Gates Foundation partners Ripple to launch Mojaloop, a blockchain ledger to promote financial inclusion in Africa


The Bill & Melinda Gates Foundation has partnered Ripple among others to launch Mojaloop, a blockchain ledger to promote financial inclusion in Africa.

Mojaloop, a decentralised and open source payments platform based on Ripple blockchain technology will simplify and reduce the cost of developing inclusive payment platforms. It will also enable an individual’s digital wallet to connect with her employer’s bank account and her children’s school account to complete monthly transactions.

According to Kosta Peric, Deputy Director, Financial Services for the Poor, at the Gates Foundation, “Just as the internet revolutionized digital communication, open-source solutions like Mojaloop can spark innovation and democratize access to digital payments, empowering billions of new customers and driving massive economic growth in developing markets.”

Mojaloop was created in partnership with fintech developers Ripple, Dwolla, ModusBox, Crosslake Technologies and Software Group, using cutting-edge technology such as the Interledger Protocol, a solution for settling funds among multiple providers across their individual systems.

Developers can access the new software on GitHub to build interoperable systems which connects bank accounts to mobile money wallets and merchants in an open loop directory service layer which easily identifies accounts on each side of a transaction to make payments instant and irrevocable; hence cutting fraud.

Mojaloop is working with Ericsson, Huawei, Telepin, and Mahindra Comviva mobile money systems to develop an Open API for mobile money interoperability. These APIs will allow mobile money providers to integrate seamlessly with Mojaloop and products built from it.

“In order to achieve the full potential of mobile money, we must evolve today’s complex and often fragmented digital payments ecosystem,” said Mr. Shi Yaohong, President of Software Product Line at Huawei. “I look forward to exploring opportunities to leverage Mojaloop to help us achieve our goal of bringing digital financial services to all poor and low-income customers.”

Tanjalo.com, a Lagos-based bitcoin trading platform launches to power borderless payments


Nigeria’s Tanjalo, is a new bitcoin exchange promising to allow anyone in Nigeria to buy or sell bitcoin in Nigeria.

The trading platform also promises to power cross-border money transfer across West Africa and increase access to cryptocurrencies in the region according to its founder Tim Akinbo.

Like its predecessor BitKoin Africa, the trading platform will see users buy bitcoin and other digital currencies online in exchange with Naira. The Lagos-based firm wants to simplify money transfer between countries in Africa and from the US to Africa through use of his bitcoin trading platform.

Bitkoin Africa is a person-to-Person bitcoin trading platform allowing users to sell and buy bitcoin from other users and is also based in Lagos, Nigeria. Bitkoin Africa founder Timi Ajiboye, said Bitkoin Africa aims to be the continent’s most secure payments and settlement platform with a secure Bitcoin Wallet. Through its escrow services Bitkoin Africa aims to make sure there is no fraud during transactions.

Hacken is launching its token sale on October 31, 2017


Hacken, a community driven cybersecurity blockchain project is launching its token sale on October 31, 2017, just a few weeks after it announced the formation of an all-star advisory board as well as the successful conclusion to its “HackIT Cup” final event.

According to Dmytro Budorin, CFO of Hacken, “We created Hacken to promote price and increase financial incentives around the white hat hacker profession. We strongly believe that Hacken will be successful in leading Ukraine to become the next European and ultimately international cybersecurity hub.”

The HackIT Cup brought together the top-30 white hat hackers worldwide and offered them a chance to meet tech luminaries Steve Wozniak and Philip Zimmermann during the opening ceremony.

Hacken had a HKN token pre-sale earlier in September, which served to disseminate the first decentralized crypto token that incentivizes white hat hackers to report bugs.

It’s pre-sale in September so the firm raise an equivalent of $650,000 with TaaS Fund and Cryptonomos, two active players in the international blockchain space among the first backers. In addition to the presale funds raised, Hacken received 33 BTC for winning the d10e ICO Pitch Competition held by the Blockchain Investors Consortium (BIC), beating out several other blockchain projects from around the world. The funds from the d10e Competition are being used to hire two full-time Ruby developers and a UI team who will focus on improving the HackenProof Platform.

One of the major differentiators of the HKN token will be the rate at which the HKN tokens are burned using the Hacken “burning” principle. The principle involves various trigger mechanisms to eliminate 1% of the entire amount of HKN tokens over different time periods. Via the “burning principle,” HKN will bring more value for its token holders by providing a mechanism to improve liquidity and decrease volatility.

The token sale will result in a community-based ecosystem of businesses, providing the following cybersecurity services such as the HackenProof bug bounty marketplace, Zero-day Remuneration Platform, the Hacken Accelerator and a Cybersecurity Analytics Center (CAC).

