Ridwan Ridwan, Author at Cryptotimes Africa

News

Union54, a leading fintech in Zambia, will work with MasterCard to launch a pan-African super-app.

by Ridwan Ridwan July 3, 2023

After facing a hiccup in its operations in 2022 owing to a chargeback fraud event, Union54, a Zambian fintech firm, is getting ready to launch a super-app called ChitChat in partnership with MasterCard. ChitChat is a joint project between Union54 and MasterCard,…

News

As digital reforms advance, the Togolese Parliament amends the law on electronic transactions.

by Ridwan Ridwan July 3, 2023

Togo introduced a revised law on electronic transactions during the fifth plenary session of the National Assembly's first regular session in June 2023. The goal of this endeavor is to match the current laws with the new problems and difficulties brought on…

News

IMF advises Nigeria to take into account integrating mobile money to speed up the slow adoption of the eNaira.

by Ridwan Ridwan July 2, 2023

The Central Bank Digital Currency (CBDC) of Nigeria has had relatively little traction more than a year after its introduction, which has disappointed the International Monetary Fund (IMF). The wallet downloads initially had some success, reaching 500,000 units in the first 25…

uncategorized

Launch of a Developer Toolkit for L2 Blockchains by Optimism

by Ridwan Ridwan June 29, 2023

The Layer 2 scaling solution for Ethereum apps known as Optimism is now referred to as OP Mainnet. This rebranding is viewed as a tactical choice that supports the project's objective of creating a "superchain" network made up of numerous Layer 2…

Coins

How Does Cryptocurrency Security Impact Economic Issues?

by Ridwan Ridwan June 29, 2023

Cryptocurrency security is a critical issue that impacts the economic viability of cryptocurrencies. Cryptocurrencies are digital assets that are secured through cryptography and are designed to function as a medium of exchange. Cryptocurrencies offer several advantages over traditional fiat currencies, including decentralization,…

News

Africa’s best country for remote work cyber security is Senegal, followed by Nigeria.

by Ridwan Ridwan June 27, 2023

Senegal has emerged as the most cyber-secure African nation for firms to permit their workers to work remotely, according to recent research by cybersecurity firm Indusface. Senegal is the most secure country in Africa, according to research by the cyber-security firm Indusface,…

News

One year after entering Ghana and Nigeria, the cryptocurrency startup Pillow has shut down.

by Ridwan Ridwan June 27, 2023

Pillow offered its users the chance to invest in Bitcoin, stablecoins, and other currencies, with initial returns of up to 18%. The two-year-old firm had been successful in raising a total of about $21 million. A Singaporean firm called Pillow, which had…

De-Fi

Decentralized Finance (DeFi): What Is It and How Does It Operate?

by Ridwan Ridwan June 26, 2023

DeFi stands for "decentralized finance," which is a term used to describe financial systems that operate on a decentralized blockchain network. This means that instead of relying on centralized institutions like banks or governments to manage financial transactions, DeFi allows for peer-to-peer…

Coins

What are cryptocurrencies, and how do they operate?

by Ridwan Ridwan June 24, 2023

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is decentralized and operates independently of a central bank. Cryptocurrencies are becoming more popular as a medium of exchange and store of value, and are seen by some as…

News

According to a recent report, 3% of all blockchain developers worldwide come from Africa.

by Ridwan Ridwan June 24, 2023

Africa trails behind with just 3% of the world's developer talent, whereas the United States and Europe account for about 60% of all blockchain developers globally. Despite an almost 70% drop in cryptocurrency prices, the number of monthly active Web3 developers climbed…