Multinational Payments Giant Visa Purchases Cryptopunk NFT for $165K in Ether

One of the world’s most valuable companies in terms of market capitalization, Visa, has revealed it has purchased a non-fungible token (NFT) from the Cryptopunks collection. Visa’s official news-based Twitter account told its 114,000 followers it paid 49.5 ether ($165K) for the Cryptopunk #7610. Visa Is a Believer in Non-Fungible Token Commerce On August 23, … Read more

Nigerian Foreign Exchange Crisis: Central Bank Issues Warning to Microfinance Banks

The Central Bank of Nigeria (CBN) has threatened punitive sanctions against microfinance banks that violate the conditions of their operating license through the performance of foreign currency-related transactions. In its latest circular, the CBN claims that microfinance banks have a very low capitalization hence their handling of such transactions threatens the stability of the financial … Read more