Phil Zimmermann, founder of PGP, leading expert on cryptography and secure communications. Andrii Zamovsky founder of Ambisafe and Orderbook Ethereum token exchange. Moe Levin, founder of Keynote FZE and organizer of the World Blockchain Forum. Mike Costache and Brad Yasar, founders of KrowdMentor and Blockchain Investors Consortium. Patrick Salm, founder of SmartOne Swiss-based law firm specializing in blockchain solutions and Yuri Olentir, co-founder of Cryptogroup, are part of the Hacken advisory group.

Dala token sale to raise $30m to start a financial revolution for the next 3.5 billion consumers


Wala is creating a borderless, rewards driven, zero fee financial platform that will be powered by the Dala token to start a financial revolution for the next 3.5 billion consumers.

To create this financial platform, Wala is looking to raise US$30M this October through an ICO and issue participants with their share of 300 million Dala utility tokens.

The Dala utility token sale starts on October 15, 6PM UTC and will use the Civic app to provide identity verification services to backers. To participate in the Dala presale and public sale you must complete registration by October 12, 2017 at 6pm UTC.

The Dala utility token is a general-purpose ERC-20 crypto-token created to enable free banking for emerging market consumers. Using the Dala Utility Token, the Wala financial platform aims to power financial inclusion for the next 3.5 billion people in emerging markets powered.

The Dala token is fractionally divisible and is independent of all local currencies and cryptocurrencies. Consumers will be able to engage in the Dala ecosystem by making transfers using their own token wallets, via the Wala Financial Platform, or through other applications built using the Dala API.

The first application to make use of Dala will be the Wala Financial Platform. Upon launch, the Dala token will have immediate utility within the Wala Financial Platform where a user can transfer Dala to other Wala users for free, remit across borders, and redeem for airtime, data, and other value-added services. Together, the Dala token and the Wala Financial Platform can remove all barriers enabling free and accessible financial services.

To enable a robust Dala ecosystem, Wala will incentivize users through a rewards model and seed partner service providers. The Dala token rewards model has been proven, supports the acquisition of billions of consumers globally and drives adoption of merchants, SMEs, banks, and corporations.

Dala is issuing đ 1 Billion (1,000,000,000) tokens to raise $30 Million. Founded by Tricia Martinez, Samer Saab and Ross McEwan, Wala is a financial platform with a mission to help people reach financial prosperity by eliminating the barriers to banking. Wala achieves this by making basic banking free and by making all financial services available through a customer’s phone.




Magic Mavo Studios Coin Sale to Disrupt Global $50 Billion Film, Streaming Media Platforms


Magic Mavo Studio, a Hong Kong-based entertainment production is set to launch its Initial Coin Offering (ICO) Crowdsale for MAVO Tokens starts November 6 2017 to build MAVO, a video playback platform that uses blockchain-based technology tied to new layers of smart contracts.

MAVO operates using MAVO Tokens (MVT) as utility tokens to bring filmmakers and producers, viewers and advertisers together in a bid to build a better model for the film industry. With MAVO, filmmakers will be able to exercise control over content rights for their own work, while being able to freely share their work on the MAVO platform.

MAVO is led by a team of highly experienced personalities from the global film industry including CEO and Founder Jack Lee, a film producer and former Vice President of Sparky Animation (Singapore) and Digibook SNDA (Shanghai), as well as acclaimed Hollywood producer Mario Kassar, well-known for producing iconic action-packed films such as Terminator and Rambo.

MAVO’s leadership team rounds out with Eric Yap, former Security & Infrastructure Architect at bitFlyer (world’s top cryptocurrency exchange), and Sandra Yap, a fintech entrepreneur and Hollywood actress and producer known for The Perfect Weapon, The Good Date and Savage Dog.

Jack Lee said, “MAVO is built on a solid foundation made up of a sound business model, a highly knowledgeable talent pool as well as an established and extensive network within the global film-making eco-system.

“The global film industry is also growing by leaps and bounds, with global film box office revenues targeted to reach almost US$50 billion by 2020. In terms of online streaming platforms, Netflix, the market leader, recently announced that it has surpassed 100 million subscribers.

“MAVO intends to not only capture a significant share of the traditional ‘box office’ and contemporary online streaming pies, but also shake-up the industry in a way that is more equitable for all participants. At the same time, MAVO can also inspire more creative, entertaining and innovative content that will benefit audiences worldwide,” Lee added.

Mario Kassar said, “The MAVO team is talented, full of energy and dynamic. I have full confidence in the team for fulfilling the aspirations of this dynamic platform.

“The film-making landscape today is changing rapidly, especially in the way films are produced and distributed. I am able to help MAVO succeed by leveraging on my network and connections to attract world-class actors and film-making talent, not only from Hollywood but also from the ever-vibrant Asian cinematic scene, to believe in this platform and support MAVO whole-heartedly,” Kassar concluded.

