BitPesa raises $5m from Sompo Holdings to revolutionize cross-border payments

BitPesa raises $5m from Sompo Holdings to revolutionize cross-border payments

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Kenya’s BitPesa has raised $5m from Japanese insurance group Sompo Holdings in a move expected to revolutionize cross-border payments and insurance services globally. Sompo will use Bitpesa’s technology to extend its presence in the international remittance service market and use it for its insurance services. The…

HTC’s blockchain phone, the ‘EXODUS 1’ has a vault to hold the keys to your crypto assets

HTC’s blockchain phone, the ‘EXODUS 1’ has a vault to hold the keys to your crypto assets

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 HTC yesterday launched early access to its first blockchain phone, the ‘EXODUS 1’ at www.htcexodus.com using either BTC or ETH, in an industry first crypto-only payment acceptance. Expected ship date is December, the HTC ‘EXODUS 1’ contains a secure enclave – a locked area on…

Fiat-to-Crypto Exchange Binance Uganda Opens for Deposits and Withdrawals

Fiat-to-Crypto Exchange Binance Uganda Opens for Deposits and Withdrawals

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Fiat-to-crypto exchange Binance Uganda began accepting deposits and withdrawals of Ugandan Shillings on Wednesday, October 17th. The exchange commenced Know Your Customer (KYC) procedures too and became the first fiat-crypto exchange launched by Binance, the largest cryptocurrency exchange by trade volume. Built on top of technology developed by…

This London-based JV is creating a blockchain-based commodity & energy digital asset exchange for Africa

This London-based JV is creating a blockchain-based commodity & energy digital asset exchange for Africa

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Ideanomics, a New York-based Platform-as-a-Service (PaaS) solutions fintech and asset digitization services firm has entered into a joint venture agreement with TPJ Ltd, to create Ideanomics Resources LTD a U.K. company based in London to unlock value in the commodities and energy sectors  in Africa and…

BitPesa, SBI Remit Partner for Blockchain Cross-Border Payments Between Japan And Africa

BitPesa, SBI Remit Partner for Blockchain Cross-Border Payments Between Japan And Africa

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BitPesa, a digital foreign exchange and payment platform that leverages blockchain settlement to significantly lower the cost and increase the speed of business payments to and from frontier markets has partnered with Japan’s remittance firm SBI Remit to make it easier for Africans…

Block Commodities, Pure Grow Africa partner to launch a blockchain pilot project for farmers in Uganda

Block Commodities, Pure Grow Africa partner to launch a blockchain pilot project for farmers in Uganda

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Block Commodities, a commodity trader operating has partnered with Pure Grow Africa, a supplier of high-quality agricultural produce, to launch the first pilot of a food project commodity cycle ecosystem in Uganda. Pure Grow shares Block Commodities’ values of providing high quality products at fair prices with transparency, and a mission to empower communities with modern technologies for improved agri-business and agro-value chain development. The two parties will also establish a call centre, create and distribute a mobile app, produce and transmit a television show, develop logistics and warehouse protocols and create a ‘fertiliser swap’ opportunity for harvested agricultural products.  Pure Grow uses modern technologies and applications to promote economic growth while creating community awareness and shared values. Farmers linked to Pure Grow aim to adhere to the highest standards of food safety, environmental and sustainable policies. Through the agreement, Pure Grow will initially introduce approximately 1,000 farmers and buyers to the Pilot Ecosystem. BlockCommodities will implement and support the Ecosystem by providing finance and fertiliser products, as well as supplying thetechnology. It will coordinate loans in cryptocurrencies (Dala token) for the selected team of farmers from Pure Grow Africa. Farmers will…

Blockbank buys a stake in Kenya’s Spire bank to provide international Crypto banking services

Blockbank buys a stake in Kenya’s Spire bank to provide international Crypto banking services

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Blockbank has purchased a stake in Spire bank to provide international Crypto banking services. Spire Bank will be instrumental in facilitating a wide variety of international Crytpto banking activity in association with Blockbank — to present the world’s first fully licensed crypto…

Blockchain firm Kwikxchange launches in Kenya to cater to SMEs invoice financing

Blockchain firm Kwikxchange launches in Kenya to cater to SMEs invoice financing

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Citrusxchange Inc., a Canadian Fintech start-up company, has launched its Blockchain based platform catering to small and medium enterprises seeking supply chain financing and invoice financing in Kenya, India, Indonesia and in the UAE. Trading as”Kwikxchange,” the company has launched in India, Kenya, Indonesia and UAE,…

Kenya’s ImpalaPay launches an ICO for its ImpalaCoin to power cross-border intra-Africa trade

Kenya’s ImpalaPay launches an ICO for its ImpalaCoin to power cross-border intra-Africa trade

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ImpalaCoin, an initiative of Kenya’s ImpalaPay powere by the Stellar platform, aims to be the crypto currency powering the Impala crypto financial network working to improve financial inclusion and trade across borders especially in Africa. ImpalaCoin’s primary target is to power trade which is…

Zambian Ministry of Land and Natural Resources to Build Blockchain Land Titling Program

Zambian Ministry of Land and Natural Resources to Build Blockchain Land Titling Program

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 Overstock.com, Inc.  has announced that its blockchain-property rights subsidiary, Medici Land Governance, has partnered with the Ministry of Land and Natural Resources in Zambia, to develop a program for systematic land governance within the country. Zambia, like many other developing countries around the…

TransferTo partners open-source blockchain platform Stellar.org to bolster international money transfers

TransferTo partners open-source blockchain platform Stellar.org to bolster international money transfers

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 TransferTo has partnered with Stellar.org to further enhance the way in which money is transferred across borders. Under this collaboration, financial institutions and partners of both Stellar.org and TransferTo will benefit from the combined network coverage, and be able to leverage new technologies to send and…