fintech
Nigeria’s Flutterwave Appoints New CFO
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MTN Group Appoints New Chief Risk Officer of Fintech
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Human rights activists take aim at privileged crypto critics in letter to Congress
Human rights activists from 20 countries have submitted an open letter to the United States Congress in support of a “responsible crypto policy” and praising Bitcoin and stablecoins as essential tools aiding democracy and freedom for tens of millions. The letter comes just a week after an anti-crypto open letter was sent to Congress purporting to be from the scientific community but whose lead signatures included well known crypto critics and authors from high income, democratic countries. The group of 21 activists clapping back include those from countries which have either seen recent conflict or have otherwise unstable economies such as Ukraine, Russia, Iraq, Nigeria, Venezuela, Cuba and even North Korea. The letter states: “We write to urge an open-minded, empathetic approach toward mo...
Former MTN CEO Secures Funding for New Fintech Venture
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Corporate evolution: How adoption is changing crypto company structures
Crypto-focused companies have come a long way since their beginnings in terms of corporate structure, employee motivation, decision-making systems, compliance and other aspects of their operations. While the early 2010s saw startups founded by small groups of crypto enthusiasts, the space has since grown to become home to large institutional businesses. Still, crypto companies are engaged in business, and business is alien to anarchy. The rapid growth of the cryptocurrency industry in the 2010s transformed small, independent businesses into huge conglomerates with thousands of employees and offices worldwide. Investment funds and professional investors own shares of them, many have functioning boards of directors, and their corporate structures have dozens of departments and divisions. But...
The Top Digital Banking Mega-Trends to Keep in Mind for 2023
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Ukheshe Set to Launch New Simplified Tap-on-Phone Payments Tech
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MTN Appoints New Executive for BankTech
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AlphaCode Awards More than $161,000 to Pandemic-founded Tech Startups
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Disrupt Africa Partners with SA SME Fund & Nedbank CIB
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South Africans Score Big Through Nedbank-linked Game
Image sourced from PYMNTS. Expand, a mobile app that rewards players with cash and airtime for their knowledge and attention to brands, products, and services, has taken South Africa by storm. At 20:00 every weeknight, tens of thousands of people from every corner of the country are glued to their mobile device screens in an attempt to win their share of cash and airtime, and a chance to win up to R10 000 ($645,48) in cash. A first of its kind globally, Expand is a digital game of skill that was made possible through a partnership between Nedbank and Expand. Since Expand first launched on 4 October 2021 as a web-based game, thousands of fun-loving South Africans have shared in cash and airtime prizes worth more than R5,5 million ($355 047,16). According to Maude Korte, Head of Commercialis...
Crypto-associated stocks hammered as COIN and HOOD drop to record lows
Bad news continues to dominate crypto media headlines and May 12’s juiciest tidbit was the unexpected collapse of the Terra ecosystem. In addition to the weakness seen in equities, listed companies with exposure to blockchain startups and cryptocurrency mining have also declined sharply. Bitcoin mining stocks continue bleeding… Mining investors probably wish they had simply bought bitcoin instead at the beginning of 2022, as most bitcoin mining stocks have underperformed bitcoin by a wide margin. pic.twitter.com/anSoUEoUJ1 — Jaran Mellerud (@JMellerud) May 11, 2022 While it may be easy to blame the current pullback solely on Terra’s implosion, the truth is that the price of Bitcoin mining stocks has largely mirrored the performance of BTC since reaching a peak in November...
