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Will Bitcoin Be Big in Uganda?

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SOURCE: Pixabay

Bitcoin is the buzzword of the year. Though, if we properly look into it, bitcoin has been the buzzword for some time – at least since its inception in 2009. The associated blockchain technology may have been relegated to the lips of those in the technology industry or those looking to invest but, as the tide of the cryptocurrency has ebbed and flowed, it has entered the lexicon of the general public. Bitcoin, for those unaware, is a form of cryptocurrency utilising blockchain technology that doesn’t rely on a central bank system and, therefore, argues that it is safer, quicker, and more cost-effective than standard currency. But what does it have to do with Uganda?

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Bitcoin in Uganda

A recent warning from the Bank of Uganda into the possible dangers of bitcoin in Uganda will only make the cryptocurrency gather more adopters, according to Katherine Atuhairi of Uganda Bitcoin Network. She predicts a spike in interest of the blockchain technology, which sets itself as a potential rival to the Bank of Uganda. She also suggests that Silver Kayongo, an East African Banking and Legal Consultant, is correct in stating that, with 77% of Ugandans without a bank account, moving away from the Bank of Uganda could damage fintech ambitions. Some would even argue that standard banking in Uganda can be just as damaging, as with the possible closure in 2016 of the Barclays Bank of Uganda. Yet, bitcoin and cryptocurrency are treated with more wariness than standard banking, despite sharing some of the same possible limitations.

Bitcoin Adopters in Uganda

But, despite warnings and the fluctuation of the market, including the price drop in December 2017, enthusiasts are not deterred. Indeed, some claim to even enjoy the excitement that comes with the volatility, which could see their bitcoin stock rise and fall on a dime. Bitcoin mainly entices those with no employment, who hope to cash in on the boom much like the dot-com boom of the late 1990s. Others are professionals hoping to create an extra cash flow, likely at little risk to them. Indeed, bitcoin does look promising to those with an interest in technology, finance, or risk. In Kampala, many people dedicate their time to informing others as to the blessing that bitcoin may bring. Richard M Bagorogo is one, who claims the holidays he is able to take and the money he is able to give to his father are down to bitcoin and his early adoption. But is Bagorogo’s work helping others to adopt the technology?

Where Else is Bitcoin Used?

Bitcoin may be unknown to many traditionalists in Uganda but it is fairly prolific in its uses elsewhere online. For example, Japan made bitcoin legal tender, where bitcoin trade accounts for around half of the global trade volume. The Kenya-based BitPesa allows cash to be transferred throughout Africa, along with the many different currencies in the 54 countries – and utilises bitcoin to do so. Moreover, as metioned by Betway Casino, Expedia and Microsoft, two huge global online brands, both offer payment for certain services in the form of the cryptocurrency. Plus, Overstock, was the first online retailer to offer bitcoin payment options back in 2014. The company, which sells big-ticket items at cheaper prices due to overstocking, was a pioneer in the cryptocurrency field. Bitcoin was even utilised to crowdfund for bitcoin housing platform BitRent.

SOURCE: Pixabay

How to Get Involved in Bitcoin in Uganda

Bagorogo suggests people invest in mining pools of bitcoin. That is, the blockchain technology is derived from ‘mining’ it online, where the ownership of each chain is tracked and computational power is utilised to discover new chains that make up the cryptocurrency. Some, however, are sceptical due to the lack of middleman management – and, therefore, the lack of regulation and protection that central lending offers. Others compare bitcoin to other new technologies that were dismissed initially, yet proved to be successful later on.

What Else is Blockchain Technology Used For?

The blockchain technology which bitcoin is derived from also has other uses, which may help warm people up to the idea of cryptocurrency. CryptoKitties uses the unique markers of the blockchain technology to create individual digital cats – each one 100% exclusive. The cats have a trade value and different attributes, which can be swapped with other collectors. They can also breed and create other unique cats with their own attributes. The trade ability and the unique chain technology both go far to showcase how bitcoin works and the safety present in its functionality. If nothing else, the blockchain cats may just show people that bitcoin isn’t as bad as people make out.

