Ridwan Ridwan, Author at Cryptotimes Africa

News

Zimbabwe’s gold-backed digital tokens are “at an advanced stage of rollout for daily transactions,” according to the reserve bank governor.

by Ridwan Ridwan August 14, 2023

Given that ZiG, in its current structure and functionality, shares many characteristics of a CBDC, it is envisaged that this instrument would serve as the foundation for the country's central bank digital currency (CBDC). Local news sources claim that Zimbabwe is now…

News

Decoding M-PESA: Kenya’s Revolutionary Mobile Payments System.

by Ridwan Ridwan August 13, 2023

It is impossible to emphasize the importance of M-PESA to financial inclusion, economic development, and personal empowerment. M-PESA's amazing success can be attributed to five important characteristics that have helped it rise to the top of the mobile payments industry worldwide. M-PESA…

News

The World Bank and other actors, who vastly underestimate all Africans, are our problem. says Uganda’s president.

by Ridwan Ridwan August 12, 2023

President Museveni said, "There are a number of non-Bretton Woods sources from which we can borrow if there is an absolute need for borrowing." Yoweri Museveni, the president of Uganda, has stated that if the nation needs to borrow money, non-Bretton Woods…

Bitcoin

The Evolution of Cryptocurrencies: From Bitcoin to DeFi.

by Ridwan Ridwan August 11, 2023

Cryptocurrencies have revolutionized the financial world, ushering in a new era of decentralized digital assets that have the potential to disrupt traditional financial systems. At the forefront of this revolution is Bitcoin, the pioneer of cryptocurrencies, which introduced the concept of blockchain…

News

FlexID, a Zimbabwean identity startup, introduces FlexPay, a P2P service powered by WhatsApp, on Algorland.

by Ridwan Ridwan August 11, 2023

By connecting their bank account or debit card to the wallet, users, according to FlexID, can quickly send and receive money, pay bills, make purchases, and access extra services like investment options and budget management tools, all from the WhatsApp interface. The…

News

Nigeria will issue certificates for the National Youth Service Corps using blockchain to combat fraud.

by Ridwan Ridwan August 10, 2023

The DG then visited our office. He requested our assistance, and we agreed to work with them to create a blockchain certificate authentication system that will enable individuals to review and validate all NYSC certifications. - NITDA Director General The National Youth…

News

According to a July 2023 Report, 82% of B2B payments in South Africa are digital, the highest percentage in Africa.

by Ridwan Ridwan August 10, 2023

About 39.9% of respondents indicated that invoices are normally completed within a day or less in South Africa, while Nigeria was closely behind at 39.7%, taking the lead in terms of invoice processing speed. South Africa is leading the digital revolution of…

News

Vault Pay, a Congolese fintech company, is the third African startup to be accepted into the Y-Combinator S23 batch.

by Ridwan Ridwan August 8, 2023

Vault Pay, a startup from the Democratic Republic of the Congo, is the third African startup to be chosen for the cohort after being chosen for the Y Combinator Summer 2023 (S23) class. The payments company has joined the S2023 group together…

News

Ban on 18 Companies Lifted by the Central Bank of Nigeria for “Dealing in Crypto” and Weakening the Naira in 2021.

by Ridwan Ridwan August 7, 2023

Several local sources state that the Central Bank of Nigeria has withdrawn sanctions against a number of fintech and FX players that were imposed in 2021 during the crypto ban period. The 440 individuals and businesses' bank accounts were subject to a…

News

According to the most recent McKinsey report, 12 African cities will have populations over 10 million by 2040.

by Ridwan Ridwan August 6, 2023

By 2040, 31 African cities will be home to more than five million people, according to a recent study by Mckinsey, the top global consulting firm. According to the estimate, nearly 500 million people are expected to move to urban areas in…