- Cryptotimes Africa

How crypto is shaking up remittances in Africa

There are more than 200 million people relying on cross-border transfers to send money home, and more than 800 million people benefit from these transactions. Remittance flows in low- and middle-income countries, according to the World Bank, reached US$656-billion in 2023. However, Africa continues to struggle…

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Three Ways Artificial Intelligence (AI) Tools Can Help Drive Efficiencies for Small Businesses

by Terry Kunle 4 days ago

Almost everywhere you look today the use of Generative Artificial Intelligence (AI) is there. According to this year’s GoDaddy (www.GoDaddy.com) Global Entrepreneurship Survey, 94% of respondents reported that digitization has already noticeably improved the work processes in their small business. GoDaddy shares…

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The Future of Crypto Regulation in Africa: Balancing Innovation with Compliance

by Dare Afolabi 4 days ago

In recent years, Africa has seen a cryptocurrency use and innovation surge. In 2023, Sub-Saharan Africa received approximately $125 billion in on-chain cryptocurrency value, marking a $7.5 billion increase from 2022, with Nigeria leading the continent with a 66.8% share of cryptocurrency…

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Polygon (POL) and Solana (SOL) Near Key Resistance: Could Cybro Outperform Them Both?

by Terry Kunle October 20, 2024

Two prominent digital coins are nearing significant barriers in their price movements, capturing the attention of traders everywhere. While Polygon and Solana edge closer to these pivotal points, a new contender, Cybro, is rising rapidly. Could this emerging asset surpass them both…

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Aya Data: A Ghanaian AI Startup Making Waves in Data Annotation and Bespoke Solutions

by Terry Kunle October 20, 2024

Ghana's burgeoning tech scene has a new star: Aya Data, an AI consultancy startup making significant strides in data annotation and building custom AI solutions for businesses. With a recent seed funding round of $900,000, Aya Data is poised to scale its…

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Baby Doge Coin Pumps 200%

by 'Femi Michael October 15, 2024

Baby Doge Coin has been on a roll for four days straight, hitting $0.0000000028—the highest it’s been since March this year. This old-school meme coin is seeing some of its biggest gains since the bull run back in 2022. The spike? It’s…

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SARS and FSCA Collaborate to Strengthen Crypto Tax Compliance Efforts

by 'Femi Michael October 14, 2024

SARS is closely working with the Financial Sector Conduct Authority (FSCA) according to its plan to compile information on registered Crypto Asset Service Providers (CASPs). Local crypto exchanges are also obliged to reveal user information, hence strengthening compliance. International cooperation supports this…

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Top Crypto Picks for 2024: Unpacking Qubetics’ Presale and the Rise of Tezos and Stacks

by Terry Kunle October 12, 2024

Is your cryptocurrency equipped for seamless spending like cash? In a world where most digital assets are confined to exchanges or speculative holdings, Qubetics ($TICS) breaks the mould by offering Debit and Virtual Card Integration, allowing users to spend their crypto in…

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Fincra’s Continental Vision: Bridging Africa’s Payment Gap

by Terry Kunle October 11, 2024

Fincra, an African payment infrastructure provider, has achieved a significant milestone in its expansion plans. The company has secured a Third Party Payment Provider (TPPP) licence in South Africa, enabling it to offer its payment solutions to businesses in the country. This…

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Traditional banks and fintech: How Zone is bridging the gap – Yewande Adewunmi

by Terry Kunle October 9, 2024

The divide between traditional banks and fintechs in Nigeria is gradually closing up. From technology to regulation, a lot has happened over the years that have made both of them grow similar. However, there used to be a chasm between traditional banks…