Built on blockchain-based technology, MAVO allows the audience to access a diverse range of content and support and reward filmmakers for their work by using MVT. In return, filmmakers can also reward the audience and advertisers via MVT for supporting their films. Additionally, advertisers who want to target a larger audience through online media can use MVT to exchange for advertising spots for exposure.

Wala raises undisclosed funding from Bitcoin Foundation’s Llew Claasen & Vinny Lingham ahead of October ICO


Built on the Ethereum blockchain, Wala has raised an undisclosed equity investment from Newtown Partners, a fund run by Bitcoin Foundation Executive Director Llew Claasen and serial entrepreneur Vinny Lingham.

Wala will use the new equity investment to deliver its promise of zero-fee financial services for the 3.5bn consumers who are currently excluded from the formal financial system. The firm provides access to transactional banking, remittances, loans and insurance for the unbanked and underbanked.

Wala also works with specialist providers including banks, to offer a full suite of financial services. It has grown its financial services community to 1 million consumers in over 100 countries. The consumers have been instrumental in testing the Wala Financial platform.

According to Wala founder and CEO Tricia Martinez: “Through the use of blockchain technology and tokenization, we have developed a platform that makes it possible to serve the financially excluded economically at scale. Our community’s guidance has ensured that the Wala Financial Platform has been built by the people for the people.”

The roll out of the Wala platform is initially planned for emerging markets in Africa, following the footprint of local banking services partners, before expanding globally. Newtown Partners was instrumental in helping its portfolio company Augmentors complete $1m token sale in February 2017 while Lingham’s Silicon Valley-based startup Civic completed a $33m token sale for a digital identity management platform in July.

“Wala’s blockchain-enabled platform will enable greater access to zero fee financial services to billions of consumers in emerging markets and enable everyone to become economically active, no matter where in the world they are. These are the kinds of big problems being addressed by  bold innovations that we like to back” explained Llew Claasen, managing partner of Newtown Partners.

As part of that journey, Wala will be the launch partner for a new financial services utility token, Dala, which will be sold and issued in a crowdfunding token sale this October. Dala will support the operationalization and further development of scalable, blockchain-enabled financial platforms for developing markets around a common unit of account and microeconomic incentive structure to create strong network effects.

The Dala token sale will look to crowdfund US$30M over a 4 week period and issue participants with their share of 300 million Dala utility tokens. The Dala token sale will also use the Civic app to provide identity verification services to backers.

Bitkoin Africa is a bitcoin exchange based in Nigeria to help you trade in bitcoin


Bitkoin Africa is Person-to-Person bitcoin trading platform allowing users to sell and buy bitcoin from other users.

Founded by Timi Ajiboye, the Lagos based platform aims to cater to Nigerians in Nigeria who are interested in trading bitcoin.

“With Bitcoin Africa , you can now buy and sell as much Bitcoin as you want, at whatever price you want, securely and conveniently. You can buy with your Debit cards (Visa or MasterCard) and when you sell, you get paid directly into your bank account,” Ajiboye posted on Twitter.

Bitkoin Africa aims to be different by allowing users to buy, sell, store or transfer Bitcoin – as conveniently and quickly as possible. Timi says users are assured of instant settlements on all trades, without the need to communicate with corresponding buyers or sellers. This makes us the only Bitcoin exchange platform to bring instant payments and settlements on all Bitcoin trades to Africa.

The platform provides secure Bitcoin Wallets, offers escrow services for traders allows various payment methods using Paystack. Users buy or sell bitcoin by creating or responding to Trade Postings or ads such as ads seen in classified platforms with users able to create Trade Postings indicating how much they are willing to buy or sell among others.

Bitkoin Africa, through its escrow services ensures that users don’t need to interact with each other during transactions to avoid fraud. The platform also hosts all bitcoins traded on the platform in the in-house bitcoin wallet.

“We act as the middleman in all transactions, thereby protecting the parties involved in a trade from fraud,” says Timi. “Each Bitkoin Africa account comes with a bitcoin wallet that enables users store, receive and send bitcoin. Bitkoin Africa transactions are carried out online and are facilitated by users’ Nigerian bank accounts or Naira debit cards.”

This insurance policy covers systems outage in the Internet of Things era


With the advent of Internet of Things, data is one of the most important assets in the world yet its not covered by standard property insurance policies.

Therefore any interruption to an organisation’s systems means an interruption to firms to conduct their core businesses. Data protection should therefore be at the center of every organisation to avoid a hack attack or computer virus or in case a malicious employee brings down these systems.

But where can one find cover for business interruption during such attacks? In 2016 alone, Kenya lost about Sh18 billion ($175 million) to cybercrime with over 48.4 per cent of all government agencies reporting data loss due to a virus attack according to an ICT security survey conducted by Kenya National Bureau of Statistics & Communications Authority of Kenya (CA)

The report adds that 5.1% of businesses and 7.1% of State institutions are hacked annually, and that while most businesses were eager to download antivirus software, only 15 percent had systems to detect intruders.

