In a recent turn of events, law enforcement officers executed a raid on a warehouse operated by WorldCoin, a cryptocurrency company based in Nairobi. The officers reportedly seized a collection of documents and machines suspected to contain sensitive data, marking a significant…
Months before Kenya finally banned iris scans by Sam Altman’s crypto startup Worldcoin, the Office of the Data Protection Commissioner (ODPC) had ordered its parent company, Tools for Humanity, to stop collecting personal data.
The ODPC had in May this year instructed the crypto…
"We have stopped performing World ID verifications in Kenya while we continue to discuss the issues raised by the local regulators. We regret the inconvenience caused to everyone in Kenya. For privacy, World ID was designed. We anticipate starting up again and…
In response to growing concerns over data security and protection, Kenya has taken the decision to halt the use of the iris-based cryptocurrency, Worldcoin. The government announced on Wednesday that investigations would be conducted to assess the authenticity, legality, and intended use…
According to the company, these subsidiaries will be dedicated to supporting both seed-stage and growth-stage startups. The new subsidiaries are not intended to replace Spark Fund, which was launched eight years ago.
safaricom, the leading telecommunications company in Kenya, says it will…
Boya, the innovative Kenyan fintech firm, has unveiled its cutting-edge virtual Visa expense card, a pioneering product aimed at revolutionizing expense management for local businesses. The card was launched in collaboration with VISA and Diamond Trust Bank (DTB) to provide a comprehensive…
Flutterwave Turns its Attention to Rwanda Despite Persistent Problems in Kenya, the East African Hub
As it looks to develop a central hub for payment operations in the East Africa region, Flutterwave is shifting its focus to Rwanda, according to sources.
Oluwabankole Falade, the Chief Regulatory and Government Relations Officer of Flutterwave, reportedly stated the company's commitment…
Even while only 2% of all cryptocurrencies' value is spent on the African continent, their explosive growth will change how money is spent in a sub-Saharan Africa that is becoming more urban and digital. In fact, according to a recent research by…
Cryptocurrency trading has gained significant traction in Africa as more individuals recognize the potential for financial growth and investment opportunities in the dynamic digital asset market. However, navigating this rapidly evolving landscape requires a strategic approach to maximize potential returns while managing…
To reward network node operators, the company uses the World Mobile Token ($WMT). The CEO of World Mobile revealed exclusively to BitKE that the Cardano blockchain is the foundation for the currency.
The owner of a decentralized wireless (DeWi) network, World Mobile,…