Bitcoin’s wild ride

Bitcoin has been on a volatile ride in recent times, its value rising and falling like a kite caught in variable winds. Its future will likely be as unpredictable as its past given that it’s a currency propped up by risk-takers, a target of lawmakers and tied to nothing…

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Kenya's first Bitcoin ATM

Kenyans will now be able to buy Bitcoins using cash thanks to a new Bitcoin ATM machine in the East Afrikan country. Installed in Nairobi, the Bitcoin ATM machine is the first in Kenya, and possibly East Afrika, and it will also allow people to buy Litecoin using cash. The…

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The real value of Bitcoin

One of the hot questions regarding the bitcoin since the first ones were created in January 2009 is its real value. According to Warren Buffett, the most influential investor in the world, the answer to this question would be: not much. We will try as well to answer to this…

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QR payments now possible in Tanzania

People in Tanzania can now make payments for various goods and services using QR codes. This is the result of a partnership between Mastercard and Tigo which will give Tanzanians the ability to use their Tigo Pesa app to make QR payments with Masterpass QR. The interoperable QR payments solution…

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How digital disruption affects banks

It’s the age of The Internet of Things, and one of those "things" is banking. The rapid pace of technological evolution has created many super trends like cloud computing and big data analytics that have reshaped the business world, but have also turned an entire generation – Millennials, also known…

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Investing in Afrikan startups that drive financial inclusion

During May 2018, Lidya, a Nigerian startup which has developed a digital financial services platform focused on improving access to credit for small businesses in Afrika, announced that it had concluded a Series A fund raising round totalling $6,9 million. The Series A funding round which is among the…

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Kenya wants to regulate FinTech

Patrick Njoroge, Governor at the Central Bank of Kenya, has indicated that Kenya should look into regulating FinTech especially in the microlending sector. This is because, as Njoroge elaborated, the microlending FinTech solutions have led to "predatory lending practices." “There’s an increase in let’s say financial-type institutions that…

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