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Web2 giants coming into Web3 could benefit ecosystem — PBW founder
21.3.2023
Paris Blockchain Week founder Michael Amar believes large Web2 companies entering the Web3 space bring resources capable of increasing mass adoption
Vietnam: Can it become the Fintech Mecca of the east?
21.3.2023
Hanoi, March 20, 2023: Vietnam’s fintech has reached new heights, and the newly introduced regulatory sandbox is further fueling its growth. The country’s fintech market is forecasted to reach a staggering $18 billion mark by 2024. Also, the approval for the National Digital Transformation...
Nigeria Fintech Revolution Summit 2023
20.3.2023
We, TraiCon Events, will be hosting Nigeria’s premier fintech event, “Nigeria Fintech Revolution Summit” scheduled on 10th & 11th May 2023 in Lagos, Nigeria. Over the top 300+ participants will attend this forum, including BFSI experts, fintech leaders, ministry & central...
Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank
19.3.2023
Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave’s representative in the country, the two licenses...
Africa-Focused Fintech Chipper Cash Weighs Possible Sale of Business
18.3.2023
One of Africa’s fintech giants, Chipper Cash, is said to be weighing the possibility of selling the business or bringing in new investors. According to the CEO of the FTX and Silicon Valley Bank-backed fintech startup, Chipper Cash had insignificant exposure to both SVB and Signature Bank....
CBDCs could provide smooth cross-border payments: Tel Aviv FinTech Week
15.3.2023
Yoav Soffer, the advisor to the deputy governor and CBDC project manager, spoke at Tel Aviv FinTech Week, explaining how a recent CBDC experiment proved efficient in cross-border transactions
Study Shows QR and Digital Payments Continue Gaining Ground in Argentina
14.3.2023
A recent study made by Fiserv, a global payments company, shows that QR and digital wallets have grown significantly as payment options in Argentina. While credit card preference has stagnated, the use of cash for payments has decreased, with only 14% of the polled choosing to use it over other...
BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report
13.3.2023
Christine Okike, a lawyer representing BlockFi at its bankruptcy hearing claimed that BlockFi is not in immediate danger and has sufficient funds to continue operating normally
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity
11.3.2023
On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped...
China’s Wechat Adds Support for Digital Yuan Payments
8.3.2023
Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the People’s Bank of China. Wechat Pay Follows Alipay...
Nigeria Fintech Flutterwave Denies Client Account Hacking Reports
6.3.2023
The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitoring system helped to uncover “an unusual trend of transactions on some users’ profiles.”...
B2BinPay’s New Partnership With the Athletic Club Is a Triumph for Both Sports and FinTech
4.3.2023
PRESS RELEASE. B2BinPay has unveiled that they are now an official sponsor of Athletic Club, one of Spain’s most renowned football teams! This momentous collaboration will begin on February 14th and continue until the 2023/2024 La Liga season. On top of the B2BinPay logo featuring prominently...
Step into the spotlight of fintech in Bangkok with the iFX EXPO
1.3.2023
iFX EXPO Asia 2023 is the premier event for business networking and collaboration in the financial and fintech space. The event is set to take place from June 20 to 22, 2023, in the vibrant city of Bangkok, Thailand. Following the resounding success of the previous edition, the event returns to...
Crypto and blockchain education becomes priority at top universities
24.2.2023
As crypto adoption rises, more universities are offering crypto courses
Report: Chipper Cash Lays Off More Workers — Crypto Department Still Operational, Says CEO
23.2.2023
The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire...
Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
21.2.2023
Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest...
Carbon market gets a much-needed boost from blockchain technology: Web3 exec
21.2.2023
Allinfra Climate exec thinks digitizing carbon market processes via distributed ledger technology can bring about efficiency and predictability that hasn’t existed before
Fintech & Crypto Summit: The largest summit of the Middle East
21.2.2023
Fintech and Crypto Summit was held on the 15th and 16th of February 2023 in Crowne Plaza Bahrain Hotel, Manam, Bahrain, to spread awareness and the culture of the cryptocurrency and financial technology. The forum was held under the “Entrepreneurship in Financial Technology and Cryptography“ title...
African Fintech Startups Raised $1.45 Billion in 2022 — Sector’s Share of the Continent’s Total Funding Drops
19.2.2023
Despite seeing their share of Africa’s startup funding drop from 48.3% seen in 2021 to 43.4% in 2022, fintech still managed to raise 39.3% more capital in 2022 ($1.45 billion) than they did in 2021 ($1.04 billion). Nigeria was again the best-funded country after 180 of its startups raised...
Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework
16.2.2023
The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime to govern as well as develop the country’s virtual assets market. The regulator said the envisaged regulatory regime enables it to avail an “alternative financing and investment platform...