Overall, bitcoin still represents a positive and exciting move forwards in how finance is conducted, especially in Uganda. While there are those in favour of the changes that bitcoin can make to how things are done and how people can be benefited, there are also plenty of detractors who err on the side of caution when it comes to the uptake of new technology. Others cite the energy usage – one bitcoin transactions uses the same energy as boiling 30,000 kettles. Ultimately, as the uptake of the cryptocurrency grows in the world, more people will come around to the idea – or, conversely, if the technology proves to be a flash in the pan fad, then those critical of the tech will be able to tell people how they were right.

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TECNO CAMON 11 and CAMON 11 PRO launched at special Christmas Price

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By Staff Writer

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Christmas is around the corner and so are all the juicy deals from top brands in Uganda. Today, TECNO Mobile Uganda has launched two new smart smartphones called the CAMON 11 and CAMON 11 PRO at a special Christmas price. The new phones have been described as the drivers for the future of selfies by some thanks to the ability to take bright and clear selfies with high quality powered by the new AI Technology.

The CAMON 11 duo exploits improved AI technology for selfie photography among many more AI- powered operational features like AI Bokeh effect, AI HDR, and AI automatic scene detection. Together with the super Notch Screen of 6.2inches and upgraded multi-tasking software, CAMON 11 and CAMON 11 PRO offers consumers a better user experience.

Artificial intelligence (AI) algorithms in-built in the CAMON 11 and CAMON 11 PRO is capable of doing a lot more than what previously seemed to be impossible by smartphones.

The revolutionary AI technology embedded in the CAMON 11 PRO and CAMON 11’s camera elevates the smartphone selfie experience.

For the Selfie-lovers, the high-end 24 or 16-megapixel front camera gives a whole new dimension of selfie experience. AI-technology smartly allows customers to create high-quality self-portraits with natural skin colour by optimizing the image, thereby achieving brighter colours and sharp contours.

The new CAMON 11 and CAMON 11 PRO does not pride only in the new AI technology but also showcases its ability to give customers an impeccable experience right from the slick beautiful diamond fire design to the space and many more fantastic specs.

The new phones comes sealed fully accessorized with new headsets, charger, tempered glass, (screen guard) and pin.

CAMON 11 and CAMON 11 PRO have been favourably priced to not only enable customers access it but it’s also time for giving and celebration, therefore the price is to give customers a reason to celebrate their festivities in style with a new super smart gadget. The new phones will be at a Recommended Retail Price of CAMON 11 UGX 578,000 and CAMON 11 PRO UGX 899,000.

The new CAMON 11 and Camon 11 PRO will be available country wide in all TECNO exclusive shops starting today 10th December 2018.

Below are the some of the spectacular features of to look out for;

AI Technology Captures More Beauty of You
New AI technology advances include more accurate facial recognition capability. CAMON 11 and CAMON 11 PRO cameras are able to improve self-portraits with the help of AI Beauty by recognizing up to 240points on the face of the subject, delivering better beautification effects no matter the gender or age, and enabling self-learning capabilities based on user preferences, plus other added fun features. It also supports Face Unlock option and is equipped with its own powerful AI adjustable front LED flashlights, which allows to get beautiful and realistic photos with a certain flash level customized for you.

Taking selfies has never been better, thanks to the advanced 16 MP front camera for the CAMON 11 and 24 MP for the CAMON 11 PRO. These front cameras have the widest dynamic range due to the AI feature in HDR mode, guaranteeing perfect shots in any light. In low light conditions, the camera takes several pictures at once, combining them into one clear shot, which guarantees accurate detail processing and eliminates the problem of image blur. AI is also able to automatically recognize scenes and adapt to shooting conditions, as well as select the optimal parameters for a wide variety of shooting modes from sports to portrait.

The dual camera is designed for impressive shots to gain popularity in social networks. Night shooting mode is also based on AI-technology and provides high detail photos, even in conditions of limited lighting.

The storage- 6GBRAM + 64GB ROM
Set the pace with the new CAMON 11 PRO, powered by a ground-breaking 6GB RAM and 2.0 GHz Octa-Core processor, taking your “speed” to the next level. Feel free to watch your favourite videos, download content, play games, and with the help of machine learning technology, CAMON 11 and CAMON 11 PRO are able to accelerate the game and put the phone into anti-disturb mode for users, which will bring a more immersive gaming experience.

