Category: Fintech

Zimbabwean Minister Says Cryptocurrency Based Solutions ‘Could Lower Charges for Diaspora Remittances’

Zimbabwean Minister Says Cryptocurrency Based Solutions ‘Could Lower Charges for Diaspora Remittances’

The Zimbabwean minister of finance, Mthuli Ncube, has once again talked up the potential advantages of using cryptocurrencies. In new comments made shortly after visiting the DMCC Crypto Centre in Dubai, Ncube raises the possibility that the country might use cryptocurrency-based solutions to lower the cost of remitting funds across borders. Understanding Cryptocurrencies Prior to […]

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E-Naira Countdown: Nigerian Experts Question Selection of Bitt Inc as Central Bank’s Fintech Partner

E-Naira Countdown: Nigerian Experts Question Selection of Bitt Inc as Central Bank’s Fintech Partner

Nigerian fintech entrepreneurs have slammed the Central Bank of Nigeria (CBN)’s decision to select Bitt Inc as its fintech partner. They insist that the choice of Bitt Inc, a Barbados based firm, undermines central bank claims that it is “fighting for the naira in the forex market.” Bitt Inc’s Market Capitalization In fact, as the […]

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Panama lawmaker introduces proposed crypto regulation law

Panama lawmaker introduces proposed crypto regulation law

An independent lawmaker in Panama has introduced a bill to the country’s National Assembly that if approved will regulate crypto assets and promote blockchain adoption. The proposed law aims to make Panama “compatible with blockchain, crypto assets and the internet,” tweeted congressman Gabriel Silva, whose profile photo features the red laser beam eyes popular with […]

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From Uber to Revolut to Bitpanda: Inside Irina Scarlat’s formula for ‘hyper-growth’

From Uber to Revolut to Bitpanda: Inside Irina Scarlat’s formula for ‘hyper-growth’

Quick Take Bitpanda’s newly-hired chief growth Irina Scarlat officer aims to grow the platform’s user base to ten million people by the end of next year.  Scarlat is acutely aware of the pressure that such rapid growth can exert on staff, but believes that helping junior staff to prioritize tasks prevents them ‘running like a […]

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Report: Nigerian Securities and Exchange Commission Sets Up Fintech Division for Crypto Research

Report: Nigerian Securities and Exchange Commission Sets Up Fintech Division for Crypto Research

Nigeria’s securities regulator, the Nigerian Securities and Exchange Commission (SEC) has set up a fintech division “to study crypto investments.” This was revealed by Lamido Yuguda, the director-general of the SEC during an interview. Protecting Crypto Investors In the interview, Yuguda explains that the study’s findings will help inform the SEC of the best ways […]

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SEC chair Gensler reaches out to European Parliament on crypto regulation

SEC chair Gensler reaches out to European Parliament on crypto regulation

Chairman of the U.S. Securities and Exchange Commission Gary Gensler appeared before the European Parliament on Wednesday for an “exchange of views.” Speaking virtually before the Committee on Economic and Monetary Affairs, Gensler highlighted financial technologies that are breaking down borders and bringing European and American markets together. “I think the transformation we’re living through […]

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Brazil’s Nubank to acquire instant payment platform Spin Pay

Brazil’s Nubank to acquire instant payment platform Spin Pay

Brazil’s Nubank will acquire Spin Pay, a fintech company that supports retailers accepting payments through the country’s Pix instant payment system.  The acquisition aims to help Nubank boost its e-commerce payment solutions, the company explained in an August 30 press release. Spin Pay, which will remain a separate company after the deal, works with more […]

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Community investing DeFi project scores $20 million raise led by a16z

Community investing DeFi project scores $20 million raise led by a16z

Syndicate, a decentralized finance (DeFi) organization focused on investing, has announced a $20 million Series A fundraise. Venture capital firm Andreessen Horowitz (also known as a16z) led the round, alongside an array of over 150 investors. That bevy of backers includes celebrities such as Ashton Kutcher and Snoop Dogg, alongside investment firms like Coinbase Ventures […]

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