Federal Government of Nigeria Begins Disbursement of Stimulus Package Using Banks, But Crypto not Welcome.
Following the plans by the government to distribute stimulus package to support businesses, the sharing of the first tranche of the Central Bank of Nigeria N50bn targeted credit facility have started.
Ponzi Schemes: Cryptocurrency Wallet Users Increase in Nigeria Following the Increase in Pyramid Schemes Like Million Money Investment.
Results show that a good number of Nigerians opened new Cryptocurrency Wallets in other to invest in ponzi schemes and other money doubling schemes.
The new totle widget type of wordpress plugin was developed by Alon Goren, Founding Partner at Draper Goren Holm. Following its release on Wednesday, the plugin have garnered a lot of interest from web designers.
Bitcoin ATM in Africa (Full List): South Africa Records Highest Number of Bitcoin Teller Machine Followed By Ghana.
Since after the launch of the first bitcoin ATM in Nigeria, the number of bitcoin ATM in Africa and beyond have significantly increased. We have a total of more than 7,600 Bitcoin ATMs throughout the world.
Humanity is facing a great problem during this period, a threat that does not discriminate by race, academic and political background.
Blockchain4Covid19 is out to help combat the coronavirus pandemic
Experts Want Paystack to Use Blockchain in Keeping Transaction Records Following the Launch of Paystack’s “Transaction Lookup.”
Paystack is one of the top payment processors in Nigeria with over 10 million unique transactions each month for over 60,000 businesses including Branch, Palmcredit, and MTN.
South Africa Releases 30 Recommendations for Cryptocurrency Regulations in Compliance With FAFT Standards.
South Africa’s top financial regulators and the country’s apex bank—South African Reserve Bank, have collectively issued a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers.
China is looking to take over the blockchain space while the other world powers are still trying to recover from the adverse effects of COVID-19 pandemic.
Top Nigerian Banks Looking to Take Over the Fintech and Digital Currency and Payment Space in Nigeria
While many fintech startups are emerging in Nigeria, banks and financial institutions are re-positioning to maintain their stronghold. Moreso, crypto companies are emerging to provide user-friendly products to their customers.
GTBank, the largest digital banking service provider in Nigeria is considering to restructure as a holdings company. The bank’s CEO, Segun Agbaje, disclosed the plan during the bank’s earnings call for the fourth quarter of 2019.