Innovative insurance products are therefore needed to provide cover against attacks, eliminate exposure to Cyber risk and even protect third party data or data users.

Cyber Enterprise Solutions, a product from Aon Kenya, is that cover of the future. Unlike traditional policies, the policy is designed to cover property damage arising out of a network security breach; data exposure, business interruption and systems failure compensation. The policy also covers cyber terrorism and any other liabilities caused by an attack.

AON says the cyber risk solution is a response to the growing cyber criminality threatening both corporates and SMEs targeted by hackers with ransomware. Aon Cyber Enterprise Solution provides insurance cover for loss of profits associated with systems outage that might be caused by a “non-physical” threat like a computer virus.

Swiss telecom Cajutel launches an ICO to provide 100% solar powered high-speed Internet in Guinea-Bissau


Swiss telcom Cajutel is on the path to becoming one of the main providers of solar powered high-speed internet in West Africa if its ICO is anything to go by.

To raise the funding for the solar powered high-speed internet, Cajutel Sarl, a Swiss-owned telecom has issued an ICO offer to provide connectivity to a majority of the 1.7 million population who presently don’t have access to the internet. The telco says lack of connectivity has severely impacted the region’s GDP, per capita, literacy and human development index.

Cajutel is therefore selling its Cajutel (CAJ) tokens governed by ERC20-compatible smart contract on Ethereum blockchain. CAJ tokens can be acquired directly by sending ETH to the smart contract address listed on https://cajutel.io and the CAJ tokens will automatically appear in your wallet (make sure you use a wallet which is capable of holding tokens).

As a part of its crowdsale, Cajutel has authorized the creation of an additional 780,000 shares, of which 720,000 will be offered for sale to the ICO participants and the rest 60,000 will be allocated for bounties and to cover advertisement costs. The telecom operator has set the maximum cap for CAJ tokens at 1,780,000 where existing shareholders will retain 1,000,000 tokens, and the remaining will be used in token sales, bounty and advertising payouts. The maximum cap will remain fixed until shareholders agree to issue more shares. Each CAJ token will represent a share in the platform.

The ICO will be held in five distinct phases. The first two phases will offer 10,000 tokens each for sale and the price of each token during the first and second phase is set at 0.05 ETH and 0.075 ETH respectively.

The third, fourth and fifth phases will involve the sale of 100,000, 200,000 and 400,000 tokens at a unit price of 0.10 ETH, 0.15 ETH, and 0.20 ETH respectively. The CAJ Ethereum based tokens will act as share certificates and carry the same rights as any other stocks including dividends. The value of the token is thus backed by the company’s asset and earnings.

The firm hasn’t stated details about the project and TechMoran is not sure if the project will really take place but Guinea-Bissau stands to benefit if Cajutel builds the infrastructure from the ground up to bring reliable high-speed broadband internet at affordable prices. If the ICO money is used to do what it’s intended to do, the entire Cajutel infrastructure will be solar-powered, making it more sustainable and economical over the long run.

The deal will bring 1 gigabit capacity into the country from neighboring countries, build and install all equipment and towers and have partnerships with small shops and kiosks already in place.


Naspers’-backed Bitcoin platform Luno raises $9m in Series B, expands to 35 new countries


Bitcoin platform Luno has raised a $9m Series B funding round, led by London-based Balderton Capital and new investors AlphaCode.  Existing investors Digital Currency Group also participated in the round.

The raise follows Luno’s USD4m Series A round, which was led by emerging market tech giant Naspers. With new money, the firm has expanded into 35 new markets across Europe, making it the world’s most popular Bitcoin platforms.

“We’re excited to partner with Balderton as we accelerate our business across Europe and the rest of the world,” said Marcus Swanepoel, Luno co-founder and CEO. “In Europe we’ve seen an unprecedented demand, not just for digital currency, but also for our high-quality, secure and very user friendly products, in particular the Luno mobile apps.”

With a team of over 70 and offices in London, Singapore and Cape Town, Luno services will now be available in 40 countries around the world, making it easy for people to buy, sell and learn about digital currencies.

“Enabling more people in Europe to have access to these products and services is a critical part of our mission to bring digital currencies to everyone, everywhere – and in a way that makes everyone’s journey into the world of digital currency safe, super easy, and highly enjoyable,” added Swanepoel.

Apart from global expansion, the funding will be used for product refinement and development, and to bring to market a number of exciting new features. Luno will be hiring across all three their main hubs in London, Singapore and Cape Town.

Tim Bunting, partner at Balderton Capital will be joining the Luno board as part of this funding round.

BitPesa Raises $4M Funding From Greycroft, Plug and Play | Reaches $10 Million in Total Funding


Pan-African blockchain payments firm BitPesa has raised $4m in a follow-up to its Series A funding round led by Greycroft, a majority of existing shareholders and another new investor, Plug and Play joined the round.

