Fintech

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Nigerian Mobility Fintech Secures $20 Million From British Development Finance Institution

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A Nigerian fintech, Moove, recently secured a $20 million investment from British International Investment (BII). Moove said the funds will be used to democratize access to vehicle ownership in Africa. Credit Extended Based on Drivers’ Performance and Revenue Analytics The British development finance institution (DFI), British International Investment (BII), recently said it had invested $20 … Read more

Financial Companies Report First Deal With Digital Assets Under Russian Law

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Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement of Digital Financial Assets VTB Factoring, a subsidiary of Russian majority state-owned Vneshtorgbank (VTB), … Read more

Kenyan Law Enforcement Agency Arrests Two Students Accused of Using Stolen Funds to Buy BTC

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Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement agency has said. After converting the cryptocurrency to local currency, the two students would use the fraudulently acquired funds to sustain their lavish lifestyle. … Read more

Human rights activists take aim at privileged crypto critics in letter to Congress

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The group of 21 activists provided examples of how crypto assists people around the world, saying “tens of millions” rely on Bitcoin (BTC) and stablecoins as a way to access financial tools. Go to Source Powered by WPeMatico