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Real-Time Payments to Drive $15 Billion GDP Growth in Africa by 2028, Nigeria Among Top 10 Markets – Report

By
Ojukwu Emmanuel
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0

According to a report from ACI Worldwide, real-time payments are poised to revolutionize Africa’s leading economies, unlocking over $15 billion in GDP growth by 2028.

ACI’s second Real-Time payments report, in collaboration with the Centre for Economic and Business Research (Cebr), leveraged data from 40 countries to make a comprehensive case for the adoption of real-time payments by highlighting the economic growth and financial inclusion benefits that real-time payments bring.

For the first time, the report establishes an empirical link between real-time payments and financial inclusion. By offering affordable and accessible financial services, real-time payment systems are lifting millions out of poverty. The financial inclusion uplift not only benefits citizens but also creates significant profit opportunities for banks, with billions of dollars in new profits projected over the next four years as real-time transactions increase globally.

Real-time payments have become the backbone of digital economies. By enabling instant transfers, these systems save consumers and businesses billions of dollars annually and boost GDP through the formalization of cash-based transactions. The report shows that in 2023, real-time payments contributed $164 billion to global GDP equivalent to the labor output of 12 million workers. This figure is expected to rise to $285.8 billion by 2028, a 72% increase, corresponding to the labor of 169 million workers.

Businesses and consumers benefit directly through lower transaction fees and reduced settlement times, resulting in substantial net savings. In 2023 alone, real-time payments generated $116.9 billion in savings, projected to grow to $245.8 billion by 2028. Real-time payments are particularly impactful in developing regions with large unbanked populations. By leveraging mobile phones, QR codes, and digital wallets, these systems provide access to financial services for previously excluded citizens.

In developed economies, real-time payments offer an alternative to high-cost financial services, enabling people without credit cards or bank accounts to manage their finances effectively. The reduction in check-cashing fees and payday loans makes financial services more accessible, driving digital inclusion as a stepping stone to broader societal participation.

Africa is one of the fastest-growing markets for real-time payments. The continent’s young population, 40% of its 1.5 billion people are under 15 relies heavily on mobile technology, which is central to real-time financial services.

Nigeria, identified as one of the top 10 markets for profit opportunities, stands to benefit significantly from this transformative financial innovation, which promises to enhance economic efficiency, foster financial inclusion, and drive substantial business growth across the continent.

Real-time payments are enabling small businesses, in the country to operate more efficiently by allowing immediate access to funds for critical purchases. Nigeria exemplifies the transformative impact of real-time payments.

Its advanced ecosystem, led by the Nigeria Inter-Bank Settlement System (NIBSS), facilitates instant transactions across multiple platforms. As a result, 75% of all transactions in Nigeria occur in real-time, reducing the cash economy and driving economic growth. In 2023, real-time payments contributed $7 billion to Nigeria’s GDP, a figure projected to more than double to $15 billion by 2028. Additionally, the share of the banked population is expected to grow by 6.5 percentage points between 2021 and 2028, representing a $40.4 billion profit opportunity for banks.

As real-time payment systems continue to mature, their positive impact on economies and societies is becoming increasingly evident. By formalizing cash economies, enhancing financial security, and fostering entrepreneurship, these systems are creating a ripple effect that benefits everyone from governments to small businesses and individual citizens.

The Place of 3MTT Hackathon in Addressing Nigeria’s Challenges

By
Mutiu Iyanda
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0

Nigeria faces an array of socio-economic challenges spanning education, healthcare, financial inclusion, and environmental sustainability. Addressing these issues requires innovative solutions driven by technical expertise, collaboration, and grassroots involvement. The Federal Government’s 3 Million Technical Talent (3MTT) program has introduced an impactful platform: the 3MTT Hackathon. This initiative empowers fellows from Cohort 1 to 2, to leverage their technical skills and creativity to design solutions addressing local challenges within their respective states.

Hackathons are a global phenomenon, originating in 1999 within the open-source community and the corporate world. They combine exploration and collaboration, offering a unique environment for generating groundbreaking ideas. For Nigeria, the 3MTT Hackathon adapts this global concept to local realities, ensuring that technological advancements directly address societal needs.

The primary goal of the 3MTT Hackathon is to provide a space where participants can apply the technical knowledge gained through the program to create scalable, impactful solutions. Targeting key sectors such as education, health, and financial inclusion, the initiative reflects the growing recognition of hackathons as engines for societal progress. These events, often described as problem-focused programming marathons, serve as arenas for designing, pitching, and prototyping digital innovations. By challenging fellows to think beyond traditional problem-solving frameworks, the hackathon promotes out-of-the-box thinking to address pressing local needs.