In February this year, the firm closed a $2.5 million Series A round led by Draper VC, Greycroft Partners among others. In 2015, BitPesa closed a follow-on round of $1.1M led by Pantera Capital Management LP,  Crypto Currency Partners LP, among others. By end February it had raised a total of nearly $6 million.

Scott Robinson, Vice President at Plug and Play said, “BitPesa promises to revolutionize the exchange and payment markets in Africa, disrupting monopoly incumbents and opening the fastest growing economies in the world to foreign companies. We’re very excited for the team’s vision and current execution which bolsters payment avenues throughout the region.”

With the follow-up raise, BitPesa has raised $10 million to date, and will use the new funds to continue its expansion into Europe, the Middle East and Africa.

Launched in Kenya in 2013, BitPesa has offices in Lagos, London, Luxembourg and Dakar and works with dozens of bank networks and mobile money operators across Nigeria, Kenya, Uganda, Tanzania, Senegal, and the DRC. Alan Patricof, founder and Managing Director of Greycroft said his fund invested in BitPesa because bitcoin and cryptocurrency will play an important role in the payments and money transfer industries and even more so in the developing world for which BitPesa is ideally positioned.

With a new office in Dakar, the Luxembourg-based firm will now have a stronger focus on French speaking Europe and francophone Africa  to lower the cost and increase the speed for payment processing to and from emerging markets works for businesses using bitcoin blockchain technology.

BitPesa was the first company using bitcoin to receive an authorized payments license in the UK in 2015 from the Financial Conduct Authority (FCA). The firm has sign up a number of partners to reduce the pain of using existing cross-border payment services in these markets.

“We keep raising because we have grown above and beyond projections,” said Elizabeth Rossiello, founder and CEO. “We have expanded across Africa and Europe, added a stellar roster of Fortune 100 companies as clients and are receiving growing support from regulators.”

Image credits:TechCrunch

Belfrics Global unveils its Initial Coin Offering (ICO) for early cryptocurrency investors in Africa


Barely a month after it launched its operations in Kenya, Belfrics Global is taking another bold step in the right direction. The company will be launching the Belrium ICO (Initial Coin Offering) which will allow anyone to become an early blockchain investor.

An Initial Coin Offering is similar to an IPO where a company moves to raise funds by selling a stake in the technology to early crypto-currency investors. The ICO will see investors get coins or tokens, as opposed to a stock for IPOs. With Bitcoin soaring to new heights in the last couple of months, it is just a matter of time before cryptocurrencies, and the technologies that enable these digital currencies to flourish, become the norm when it comes to money transactions online.

Belfrics launched its Bitcoin Exchange in Nairobi, Kenya, becoming one of the largest cryptocurrency exchanges in the region. The launch signalled the rising adoption and confidence in cryptocurrencies in the region.

The Belrium ICO is set to kick off on 8th September 2017 and will be available till 8th October 2017. When you purchase the Belrium Token, you automatically get voting and access rights on the blockchain.

The first price of the token will be 0.0005 BTC. There is no minimum or maximum investment goals. Only Etherium and Bitcoin (BTC) are accepted as the purchase currencies.

Belrium is the first Know Your Customer (KYC)-compliant blockchain, developed by Belfrics, that seeks to provide transparency in the cyrptocurrency ecosystem. This provides relief from risk of theft and hacking while offering instant transaction processing. Belrium blockchain security features are also well documented.

As of May 2017, investments in ICOs is now above $380M. As a result, we have seen Bitcoin entire market capitalization in cryptocurrencies drop from 80 percent to less than 50 percent in one year. This is despite its steady and meteoric rise in price.

To get started or learn more about the Belrium ICO, click on the link: Belrium ICO

This Kenyan developer is mining Zcash from his living room & it’s fun


“You can mine tonnes of other digital currencies,” he posted on his wall. “Which are actually much more profitable than Bitcoin. In my case I’ve been mining Ethereum & ZCash. I built this one mid July and it’s been running a little over 28 days now. It only requires an internet connection and power,”

The developer chose ZCash over bitcoin because bitcoin requries special miners called ASIC which are expensive and very rare. Though his mine has several months to go, he says cryptomining is profitable and anyone can make good money out of it. Though volatile, cryptocurrencies are mostly unaffected by fluctuations in the economy especially during an election, civil unrest or inflation as they are digital and decentralised.

Mutai, an Andela developer based in Kenya says he using a 3.2 Ghz Core i5 7500 PC with an 8 GB RAM, 120 GB SSD running Windows 10 and 8 Nvidia Asus 1080 Tis graphics cards with 11GB RAM consuming a total of 2300W.

With the 1080 Tis, Mutai says he’s currently doing 5600 Sols/s, one of the highest solutions mined per second. For those who want to try it at home, Mutai is mining on windows 10, using EBFW miner which is awesomely optimized for Zcash. Conceived as “Zerocash” in 2014 by researchers from MIT, Johns Hopkins University,  Technion – Israel Institute of Technology and Tel Aviv University, the privacy-focused digital currency allows users to make anonymous transactions without trace.

