BitKE

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BitKE

7m ago

How Decentralized Finance is Shaping the Future of Banking

Decentralized finance, also known as DeFi, has seen explosive growth recently with the advent of Ethereum and smart contracts
DeFi is often touted as the future of banking, allowing users to enjoy a global banking system without having to deal with legacy financial institutions or overbearing

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BitKE

34m ago

Machankura, Africa’s Leading Bitcoin USSD Service, Goes Live in Ghana

Machankura has introduced a USSD code, **\**920\**8333#**, to enable Bitcoin transactions for feature phone users in Ghana, enhancing cryptocurrency access in remote areas. By utilizing the Lightning Network, transactions become faster and more secure, empowering those without internet access. This initiative has already seen a tenfold increase in users, potentially serving as a model for other nations.

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2h ago

MTN Rwanda Grows Mobile Money Users By ~15% (4.4 Million) in H1 2023

MTN Rwanda reported a 14.9% increase in MoMo users, reaching 4.4 million in H1 2023. While service revenue rose by 14.3%, profits fell 43.2% due to currency depreciation and reduced voice call revenue. Despite challenges, MTN remains focused on expanding its fintech offerings.

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2h ago

Nigeria’s Bitcoin-Focussed Entity, Fedi, Raises $17 Million in Series A Round to Build Out Bitcoin Chat App for Communities

Fedi, a financial and data technology company founded by Nigerian Bitcoin advocate, Obi Nwosu, has secured $17 million in a Series A funding round and is preparing to launch an alpha version of Fedi for builders later in May 2023.

“We are excited that with so much interest in this round, we

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2h ago

The Capital Markets Authority of Kenya Highlights Key Reasons Why Crypto Startups Struggle to Scale in Kenya

The CMA of Kenya highlights that many crypto startups create solutions for non-existent problems, hindering their growth. They also face challenges in classification and regulation due to novelty and cross-border issues, but the regulatory sandbox offers a testing ground for innovative ideas.

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4h ago

FUNDING | Nigerian StableCoin Startup, IvoryPay, Secures Investment From Hedera After Processing Over $80 Million From Over 8K Merchants

IvoryPay, a blockchain payment platform, has partnered with Hedera to enhance its services. With over $80 million in transactions and 8,000 merchants, this collaboration will improve infrastructure, expand services in Africa, and foster digital currency adoption.

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