Through its structure, the 3MTT Hackathon addresses pivotal areas of Nigeria’s development agenda. For instance, by encouraging solutions that improve access to quality education, the hackathon aligns with efforts to bridge learning gaps across urban and rural areas. Innovations like Yusuf Nasir’s HealStoc demonstrate how technology can enhance healthcare delivery in remote areas through telemedicine and data-driven decision-making. Meanwhile, solutions such as Ibrahim Laweso’s agricultural database and financing platform empower marginalized communities by connecting farmers with resources and buyers, thereby fostering economic growth. These targeted interventions complement broader national strategies to improve living standards and reduce inequality.

What makes the 3MTT Hackathon unique is its local focus. The programme does not merely aim for large-scale impact; it empowers participants to tackle challenges specific to their immediate environments. For instance, Farida Sulayman Unique’s waste management app addresses environmental sustainability at the community level by connecting residents with waste collectors. Similarly, Blessing Nnamani’s platform combats child abuse by improving reporting mechanisms, thereby addressing a critical social issue often overlooked in grassroots discourse.

The programme’s incentive structure, offering N1 million prizes for winning innovations—serves as a powerful motivator. In addition, the hackathon’s alignment with the broader “Tech 4 Good” initiative underscores the importance of purpose-driven innovation. For participants, the potential to secure funding not only validates their ideas but also enables real-world implementation, making the hackathon more than just a competition.

Collaboration among diverse stakeholders, including cohort fellows, state-level actors, and Agile Learning Centers (ALCs), is another hallmark of the 3MTT Hackathon. This multi-stakeholder approach ensures that solutions are not only innovative but also practical and contextually relevant. Moreover, involving stakeholders fosters a sense of shared responsibility for implementation, creating a robust support system for scaling the innovations.

The selected winners from the innovation challenge offer valuable insights into how the hackathon is catalyzing change. Community-centric solutions, such as Michael Olatokunbo’s FRIXION app, address local needs by bridging gaps between service providers and seekers. By integrating familiar tools like Google Maps, the app democratizes access to advertising, even for less-educated individuals. Meanwhile, Chukwuemeka Noble Odoh’s cybersecurity solution highlights the importance of securing digital infrastructure across various industries, ensuring that technological advancements remain resilient and trustworthy. These innovations reflect a balanced approach, combining visionary thinking with practical application. By focusing on scalability and sustainability, the hackathon’s outcomes have the potential to create a long-term impact.

The success of the 3MTT Hackathon signals a bright future for tech-driven problem-solving in Nigeria. As the program expands, it could inspire similar initiatives across other sectors, creating a ripple effect of innovation. By continuously engaging fellows and fostering partnerships with stakeholders, the hackathon model could evolve into a broader platform for national development.

In a country as diverse and dynamic as Nigeria, addressing contemporary challenges requires innovative, localized solutions. The 3MTT Hackathon exemplifies how technical talent can be harnessed to drive social impact, empowering individuals to become change agents within their communities. By focusing on education, healthcare, and financial inclusion, the initiative aligns with national priorities while inspiring a culture of innovation. With the continued support of stakeholders and participants, the 3MTT Hackathon has the potential to transform challenges into opportunities, paving the way for a more inclusive and sustainable Nigeria.

Unlock the Power of Blockchain in 2025—This Altcoin Leads the Way!

By
TI Partners
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0

2025 is shaping up to be a game-changer for blockchain technology, with innovation pushing boundaries like never before. Among the emerging leaders in this space, one altcoin is paving the way for both blockchain and artificial intelligence (AI): Lightchain.

Delivering a visionary blend of AI-powered blockchain solutions, Lightchain Protocol is revolutionizing the blockchain landscape. It’s not just about decentralization anymore—it’s about intelligent, scalable, and secure innovation.

In this blog, we’ll explore how blockchain technology is transforming key business functions and why Lightchain is at the forefront of this wave.

How Blockchain Technology is Revolutionizing the Future of FinTech

Blockchain is no longer the niche topic it once was. Across industries, its reputation as a transparent and secure decentralized ledger has made it invaluable for financial systems, data security, and supply chains.

But the next generation of blockchain, driven by innovations like Lightchain’s Proof of Intelligence (PoI) consensus and AI Virtual Machine (AIVM), unlocks new potential for both businesses and developers.

Here’s how blockchain is being redefined with cutting-edge advancements:

  • Better Scalability: Addressing growing data demands with intelligent processing power
  • Enhanced Security: Leveraging AI to combat more sophisticated threats
  • Decentralized AI Computation: Fostering fairness and equity for machine learning and data analysis tasks

This isn’t just a theory. It’s happening now. And Lightchain is leading the way.

What Sets Lightchain Apart

Unlike traditional blockchains that rely on energy-intensive Proof of Work (PoW) or stake-heavy Proof of Stake (PoS), Lightchain introduces the groundbreaking Proof of Intelligence (PoI) consensus mechanism. How does this work? By rewarding nodes for completing real-world AI computations like model training and decision optimization.