There are new developments coming to Though Zcash such as the disclosure feature for parties involved in the transaction and a Cross-Chain Atomic Transactions (XCAT) to enable enable inter-Blockchain transactions involving leading digital currencies like Bitcoin and Ethereum.

Blockstream launches blockstream satellite to broadcast real-time Bitcoin blockchain data from space

Announcing Blockstream Satellite, a new service that broadcasts real-time Bitcoin blockchain data from satellites in space to almost everyone on the planet (PRNewsfoto/Blockstream)

 Blockstream, a blockchain and financial cryptography firm has today launched Blockstream Satellite, a new service that broadcasts real-time Bitcoin blockchain data from a group of communication satellites in space to almost everyone on the planet to increase further participation in Bitcoin.

The service is available across two thirds of the Earth’s landmass, and additional coverage areas will soon come online to reach almost every person on the planet by the end of the year.

 According to Dr. Adam Back, co-founder and CEO at Blockstream, “Today’s launch of Blockstream Satellite gives even more people on the planet the choice to participate in Bitcoin. With more users accessing the Bitcoin blockchain with the free broadcast from Blockstream Satellite, we expect the global reach to drive more adoption and use cases for Bitcoin, while strengthening the overall robustness of the network.”

Blockstream Satellite is claiming to be the world’s first public satellite service that allows anyone to operate and maintain Bitcoin nodes, without the constraints of traditional network connectivity. It sends blocks in real-time, as well as recirculates older blocks, providing free access to the Bitcoin blockchain for both long-time and new users of the cryptocurrency. It also promises an additional layer of reliability for blockchain data in the event of a network partition.

The Blockstream Satellite network currently consists of three geosynchronous satellites that cover Africa, Europe, South America, and North America. By the end of 2017, the firm promises that additional satellites will be added to the Blockstream Satellite network enabling worldwide coverage and reaching nearly every person on the planet. Blockstream Satellite will help extend Bitcoin everywhere in the world, especially in Africa where there is only bitcoin node.

Blockstream Satellite makes extensive use of open source software. GNU Radio, an open source software development toolkit, enables the cross platform implementation of software-defined radios (SDR). The use of SDRs eliminates the need for specialized hardware, which greatly reduces cost and makes the technology widely available. To further ensure performance and reliability, Blockstream Satellite utilizes the Fast Internet Bitcoin Relay Engine (FIBRE), an open source protocol based on several years of experience operating and studying the Bitcoin Relay Network.

Ethereum driven Blockchain network XinFin introduces a trade & finance platform in Botswana, Zambia & Kenya


Ethereum driven Blockchain network XinFin has introduced TradeFinex, its trade and finance platform in Botswana, Zambia and Kenya after completing its Africa awareness program across the three nations last month. This comes just a few weeks after Belfrics Global launched a bitcoin exchange in Kenya with plans to expand across Africa.

TradeFinex is built over blockchain, offers pre ICO tokens and is aimed at real world integration of smart-contracts between buyers, sellers and financiers while offering instant cross border payments and settlements using its native token XDC (Xchange Infinite Development Contract).

According to Afrikanus Kofi Akosah Adusei, Africa Community Manager, “Infrastructure deficit in Africa is over 90 Billion dollars annually and it has a lot to do with inefficiencies in trade and finance practices. Also the fact that global trade and financing is still a loosely connected process tied to several risks. XinFin’s XDC token is a community driven digital asset designed to hedge risks in global trade and finance. Our upcoming TradeFinex platform will see a great participation from businesses in Africa.”

The awareness drive included engaging with business community as well as Government officials. The Botswana program was held from 28th June till 5th July in Botswana while the Zambia program was held from 18th to 23rd July and Kenya program was held from 31st July till 1st August. The awareness drive included introduction to XinFin’s upcoming tradefinex platform that brings buyers, sellers and financiers on a single platform powered by the XinFin XDC tokens.

The firm says it has interest from hospitals looking to acquire machinery, low income counties who want to build their tourism spots, counties seeking efficient farming equipment, new techniques and cheaper ways to build rural roads and transport, and farming institutions that want training and e-learning programs or alternative ways to hedge weather risks.

“Our team of over 30 financiers worldwide are working on mapping smart contracts to real world contracts and laying the groundwork for all stakeholders to get the projects underway” said Alex Mathbeck, head of marketing for Xinfin.org. “Our goal is to bridge the global $5 trillion infrastructure financing gap that has created a huge disparity between the rich and the poor. For example, traditional fiat currency financing mechanisms allow projects with high rated buyers and suppliers to leverage their ratings multiple times, however it totally ignores viable projects with low or non-existent buyer and seller ratings.”

