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Bitcoin News in Nigeria

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Traditional Banks are Losing Customers to Digital Banks in Nigeria Following the New Stamp Duty Charge By FIRS

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Digital Banks in Nigeria had recorded a new dawn following the new “Stamp Duty” fee charge on every 10,000 Naira transfer by Traditional Banks.

KoinKoin Announces Full Launch of Digital Assets Exchange Services in Nigeria.

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KoinKoin has announced the full launch of its Digital Assets Exchange services in Nigeria. KoinKoin’s digital asset exchange offers peer to peer exchange services as well as a direct fiat to cryptocurrency exchange.

South Africa Post Office (Sapo) Plans to Rollout 10,000 Cashless ATMs Until the Next Four Months.

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With the current wave of new means to access funds, and the steady enforcement on cashless policies. The South African Post Office announced plans to rollout cashless ATMs in four months time.

Top Nigerian Banks Looking to Take Over the Fintech and Digital Currency and Payment Space in Nigeria

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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.

Providers of Remita Payments, SystemSpecs Partners With Paga to Drive Digital Payments in Nigeria.

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SystemSpecs, the Nigeria’s fintech giant behind the successful money payment service provider Remita, has partnered with Paga to expand digital payments in Nigeria. 

Egypt Encourages E-Payment Systems Following New Cases of Coronavirus in the Country.

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Views: 2 Following the new cases of coronavirus recorded in Egypt, the Central Bank of Egypt has urged egyptians to limit their use of banknotes and to always use mobile phone wallets and other e-payments systems. Egyptian banks were also…

The New CBN Microfinance Revised Banking License, a Threat to Fintech and Blockchain Startups in Nigeria.

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Views: 29 The Central bank of Nigeria released new banking license for microfinance banks which is mostly used by digital banks including Piggyvest and Kudi bank. The MFBs are seen as instrument for poverty reduction and financial inclusion that provide…

Patricia Technologies Launches its first Working Bitcoin ATM Card Called “Patricia Bitcoin ATM Card” Powered by Verve Cards.

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Views: 28 Patricia, a gift card market and online mobile recharge platform launches its Patricia Bitcoin ATM, which some stakeholders claim is the first working Bitcoin ATM Card in Nigeria and Africa.  Patricia makes it easier for old and new…

Zenith Bank to Collaborate With Fintech Payment Platforms to Drive Financial Digital Banking in Nigeria.

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Views: 1 Zenith Bank reportedly has started partnering with Fintech companies to drive payment solutions and other financial products to its customers says Ebenezer Onyeagwu, Chief Executive Officer of Zenith Bank Plc.  The new development was disclosed by Onyeagwu during…

In a Bid to Achieve Digital Economy Goal, NITDA Launched a New ICT Hub in Portharcourt for Tech and Blockchain Startups

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Views: 4 The National Information Technology Development Agency (NITDA builds an Information Technology Innovation and Incubation Park Building at the University of Port Harcourt, Rivers State as part of its ICT projects to support tech and other Blockchain startups The…