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Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which are all members of the East Africa Community (EAC) trading bloc, are hoping this alternative will create a pathway that leads to the attainment of … Read more
Research into central bank digital currencies will play a significant role in Hong Kong’s fintech development efforts. Go to Source Powered by WPeMatico
Chipper Cash, an African fintech firm that specializes in facilitating cross-border payments, recently closed a $100 million Series C funding round. Taking the lead in what is now Chipper Cash‘s third fundraising round in the past twelve months is the venture capital (VC) firm, SVB Capital. The VC firm is an investment arm of U.S. … Read more
Another hurdle financial services and institutions need to address is mainstream digital asset adoption. Go to Source Powered by WPeMatico
One of Zimbabwe’s biggest financial institutions, CBZ Holdings says it is looking at ways it could “leverage cryptocurrencies and other emerging digital innovations.” According to the financial institution’s chairperson, Marc Holtzman, CBZ “is open-minded about new innovations, as these could open up new opportunities going forward.” Innovations Opening up New Markets Speaking in an interview … Read more
The digital money format war could be won or lost on the battleground of tokenization. Go to Source Powered by WPeMatico
Figure Technologies brings its valuation to $3.2 billion with a new round of funding. Go to Source Powered by WPeMatico
According to a new report published by the Capital Markets Authority (CMA) of Kenya, the country’s regulatory sandbox has now received 24 applications, queries, and proposals since March 2019. From this total, only seven firms have been admitted into the sandbox, and “a few more (are now) in the final stages of review.” However, just … Read more
The rollout of the Polkadot protocol has been ongoing since August, when the project launched its Rococo testnet. Go to Source Powered by WPeMatico
In its bid to help users avoid high gas fees on Uniswap, a Kenya-based fintech firm, UTU, recently launched a liquidity pool on the decentralized exchange (dex), Pancakeswap. This launch enables prospective UTU coin buyers to acquire the token “with low fees and fast confirmation times.” In a statement posted on the firm’s blog, UTU, … Read more