Apart from institutions and government agencies, the marketplace will be open to individuals who want to take the leadership in identifying and initiating projects, crowdsourcing for support and completing the trade and finance over the xinfin.org XDC network. XinFin has initiated a series of IoT projects across Asia in India and Singapore. Projects in India include a IoT enabled solar power plant that uses smart contracts on the XinFin XDC platform to trade generated energy back to the grid. The Solar project will be showcased to countries across the world for a one stop smart-metering, transacting and financing mechanism.

UAE’s Tipcoin hits 1 million+ users as it joins the world’s growing list of cryptocurrencies


TIPCoin, a recently launched says it has surpassed over 1 million users globally as it moves to simplify online bill payments ranging from payment for travel tickets, groceries, clothes, recharging of airtime, and so much more.

Cryptocurrency, which is taking over the regular use of hard currencies across the globe is no longer news cryptocurrencies are working as major mediums of exchange as well as using the blockchain its build on to operate independently of any central bank. TIPCoin follows several other digital currencies but the most common is Bitcoin, which was decenttralised in 2009 and is  currently the world’s largest cryptocurrency.

Led by Mr. Abdullah Sheikh & his wife Sahiba, who are both Philippines based, the companies servers are established in over ten countries with the project in maintaining this project in 6 countries globally.

Recently, TIPCoin made a Big Deal with Alibaba. Now, all products of Alibaba will be available the e-commerce portal with TIPCoin payment. Individuals can buy billions of products from this single platform with TIPCoin payment. TIPCoin is a safe and secure payment. Anytime and anywhere, customers can shop for any product with TIPCoin. Get amazing products at an amazing price. So, enjoy shopping and earning with TIPCoin.

A board meeting was held recently with TIPCoin CEO, and over 150 different countries had signed an agreement legalizing the use of TIPCoin for as an accepted form of legal tender in making several forms of payment, both online and offline. Mr. Abdullah has informed the general public that TIPCoin is safe to be made use of. Based on several studies, cryptocurrency is secure and encrypted. It is also a reusable currency which cannot be lost, and it is gradually expanding day by day.

Users/investors can visit https://www.tip-coin.com/ to signup now and join the rest of the public to get this new yet promising cryptocurrency – TIPCoin.

Blockchain startup Loyyal closes series A round from Dubai investors to build a universal loyalty and rewards platform


Blockchain startup Loyyal, the blockchain innovator building a global loyalty network has closed a Series A capital raise to complete development of its platform and accelerate its go to market strategy.

The funding round was led by Integrated Networks (iNet) with participants including UAE Exchange, Hayaat Group, Day One Investments, and other international investors. Hayaat Group is an early investor and led the Loyyal Series Seed capital raise.

Greg Simon, CEO and Co-Founder of Loyyal said, “This new capital, our third round of fundraising, will allow us to complete production of our live platform into a fully scalable and robust blockchain-based loyalty solution to meet increasing enterprise demand worldwide. These new strategic investors including iNet, UAE Exchange and Day One Investments will help us expand into new regions and industries. It is important to Loyyal to secure both US and International investment that supports our strategy to be the first truly global and universal platform in the loyalty and rewards industry, the Internet of Loyalty.”

Loyyal’s early customers include Deloitte, IBM and Quidam, and strategic alliance with Capgemini. Loyyal’s offering provides the industry with several powerful capabilities to drive higher profitability while putting the customer, such as dynamic interoperability and scalability, real-time value transfer, security of records, programmable rewards, and improved liability management options.

Loyyal will provide them with a universal platform enabling increased program efficiency as well as the capability to provide personalized, dynamic rewards to their customers in order to increase program ROI.

“Loyalty programs are an integral part of any large-scale telecom, banking networks, and retailers,” said Abdullah Altamami, Investments Director from lead investor Integrated Networks (iNet). “With Loyyal’s success thus far, and Blockchain’s ability to target and customize rewards, redemption can be dramatically increased, and value amplified for the end user, making programs much more effective commercially and financially.”

Abdullah further added, “As is the case with all of our investments, and more so with Loyyal, iNet intends to be an active shareholder, driving potential deals and partnerships throughout our network in KSA and GCC to empower this expansion.”

Simon added, “Our strategic investors not only provide us with the capability to make our platform scalable and solidify our go to market strategy, but also open up markets and provide enterprise clients that will increase revenue and accelerate adoption.”

Safwan Zaheer, Director and Head of Fintech, KPMG US and on Loyyal’s Board of Advisors, recently stated that “Blockchain might represent technology that has potential to give rise to the second era of ‘internet’ revolution.” He also said of Loyyal that “It removes friction around delay, cost, and poor integration with other payment instruments, enabling financial institutions, brands, and retailers to create new experiences for its customers.”

