Blockchain Land Titles
In  Bitcoin Africa’s Weekly News Roundup , we look at the most trending blockchain and cryptocurrency stories from Africa this week.
Here are our top picks!
House Africa To Put Land Titles in Nigeria on the Blockchain

HouseAfrica , a real estate startup headquartered in Nigeria, has partnered with Nigeria Mortgage Refinance Company (NRMC) to put land titles on the blockchain.
The companies are building a digital property (land) title verification on the blockchain. The authentication system, Propvat.com , allows individuals or firms to confirm the availability and value of properties in Nigeria. The platform aims to improve mortgage transactions in the West African state.
The co-founder and CEO of House Africa, Nnamdi Uba, described the partnership as one that will unlock capital in real estate. He said:
“The partnership will help to unlock trapped assets and capital in residential real estate valued at over 300-900billion USD. and then wealth creation through increased access to credit and growth in mortgage penetration by as much as 3% – 5% of GDP over a 5-10-year period (subject to increased adoption and user rates).”
Additionally, speaking to the press, Taofeeq Olatinwo, Head of ICT & Business Operations at NMRC, commented:
 “NMRC is delighted to partner with HouseAfrica in solving the land titling issues to strengthen the housing market in Nigeria.”  
MyCointainer Will Add CREDIT Before Swap Ends
In recent updates, we have been covering TerraBit , an African cryptocurrency startup providing access to crypto payments and purchases with FIAT.
In August, TerraBit will undergo a hard fork that will lead to a coin swap. Holders of CREDIT will have to swap their coins for new coins on the updated blockchain.
Ahead of this, the team behind TerraBit has been working on integrations for CREDIT. MyCointainer , a crypto wallet and staking platform is set to add CREDIT in August. This will allow users to opt for another wallet when storing or staking their CREDIT.
On the cryptocurrency market, bitcoin rose to new highs in 2020 as other altcoins saw an increase in value. BTC passed the $11,200 mark this week and ETH passed $300.
The post Weekly News Roundup: House Africa to Launch Blockchain Land Titles appeared first on BitcoinAfrica.io .

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