This is a more bullish news, An important initiative. Because currently the National Fire Brigade Association of Kenya has added Bitcoin to their balance sheet. This move by the National Fire Brigade Association of Kenya may have made them the first labor union in Kenya and on the African continent to hold Bitcoin.
You mean this made them the first labor union to announce that they hold Bitcoin. There should be others who hold Bitcoin in small quantities but are yet to make such announcements for several reasons - strict government outlook on Bitcoin. Africa will open to Bitcoin one day, we'd have more conferences about Bitcoin with even government officials in attendance.
Topic: Kenya's National Fire Brigade has added Bitcoin to its balance sheet. - page 2. (Read 226 times)
December 12, 2024, 12:25:28 AM
Kenya is an amazing country. They have the next silicon valley in Africa. Very progressive despite the political challenges. Africa Bitcoin Conference holding there is exciting as it proves their acceptance of Bitcoin.
December 11, 2024, 10:48:23 PM
That's pretty cool that Kenya's added Bitcoin to its balance sheet, and even better they are not alone. Vancouver Canada just announced that they want to use Bitcoin as a reserve asset, mixing it in with other financial resources to make themselves more known as a Bitcoin friendly city. https://99bitcoins.com/news/vancouver-mayor-ken-sim-announces-plan-to-add-bitcoin-to-citys-balance-sheet/
Even though that is still just a proposal, so it actually hasn't happened yet, but it still a good initiative. I think some countries that have high inflation rates or currency instability, such as Argentina or Turkey, could leverage Bitcoin to hedge against economic instability just like Kenya. They have set a good example for other countries to innovate financially and embracing digital transformation.
Even though that is still just a proposal, so it actually hasn't happened yet, but it still a good initiative. I think some countries that have high inflation rates or currency instability, such as Argentina or Turkey, could leverage Bitcoin to hedge against economic instability just like Kenya. They have set a good example for other countries to innovate financially and embracing digital transformation.
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December 11, 2024, 09:48:44 PM
As more accepts Bitcoin and adding it to its balance sheet, the lower the impact on it towards me positively.
I mean if this happened a few years ago, many would be excited and sees this as a bullish news. Not for me though, but seeing more people integrating Bitcoin is good news.
As for Kenya and their government, maybe this is the first step towards them doing the same as what Bhutan did when they invested millions of Dollars into Bitcoin and now, they're reaping the profits that they got through holding it. Now that this happened already, what would be the next step for them? Will other departments do the same if they see success in the action that this department did? Will the government do the same as well? Or maybe other nearby countries will do the same if this move by the Fire Brigade will show significant results?
I mean if this happened a few years ago, many would be excited and sees this as a bullish news. Not for me though, but seeing more people integrating Bitcoin is good news.
As for Kenya and their government, maybe this is the first step towards them doing the same as what Bhutan did when they invested millions of Dollars into Bitcoin and now, they're reaping the profits that they got through holding it. Now that this happened already, what would be the next step for them? Will other departments do the same if they see success in the action that this department did? Will the government do the same as well? Or maybe other nearby countries will do the same if this move by the Fire Brigade will show significant results?
December 11, 2024, 06:24:50 PM
Congrats to Kenya National Fire Brigade on taking a step forward to the future.
Perhaps this could one day inspire the Kenyan government to add some bitcoin to their reserve.
Look what happened to countries like El Salvador and Bhutan.
Inflation is under control and their economies are prospering with the help of their bitcoin investments.
Perhaps this could one day inspire the Kenyan government to add some bitcoin to their reserve.
Look what happened to countries like El Salvador and Bhutan.
Inflation is under control and their economies are prospering with the help of their bitcoin investments.
December 11, 2024, 05:54:27 PM
This is generally positive news for the Bitcoin community that it's been adopted by a department of the government. This is a sign of growth, and what to expect from this is that other bodies and organizations from the government will also begin to consider Bitcoin as the national fire brigade has done in Kenya. This is an example of acceptance and adoption that is beginning to take place, and it will not just stop in Kenya, it has the potential to spread all through Africa like wildfire.