This blockchain startup wants to give Ghanaian citizens a better way to survey land & record title deeds


Ghana’s blockchain startup Bitland, is using blockchain technology to stamp out corruption and free up trillions of dollars in locked capital for infrastructure development. Bitland is allowing individuals and groups to survey land and record title deeds on the Bitland blockchain; which is way more permanent and auditable than the ledgers used currently by the government.

According to the firm, the project is being piloted with 28 communities in Kumasi, Ghana, but plans to expand across Africa to train citizens about blockchain technology, bring clarity to land ownership rights and reduce corruption the land sector. The digital title deeds will also open up millions of dollars in locked capital for various kinds of businesses.

Bitland will set up solar-powered Bitland centres that will function as hardware hubs for the Bitland Wireless Network and as well double as education centres for locals to learn about digital solutions and how to get involved in the project. At the moment, Bitland is using the OpenLedger platform built on top of the BitShares platform and its MIT-licensed Graphene blockchain technology.

According to Ronny Boesing, CEO of crypto exchange CCEDK – OpenLedger’s Danish registrar, “BitShares was recently confirmed as a partner with the Microsoft Azure BaaS, and the Bitland project reflects the vast number of opportunities emerging as more mainstream companies realize that this is what they have all been waiting for to maximize income and future communication. As more organisations join the OpenLedger/BitShares platform, you can be sure that this Decentralised Conglomerate will exemplify the future of global economics.”

Earlier, Bitland announced it will use a digital currency called Cadastrals to act as the entry token for its blockchain platform. The team said it had allotted 20 million Cadastrals to establish the first operational Bitland Center,”

The Bitland Fund will collect network fees and any money taken into the main reserve and redistribute them to projects within the Bitland communities, thereby directly funding infrastructure provision, with oversight from the relevant governments. The platform will add the capacity for a voting system to be part of the Bitland project – enabling communities to become directly involved in decision-making.

These OpenLedger infrastructure will grow to include real estate, commercial property investments, and development of third world countries as part of its future plans. Bitland says it will work with governments around the world to register land titles on the OpenLedger blockchain in a faster push towards smart cities. The ultimate gain is that the OpenLedger platform will help bring transparency to nations where corruption has been the main impedance to progress, and further it will allow remittance and investments to flow into underdeveloped areas without big companies taking a large cut. The Bitland project is about more than registering land titles: this is the first step to bringing true democracy and meritocracy to the world.With openness the system will allow people to use their mobile devices to register a plot of land with GPS accuracy, file a claim, register a dispute, sell or purchase land. As well as the transparent and immutable nature of the blockchain, OpenLedger allows smart contracts. This removes the need for trust, so that microloans can be issued and government contracts fulfilled on a platform that tracks progress and distributes funds accordingly.  Bitland aims to encourage governments and private organisations to offer smart contracts to give people the chance to invest in development.

Naspers invests $5m into Coins, Southeast Asia’s mobile blockchain-enabled payments platform


Naspers Ventures, an investment arm of global internet and entertainment group Naspers  has led a $5m series A round into Coins, Southeast Asia’s blockchain-enabled mobile payments platform, bringing the total amount raised in its Series A to US$10M.

Built on top of blockchain technology, Coins enables anyone – including those without a bank account – to access a broad range of financial services directly from their mobile phone. To date, the company has signed up over one million customers. James Caviness, Vice President and Chief Product Officer of Naspers business PayU has joined Coins as a new board member.

“Coins has done an excellent job of providing consumers with easy, cost-effective access to core financial services,” said James Caviness, Coins board member. “With its secure, scalable platform, built on exciting and potentially disruptive blockchain technology, we expect Coins to continue to grow and expand across Southeast Asia.”

Coins operates primarily in the Philippines and Thailand, and plans to expand to other markets where consumer access to traditional financial services such as credit, banking and remittances is either limited or prohibitively expensive. Coins’ mobile wallet has generated a strong leadership position, providing consumers the first point of access to a wide range of financial services including remittances, airtime top-ups, e-commerce and P2P payments. Coins serves over 100,000 merchants.

By leveraging blockchain technology and partnerships with existing financial institutions, Coins has been able to directly connect over one million previously unbanked customers with its ecosystem of financial services. The new investment will further accelerate its regional growth and allow Coins to establish additional cash-based services and partnerships to further serve its customers.

“Coins has become a key component of our customers’ everyday lives, allowing them to do everything from sending payments to shopping online,” said Ron Hose, CEO of Coins. “With Naspers Ventures, we’ve gained a great partner in our mission to democratize financial services by making them easily accessible and usable by anyone. We are extremely excited to be working together with them to build a more financially inclusive future.”

Not to be confused with bitcoin, blockchains are decentralized, distributed ledgers that record transactions in a verifiable, secure and permanent way. Initially used for digital currencies, blockchains allow for the transfer of value without the need for a trusted authority or central server. By eliminating the need for intermediaries, blockchain-based systems can facilitate fast, efficient settlement of payments between parties.