Fintech Archive

British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated

According to British lawmakers, a central bank digital currency (CBDC) is likely to raise

FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption

The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital

Revolut Launches Banking Services in Spain Featuring Deposit Insurance

Revolut, a leading fintech platform and neobank, has received a special banking license to

Report: Fintech Firms Received 62% of the $4.9 Billion Raised by African Tech Companies in 2021

Fintechs account for nearly two-thirds of the $4.9 billion that was raised by African

Argentina-Based Mobile Wallet App Belo Adds Lightning Network Support via Opennode

On Monday, January 10, the Argentina-based mobile wallet company Belo announced that the platform

Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate

China’s social media giant, Wechat has said it will support the digital yuan in

Jamaican Central Bank Says It Has ‘Successfully Completed CBDC Pilot’

The Jamaican central bank successfully completed the pilot testing of its central bank digital

SWIFT Aims to Test Tokenization in 2022, Clearstream, Northern Trust, SETL to Participate

SWIFT, the Belgian-based cooperative that serves as an intermediary and settlement executor of financial

Kraken Ventures Raises $65 Million to Invest in Web3, Defi, Blockchain Startups and Protocols

The independent investment fund led by Kraken alumni that’s focused on early-stage companies and

South Africa’s Digital Bank Tyme Completes Series B Round With Additional $70M Capital Raise

Tymebank, a South Africa-based digital bank, recently completed its Series B funding round with

Ukrainians Offered New Crypto Services, Bitcoin Cards

Along with the growing popularity of cryptocurrencies, Ukrainians are enjoying an expanding range of

Kenya Based Fintech Kwara Raises $4 Million in Seed Round

A Kenya based fintech, Kwara has raised $4 million in a seed round that

Experts Believe a Common African Cryptocurrency Can Boost Trade and Sustain Growth After Covid-19

Some economic experts from Africa have suggested that the continent now needs a common

Report: Nigerian Fintechs Account for Nearly 91% of $417.5 Million Raised by Tech Startups in the Country

According to an analysis of the $417.5 million that was raised by Nigerian tech

Ghana’s Minority Lawmakers Reject Government Proposal to Tax Mobile Money Transactions

The Ghanaian government’s proposal to introduce a 1.75% levy on digital transactions was recently

IMF Says Nigerian CBDC Drawing Global Interest, Warns of Associated Risks

The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank

Blockchain Industry to Surpass $67 Billion by 2027: Fintech Report Names 2021’s Most Influential Blockchain Companies

Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain

Nearly 500,000 Nigerian CBDC Wallets Downloaded Since Launch

Nearly half a million e-naira wallets have been downloaded a few weeks after the

South African Fintech Raises $120 Million in Funding Round Led by Fidelity

A South Africa and London-based fintech startup, JUMO, recently revealed it has raised $120

Report: Traditional Banks in Africa Hold Trust Advantage Over Fintechs

A recent report by CR2 on Africa’s fintech transformation suggests traditional financial institutions can

Analysts: Lack of Trust in Nigerian Government an Impediment to CBDC’s Success Prospects

While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical

Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked

While the Central Bank of Nigeria (CBN) continues to tout the e-naira’s credentials as

African Fintech Giant Raises $150 Million in Funding Round Led by FTX, Firm Now Valued at Over $2 Billion

Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding

Nigerian Judge Rules in Favor of Accused Crypto Startup, Accounts to Be Reopened

A Nigerian Federal Court judge recently ruled that the two frozen bank accounts belonging

Nigerian President Muhammadu Buhari to Unveil Country’s CBDC

The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank

Ghana Central Bank Working to Make CBDC Available to Offline Users

The Ghanaian central bank is seeking to make its digital currency, the e-cedi, available

Demand for Crypto Experts in India Hikes Remuneration, Vacancies Spike

A deficit in crypto talent is pushing salaries up in Indian companies engaged with