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The Africa fintech summit Lagos – organised by Dedalus Global was held on the 8th of November 2018. With hundreds of fintech enthusiasts from across the continent, the conference brought together fintech startups, investors, innovators disruptors, tech enthusiast, high-level attendees, from CEOs, influencers, regulators, entrepreneurs to discuss pressing topics in the fintech space and to share opinions on the future of Africa in this tech-driven age. Africa Fintech Summit (AFTS) included a good mix…

The international monetary fund, IMF,  has released its latest report surrounding the use of cryptocurrencies in the fintech environment. It has regarded the recent development as a revolution of financial services which it emphasis should be supported by the current banking institutions too. The report supported the use of cryptocurrencies like bitcoin for many purposes such as remittance and trade as the IMF recognise the potential to revolutionize these sectors. Furthermore, the report also outlined…

Prime Minister Joseph Muscat of Malta has revealed the government’s plans to adopt Blockchain technology as the state officially approved a draft for the implementation of the technology. This comes as the first step as the government is to actively begin to encourage adoption into various commercial and state settings. While the prime minister did acknowledge the potential problems associated with regulating such technology, Muscat remained optimistic of cryptocurrencies impact on fintech applications. “This is…

Bitcoin has had a volatile past in Nigeria. Considering various other African countries aim to develop infrastructure for the future of Bitcoin, Nigeria is one of the few countries to edge further to adopting the Bitcoin on an official basis as the naira depreciates further. Unlike various other African countries, the CBN has actively warned against the use of Bitcoin but has to clarify its position on cryptocurrencies as a form of asset.   The…

KPMG has recently uncovered the total invested within Nigerian Fintech companies has exceeded over $200 million within the last 2 years. Particularly areas such as Digital payment and mobile and internet cover were identified as some of the main causes behind the recent growth. The fast growing young population, exponential growth of mobile phone lines, huge financial inclusion potential, and relatively strong talent pool are pertinent indicators of the FinTech opportunity. Nigeria has been regarded…

Citibank is currently one of the biggest banks in the world, Competing with the likes of Barclays and HSBC on a international level Citi, armed with the best financial analysts has remained a market leader. In Citibank’s latest research, it was revealed how Bitcoin could actually coexist with banks rather than act as a competitor. Bitcoin has always been hailed as one of the mist disruptive financial technologies to exist. Many consider its potential to…

Bitcoin around Africa has become a heavily talked about topic over the past few days. Considering the various applications that the digital currency could have on a exploding economy such as the one in Nigeria and the current infrastructure built around the transfer of value, it has come to no surprise the level of business bitcoin exchangers have encountered. BitOasis becomes the latest Bitcoin business to start up its first funding round with the aim…