Safaricom Denies Deal With Zetacoin

By
Sam Wakoba
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4
1543

zet1In a tweet this evening Safaricom denied any involvement or deal with Zetacoin, an open source crypto-currency based on the Bitcoin protocol contradicting our sources who had hinted of such a deal. When we contacted Safaricom months ago, the firm denied any such deal.

When we went back to our sources, they said they clearly never said they had a deal with Safaricom but only cited a telco. Now that Safaricom has said there is no such deal, we know they mean it.

 

TechMoran will update you on more local information as soon as it gets it.

Zetacoin features fast transaction times and fast difficulty adjustments. It claims a transaction speed 20 times faster than bitcoin and the firm even tweeted about not having not any such deal a few weeks ago even as everyone talked of such talks with a telco.

 

zeta1It’s so contradictory. Thousands claimed thay have invested millions into this project were waiting for Safaricom to have its licence renewed and it was. Still thousands suspected it to be a scam. But those who put in money and those who are behind it still have hope. Those who think it’s scam are not afraid to say it’s. We will speak with all parties involved and have an indepth story on this.

 

 

Images:altcoinstrader.com

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Sam Wakoba
Sam Wakoba
http://techmoran.com
Based in Nairobi, Kenya, Sam is a pan-African technology journalist, author, entrepreneur, technology business mentor, judge, educationalist, and a sought-after speaker and panelist across Africa’s innovation ecosystem. He is the convenor of the popular monthly #TechNight evening event and the #StartupEast Awards and Conference, platforms that bring together startup founders, developers, entrepreneurs, investors, content creators, and tech professionals from across the continent. For more than 16 years, Sam has reported on and analysed Africa’s technology landscape, covering some of the continent’s most impactful, and at times controversial policies, programs, investors, co-founders, startups, and corporations. His work is known for its independence, depth, and fairness, with a singular goal of helping build and strengthen Africa’s nascent technology ecosystem. Beyond journalism, Sam is a business analyst and consultant, working with brands, universities, corporates, SMEs, and startups across East Africa, as well as international companies entering the East African market or scaling across Africa. In his free time, he volunteers as a consulting editor and fintech analyst at Business Tech Kenya, a business, technology, and data firm that publishes reports, reviews, and insights on business and technology trends in Kenya. Follow him on X: @SamWakoba
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