In Africa, young Nigerians are taking the lead in what we call a brave new world. They are deploying technology to provide solutions to everyday problems, and in the process creating stupendous wealth. With little institutional support, smart Nigerian entrepreneurs are emerging to seize the technology space. While at it, impacting many lives by creating […]
Tag: FinTech
From Silk Road to Digital Silk Road: Opportunities in Africa’s Growing Banking Industry
Once upon a time, the Silk Road was a vibrant network of trade routes that connected Asia with Europe, facilitating the exchange of goods, ideas, and cultures. The Silk Road was an economic powerhouse that helped shape the world as we know it today. But times have changed, and the Silk Road is now a […]
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 […]
Tokens: Next Generation Capital
85% of central banks are considering digital currencies. The tedious process, overhead costs, and other costs associated with paper currency prohibit financial inclusion and explosive innovation in the financial market and economy at large. Digital currencies unlock broader possibilities for the unbanked and those excluded from the financial market. An area worth looking into is […]
The New Financial System :: Decentralized Finance (DeFi) Vs Centralized Finance (CeFi)
Global finance witnessed a revolution with the advent of Blockchain and Bitcoin. We blogged about our adventurous experience in building a digital currency that was trying to be Bitcoin and not Bitcoin at the same time. Over the last 10,000 years, money has transformed from cattle and shells to today’s electronic currency. Currently, almost every aspect of banking, trading, and lending is managed by centralized financial systems and regulated by governing bodies. However, the world is moving towards decentralized financial systems. Money needs to move fast.