December 11, 2024, 04:07:55 PM
This is a step in the right direction for the fire brigade and for Kenyans in general. This show that Africa is moving towards crypto-currency and I believe that some other sector in Kenya and Africa at large can implement this.
But I don't know much about Kenya's government but is the Kenya fire brigade independent of the presiding government and if yes this move would mean that the Kenyan government is in support of crypto-currency which is very recommendable.
But I don't know much about Kenya's government but is the Kenya fire brigade independent of the presiding government and if yes this move would mean that the Kenyan government is in support of crypto-currency which is very recommendable.
December 11, 2024, 03:55:50 PM
This is a more bullish news, An important initiative. Because currently the National Fire Brigade Association of Kenya has added Bitcoin to their balance sheet. This move by the National Fire Brigade Association of Kenya may have made them the first labor union in Kenya and on the African continent to hold Bitcoin.
The popularity of Bitcoin is spreading all over the world and this Bitcoin popularity is spreading very fast from individuals, companies, associations to country wise.
Why I'm particularly happy for this kind of information is the fact that is coming from an African country, we've known a lot of African countries to be reluctant in investing in innovations especially when it comes to cryptocurrency, is only the youth angle in the African continent that have decided to be creative and innovative in investing in cryptocurrency, so these news leaves me with a smiling face knowing that it's coming from an angle of the Kenyan Government. I'm just hoping, little by little the Government of the sub Saharan Africa countries Will key in massively in investing in cryptocurrency especially Bitcoin, instead of remaining aloof and watching other World leaders catching up on the moving train very early. The popularity of Bitcoin is spreading all over the world and this Bitcoin popularity is spreading very fast from individuals, companies, associations to country wise.
Quote
JUST IN: Kenya’s National Fire Brigades Association added #Bitcoin to their balance sheet.
It’s happening in Africa
https://x.com/BitcoinMagazine/status/1866806841419690005?t=FAG3WmzjWRQpJiHqil1ERA&s=19It’s happening in Africa
December 11, 2024, 01:39:13 PM
A welcome development, great to see Kenya taking forward steps in advancing Bitcoin usage and adoption. It's also great that they are making distinctions and not just taking a umbrella approach to adopt all cryptos.
But too much of Government investment is also not great for the ecosystem itself. I think Bitcoin shines brighter in the hands of the common people. My honest opinion.
Only thing is, when you create a free decentralized system for anyone to use you cannot regulate who uses it. Bitcoin shines in the hands of anyone who sees the value of Bitcoin. 
December 11, 2024, 01:11:10 PM
Great! So even the departments within a government is buying and investing into Bitcoin! I am also seeing a lot of governments are already discussing about creating a Bitcoin reserve as well. While such kind of adoptions are generally a good news for Bitcoin because it bring in trust into the system.
But too much of Government investment is also not great for the ecosystem itself. I think Bitcoin shines brighter in the hands of the common people. My honest opinion.
But too much of Government investment is also not great for the ecosystem itself. I think Bitcoin shines brighter in the hands of the common people. My honest opinion.
December 11, 2024, 07:14:37 AM
This is a more bullish news, An important initiative. Because currently the National Fire Brigade Association of Kenya has added Bitcoin to their balance sheet. This move by the National Fire Brigade Association of Kenya may have made them the first labor union in Kenya and on the African continent to hold Bitcoin.
The popularity of Bitcoin is spreading all over the world and this Bitcoin popularity is spreading very fast from individuals, companies, associations to country wise.
The popularity of Bitcoin is spreading all over the world and this Bitcoin popularity is spreading very fast from individuals, companies, associations to country wise.
Quote
JUST IN: Kenya’s National Fire Brigades Association added #Bitcoin to their balance sheet.
It’s happening in Africa
https://x.com/BitcoinMagazine/status/1866806841419690005?t=FAG3WmzjWRQpJiHqil1ERA&s=19 It’s happening in Africa
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