More Fun with Animoji

Animoji combines human expressions with 3D virtual expressions through Augmented Reality (AR) technologies and creates dynamic cartoon images in keyboard, which is embedded in the typewriting and allows for usage in all major instant messengers and social networks – Facebook Messenger, Twitter, Google+, Hangouts, WhatsApp, Telegram, Skype, etc. Animated emoji reads facial movements and recreates them, making chatting with friends so much more fun!

Advanced HiOS Software – Favorite Apps at Your Fingertips
The HiOS software is intelligent enough to recognize your favourite apps and have them open in just 0.3s through your different fingerprints. One can set up “Google + Facebook + YouTube” to open using your forefinger print or access “Instagram + Google Map + Snapchat“via your mid-finger print, all at your personalized convenience.

Call Recording by Fingerprint

Conversations embody our relationships, fuel career growth, offer evidence for justice, and more. From helping us keep alive the memory of loved ones, to keeping records of legal discussions, conducting interviews or even making customer service calls, the CAMON 11 or CAMON 11 PRO makes recording calls a breeze. By just a simple tap of the fingerprint scanner, the call will be recorded immediately.

Follow @TECNOMobileUganda on Facebook for more information.

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Buganda Kingdom products to begin selling on Jumia

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Jumia and Majestic Brands Limited, Buganda Kingdom’s official investment arm, have announced a new partnership where all kingdom merchandise will be readily available on Jumia.

The Buganda Kingdom product assortment on Jumia includes, portraits of His Majesty – the King, Maama Nnaabegereka , marriage certificates, totems and memorabilia. All sales revenue will go to support the kingdom development projects.

The partnership was announced at a press event in Bulange, Mengo, and attended by Owek. Charles Peter Mayiga, the Katikkiro of Buganda, Majestic Brands CEO Mr Ronald Kawaddwa, and Jumia CEO Ron Kawamara.

“The Buganda cultural and brand products are highly appreciated by millions of consumers globally. Today we are pleased to offer a new distribution channel for our customers to own the symbols and memorabilia that make up the norms and culture of this great kingdom”, Jumia CEO, Ron Kawamara said.

Mr Ronald Kawaddwa, Majestic Brands CEO said, “ We hereby request our people to conveniently make use of this platform to get these products.”

The eCommerce space in Uganda is on the rise, with Jumia receiving an average of 500,000 visitors per month, a 120% increase from last year.

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Immersion Uganda Sets Dates For Midnight Party Bus

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By Demo Reily

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Immersion Uganda’s midnight party bus experience to Entebbe will officially set the tone for the party month of December. The party bus experience which is basically a tour bus fitted with lighting and sound, dancing, glow sticks, lots of alcohol and pizza, will be happening on Saturday, 22nd of December.

The fun is not just in the journey but the destination. The tour will involve hopping from bar to bar in Entebbe’s renowned joints like Riders, Street Club and De’Bar included on the itinerary. There will also be music mixes by DJ Chapat on the bus.

Partiers will be welcomed with shots on arrival at the bus included on the ticket price and guaranteed free and secure parking dedicated for all partiers at Hotel Africana, where the departure is slated at 6-7pm.

The bus will then return to Kampala with all the music, raving and drinks, pizza and bar hopping where Uber and designated driver rides will be available at the arrival.

ABOUT IMMERSION UGANDA

The ImmersionUG city tours agency is a brain child of Arthur Mwanje who has put a distinctly Kampala city in touch to epic tour offerings. Their best known tours are the ‘Kampala-On-Foot’ free city walking tour, the ‘Kampala-After-Dark’ tour rated by trip advisor as Kampala’s number one nightlife attraction, and their ‘SavourUganda’ food tasting tour.

They intend to provide a great way to get a first and engaging introduction to the city and spirit of it’s people, for visitors. The agency is run by passionate young locals, and are conducted in a fun, quirky and casual way. They allow guests to have an unusually intimate experience of Kampala and surrounding towns. More recently immersionug now arranges monthly events tailored towards locals and the Night Party Bus is a prominent example.

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