Auto Added by WPeMatico

Egyptian Fintech Raises $31 Million in Series B Funding Round

Moneyfellows, an Egyptian fintech startup specializing in digitizing money circles, recently announced the close of its Series B funding round that raised $31 million. The funds will be used to…

Continue ReadingEgyptian Fintech Raises $31 Million in Series B Funding Round

Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round

Abu Dhabi-based fintech, Pyypl, announced on Nov. 7 that it had raised $20 million in Series B funding and this brought the total of funds raised to nearly $40 million.…

Continue ReadingAbu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round

South Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets

Pick n Pay, the South African retailer, has revealed that some of its grocery stores are now accepting bitcoin payments. To ensure payments are affordable, Pick n Pay reportedly uses…

Continue ReadingSouth Africa Retailer Pick n Pay Now Accepts Payment in Bitcoin at 39 Outlets

Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process

According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as…

Continue ReadingChinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process

Mastercard Study: African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021

In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on the continent, a new study has found. While its share…

Continue ReadingMastercard Study: African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021

Nigeria Can Become World Leader in the Digital Economy Says Vice President Yemi Osinbajo

According to Nigerian Vice President Yemi Osinbajo, his country is well-positioned to become a global leader in the digital economy. However, for that to happen, Nigeria must choose the right…

Continue ReadingNigeria Can Become World Leader in the Digital Economy Says Vice President Yemi Osinbajo

White House Releases ‘First-Ever’ Framework for Digital Asset Development — Crypto Industry Leader Says Recommendations Are Unclear

The White House has now released what it called its “first-ever” comprehensive framework for the responsible development of digital assets just over six months after U.S. President Joe Biden signed…

Continue ReadingWhite House Releases ‘First-Ever’ Framework for Digital Asset Development — Crypto Industry Leader Says Recommendations Are Unclear

Nigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes

Nigeria’s peer-to-peer bitcoin traded volumes of over $1.1 billion between January 2021 and June 2022 mean the West African nation is now Paxful’s largest market. Kenya, which saw traded volumes…

Continue ReadingNigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes

Binance CEO Meets Senegalese and Ivory Coast Presidents, Says ‘Africa Is Primed for Crypto Adoption’

Changpeng Zhao, the CEO of cryptocurrency exchange Binance, tweeted that he recently held meetings with the presidents of Senegal and Ivory Coast. The meetings are part of his initiative which…

Continue ReadingBinance CEO Meets Senegalese and Ivory Coast Presidents, Says ‘Africa Is Primed for Crypto Adoption’

Senator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico

Indira Kempis, senator of the Mexican Congress, has proposed a bill that would make bitcoin legal tender in the country. The bill bases its action on the hardships that Mexican…

Continue ReadingSenator Indira Kempis Proposes Bill to Make Bitcoin Legal Tender in Mexico