Nigerian Startup, Zone, Raises $8.5M in Seed-Funding Round

Nigerian Startup, Zone, Raises $8.5M in Seed-Funding RoundZone, a Nigerian payment fintech startup that leverages the blockchain, recently raised $8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with the trial of Zone’s cross-border payment capabilities in 2025. Zone to Expand Its Payment Infrastructure Zone, a blockchain-based Nigerian payments startup, has […]

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Russia Hints at Development of CBDC-Based BRICS Bridge Payments System

Russia Hints at Development of CBDC-Based BRICS Bridge Payments SystemRussia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current payment system outside the West’s “unfriendly infrastructure.” Russia Hints at Using CBDC […]

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