Tag: Technology

Kenya’s digital economy affected as fiat currency performs poorly

According to CBK, inflation has increased from 5.73% in 2021 to 8.71% in 2023 and will experience another steep increase during the year. ...

US stablecoin bill discussion key takeaways

The United States Congress House Financial Services Committee held its first hearing on stablecoins in 2023 The discussed bill aims at regulating stablecoins ...

China to pay civil servants in Digital Yuan CBDC

The Chinese government revealed that public servants in a selected city will receive their salaries in digital renminbi (RMB) or digital Yuan starting...

Redrawing the boundary between the Metaverse and Web3

Neal Stephenson's sci-fi novel Snow Crash first mentions the concept of a virtual reality world. In 2020 various in-game metaverse items were valued...

Privacy regulations in the metaverse:A paradoxical problem

Privacy is a serious issue, and many wonders if the metaverse is genuinely in line with the goals of web3. In 2018, news...

TBD and Yellow Card launch a fiat on and off-ramp payment system

TDB-Yellow Card partnership aims to increase cross-border payments and liquidity exchanges in Africa's ecosystem. In July 2021, Jack Dorsey, former CEO of Twitter...

Prank call reveals digital Euro CBDC plans

During the conversation, the ECB president mentioned that the digital euro will have a "limited amount of control." Specifically, Lagarde discussed the possibility...

Examining the progress of the African Metaverse

The African Metaverse has the potential to foster cross-cultural understanding and collaboration. By bringing people from different parts of Africa together in a shared virtual space, the Metaverse can help to break down barriers and build bridges between different communities and cultures. Essentially, the African Metaverse is a new frontier for digital innovation, potentially transforming many aspects of society. The African Metaverse can shape the continent’s future by democratizing access to digital content and services, creating new economic opportunities, and fostering cross-cultural understanding.

New CBDC possibilities: Attain CAR citizenship through the Sango coin CBDC

CAR announced that individuals could attain CAR citizenship by bonding $60000 worth of Sango tokens for five years. The organization behind the launch...

UAE sets out a strategy to launch CBDC

The CBUAE has engaged with two companies, G42 Cloud and R3, to support the implementation of a Central Bank Digital Currency The first...

How users can trade Tether(USDT) directly on Telegram

Users can now send and receive USDT within chats on Telegram using the @wallet bot This follows the addition of bitcoin (BTC) and...

A guide on how to buy NFTs without owning cryptocurrency

Buying Nonfungible tokens for traders and artists can be very challenging sometimes  Most sites or applications require one to own cryptocurrency to be...

Press Release: List of CBK- licensed Digital Lending Providers hits 32

The public has raised about the predatory practices of the unregulated Digital Service Providers.Among the complaints include high payback cost, unethical debt collection...

New Open AI plugins will now make ChatGPT access the internet

ChatGPT has recently been bashed for not accessing real-time information and accessing the web ChatGPT creator OpenAI had promised its users that they...

The power of trading bots: Turning average traders into pros

Trading bots are automated programs that help traders execute trades on cryptocurrency exchanges Statistics indicate that only 5 per cent of total trades...

Flutterwave secures two digital currency licenses from Rwanda

On March 15th 2023, Flutterwve fintech announced it had received two new digital currency licenses from the National Bank of Rwanda. Fluttwave fintech...