Bitcoin, Cryptocurrency News in Nigeria And Africa

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Visa Affirms Commitment Towards Promoting the Adoption of Digital Currencies For Crypto Wallet Providers

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Visa for crypto wallet providers. In a recent announcement on its platform, one of the world’s foremost card payment processor has expressed its commitment towards fostering the adoption of digital currencies around the globe. The new Visa approach towards digital…

Ripple Payment is Now Available in U.S, and Other Geopolitical Regions Through One Pay FX

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Ripple Network is a blockchain-based remittance payment network used in borderless payment competing with the likes of Western Union etc.  Santander, one of the Spanish biggest bank by total asset and market capitalization, had designed a Ripple enabled payment app…

Germany Plans to Restructure Regulator, Bafin After the Wirecard Scandal. 

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German Finance Minister Olaf Scholz has announced plans to restructure financial services regulator Bafin following the reputational damage surronding the Wirecard scandal.

CBN Releases Draft Framework for Regulatory Sandbox Operations on Emerging Technologies in the Payments Space.

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CBN has released a new Draft Framework for Regulatory Sandbox Operations focused on emerging technologies in the payments space.

Chipper Cash Closes $13.8 million in Series-A Round

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San Francisco based fintech startup Chipper Cash, used in processing cross-border transactions within Africa has closed a $13.8 million Series-A investment round.

Blockchain Will Help Nigeria to Achieve Financial Inclusion Through Mobile Money Services.

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Coming to Nigeria, the story is not the same. The first mobile money service in Nigeria dates back to 2009. Since then, a dozen new mobile money service providers have emerged with Paga currently, topping the list. 

Experts Want Paystack to Use Blockchain in Keeping Transaction Records Following the Launch of Paystack’s “Transaction Lookup.”

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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. 

GTBank Wants to Restructure into a Holdings Company to Enter the Fintech Space.

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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.

World Bank Makes Further Investigations On Stablecoins and Central Bank Digital Currency.

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With an increase in the adverse effect of coronavirus pandemic, financial institutions all over the world are increasingly looking into emerging technologies like blockchain to mitigate economic meltdown and to achieve financial inclusion.

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.