Lazerpay, a web3 and crypto payment company, is shutting down. The shutdown comes months after the startup’s founder, Njoku Emmanuel, shared that the company was having trouble raising money. According to a statement shared by the founder Njoku Emmanuel on Twitter, the…
Binance, a leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced its collaboration with Showmax, Africa’s video streaming service to further promote crypto adoption in the continent.
They are offering the first 500 new enrollees a one-month subscription on the SVOD platform…
The Peer-to-Peer Platform Gives Nearly Nine Bitcoin to Impacted Users
Paxful, the global peer-to-peer Bitcoin platform, announced today it is giving nearly nine Bitcoin to its Paxful Earn users impacted by the Celsius collapse. The funds will be sent to Paxful Wallets…
Hyperspace Technologiesa Lagos-based Web3 startup specialising in next-level smart security infrastructure and key management systems, has announced the launch of its product, the Keymaster VAULT.
Designed to cater to the African market, Keymaster VAULT is a secure, NFC-based hardware wallet that stores private…
The Bank of Ghana (BOG) has stated the launch of the E-Cedi project has been delayed due to the economic challenges faced in 2022.
The BoG Governor Dr. Ernest Addison stated that although significant progress has been made in the development of…
A recent report by Cellulant on the payment system in Africa has identified three major trends that are challenging the dominance of cash in business transactions. These trends include the adoption of cryptocurrencies, the introduction of central bank digital currencies (CBDCs), and…
Mr. Alvin Rume Ophi, a well-known crypto preacher and Nigerian tech/crypto entrepreneur, has been named the Chief Judge of the Africa Crypto Giants Awards (ACGAwards) 2023, according to a statement by the event organizers. The annual ACGAwards is dedicated to acknowledging and…
South Africa’s apex regulating bank, the Reserve Bank Of South Africa (SARB) announced that it will examine how to utilize properly the benefits inherent CBDC and stablecoins usage among institutions in the next phase of its digital blockchain technology project termed, Project…
In the last ten years, there has been a remarkable increase in the acceptance of cryptocurrencies worldwide. A growing number of individuals and institutions are embracing the use of cryptocurrencies. This adoption trend has been fueled by the implementation of more streamlined…
The central bank of Nigeria has reversed its decision to centralize its Open Banking efforts with NIBSS, the national payment settlement mechanism.
The decision was reversed after intense consultations with industry players. The central bank has aligned with the "Open" aggregation…