Celebrities are investing millions in NFTs. With the increase of investor focus on NFTs, it’s important to highlight the guidelines to avoid being a victim of fraud and failed investment. In part 2, we discussed some reasons why celebrities are not joking with NFTs. No doubt, NFTs are not only for celebrities and other investors. […]
NFT (part 2): The New Digital Fan Club
Gordon Goner never had a real job, he had a gambling problem and was also a high school dropout before a sudden tsunami of success hit him. Are you familiar with the haphazardly constructed art pieces of Apes thatthe internet? Well, Goner and three other men are the ones behind Bored Ape Yacht Club — […]
NFT (Part 1): Are they simply artwork on steroids?
Most of the things we see about Non Fungible Tokens (NFTs) are often artworks sold for a high price. It’s also looking like a new digital society. But why is NFT a thing? Why is it a thing to buy artwork created by a celebrity? Understanding NFT is easier when we understand the blockchain and […]
Africa: The Next Cryptocurrency Investment Frontier
The internet has completely adjusted how many people interact and has facilitated the creation of an entirely new type of communication and relationship. People make new relationships online in a variety of ways. Regardless of how people connect, the idea that you can connect with opportunities on the other side of the world is an […]
Complimentary Currencies: Forging A Path to Economic Revival in Emerging Markets
The debate on the future of money is not about inflation or deflation, fixed or flexible exchange rates,gold or paper standards, but about the kind of society in which money is to operate. – Georg Simmel, German philosopher and sociologist Over the centuries, we’ve learned of many forms of money and technological advancement across different […]
FinTech in Africa: After Payments What Next?
The pandemic has intensified the role of digitization, banks cutting costs, with customers handling transactions on their phones. Banks and fintech companies are competing for market share, sometimes collaborating, and competing to recruit top talents. Many African consumers are unbanked, underbanked, and underserved. Lack of access to financial services, especially in rural areas, affordability, expensive […]
FinTech Development in Nigeria: A Brief
Nigeria is the largest economy in Africa in terms of nominal GDP, and 26th in the World according to the IMF World Economic Outlook. Being the continent’s largest unbanked population, with a population of 200 million—40 percent of which is financially excluded, and digitally savvy, middle-aged and young affluent individuals, Nigeria’s FinTech space is worth looking into. Regulatory drive to […]
Central Bank Digital Currency vs Cryptocurrency: What We Need to Know
Bitcoin and other cryptocurrencies have become an increasingly established part of the financial landscape. Bitcoin has become a reference point for controversy since it was introduced to the world. Licit and illicit traders quickly adopted cryptocurrency. One of the primary concerns for governments is the use of cryptocurrency as a means to accommodate illegal financial transactions and anonymity. […]
Cross-Border Payment: Are you playing by yesterday’s rules?
“Over the next five years, an even greater rise in digital interactions between buyers and suppliers will break traditional sales models. 80% of B2B sales interactions between suppliers and buyers will occur in digital channels.“ The Gartner Future of Sales 2025 report Civilization, no doubt, has benefited from bilateral trade and cross-border trade over the […]
Cross-border Payments: Forging a path to financial inclusion in Africa
It’s been an explosive season in the financial industry. Just when some government and experts thought the industry couldn’t shift exponentially, the financial landscape keeps shifting. We are having local fintech leaders ramping up their ambition for global dominance. Yet, most innovations are around payments. Of course, payment is the first step for what’s to […]