But that’s not all. The Artificial Intelligence Virtual Machine (AIVM) makes Lightchain a true powerhouse. Dubbed as the “thinking heart” of the platform, it seamlessly integrates AI tasks into blockchain operations. This revolutionary design enhances dApp performance and pushes Lightchain closer to its goal of decentralizing intelligence.

> “The AIVM is a living, evolving ecosystem where developers worldwide collaborate to build smarter, scalable applications. It’s blockchain meets brainpower.”

Add to this a transparent AI framework and decentralized governance, and you’ve got a protocol that not only innovates but also empowers its community.

Why Investors Should Keep an Eye on Lightchain

Lightchain Protocol’s focus on merging cutting-edge AI with blockchain has already garnered significant attention. With over $1.1 million raised during its Presale Stage 6, the momentum is undeniable.

Whether you’re a tech enthusiast drawn by innovation or an investor seeking the next big opportunity, Lightchain presents a dual benefit:

  1. Revolutionary Features—PoI and AIVM solve inefficiencies of traditional systems while opening doors to entirely new applications.
  2. Strong Market Position—By addressing real-world challenges like scalable AI computation and decentralized governance, Lightchain is delivering high-demand solutions.

Early adopters enjoy exclusive presale benefits and discounted tokens. Don’t miss this opportunity to be part of what could be a defining milestone in blockchain history.

Decoding Lightchain’s Place in 2025

Looking ahead, the Lightchain Roadmap reveals a clear, calculated path for innovation:

  • Testnet Rollout: Optimizing performance and collaborating with the developer community.
  • Mainnet Launch: Introducing validator nodes, developer hubs, and increased partnerships.

This isn’t just about a new altcoin—it’s about creating a more intelligent, equitable blockchain future.

How to Join the Movement

The Lightchain community is rapidly growing, with a shared goal of reshaping the future of blockchain and AI. Here’s how you can get involved:

Secure Your Spot in the Blockchain Revolution

The future of blockchain isn’t just about technology—it’s about intelligence, inclusivity, and scalability. With its innovative features and growing adoption, Lightchain is positioned to lead this exciting transformation.

Whether you’re a developer, entrepreneur, or blockchain enthusiast, Lightchain is your gateway to the possibilities of 2025. Don’t wait—be part of the next big leap in blockchain now!

Useful Links:

Big Opportunities are here again with 9ja Cosmos

By
John Mc Keown
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0

You lost before, would you like a chance to win with 9ja Cosmos again?

Last year, we created shares in 9ja Cosmos as blockchain tokens on Handshake. We offered 500 separate shares free , each one worth 0.01% of the business, comprising 5% in all.

We didn’t get a huge take-up. There were about three hoops to jump through (some effort but no cost). The biggest hurdle seems to have been to get a working wallet to receive the shares in.

They are on the Handshake Blockchain

Was it a success or failure? Well, many people jumped through two hoops, which means the promo reached people. Only a small proportion ended up with the shares, so most of the 5% on offer remained with us, that’s a bit like winning twice!

That promo is done. We’re not going to repeat it.

What we are going to do is give away 120 tokens, the owners of which will get select treatment for promo offerings, pre-sale opportunities and whatever Web3 freebies might be on offer in the future. (Like the Medusa)

You may have been one of those who lost out before. Are you going to risk losing out again?

All you need to do is secure a means of keeping your Handshake Assets. This is the format the VIP Tokens will take.

Ways:
BoB Wallet- Self Custody – PC/Laptop only
Namebase – Custodial system with auctions and market PC/Laptop is best, but system can be accessed on a phone via browser (no app)
Some Ledger hardware wallets. Handshake provision would have to be installed manually in developer mode (check with Ledger).
Fx Wallet – Phone App – note that this is Self Custody and yet closed source – not a 9ja Cosmos preferred choice. – Go to Apps Store for iOS or Google Play for Android as needed

All of these are owned by other operators in the Handshake Community and are neither owned nor managed in any way by 9ja Cosmos.

The VIP tokens are not compatible with wallets focused on 0x environments or Solana, such as MetaMask and Phantom, though some of our offerings might, especially future freebies.

We encourage everybody to secure a wallet or Namebase account in advance, and ensure it is working.

The 120 VIP tokens will be announced soon, and waiting until then to organise a wallet might cause you to miss out (again).

Good Luck

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Upcoming New Crypto Coins That Can Turn Your $100 Investment into $5000 in Just 6 Months: Invest in These 5 Picks Now

By
TI Partners
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0

Upcoming new crypto coins offer a golden opportunity to maximise profits quickly. They have the potential to turn modest investments into impressive gains in a short timeframe. If you have ever felt like traditional investments offer slow returns, the rapid growth and high ROI potential in the new crypto world could be the perfect alternative. But waiting too long to jump in can mean missed opportunities, as these projects are often most profitable early on.

The market is constantly evolving, with innovative crypto projects regularly emerging. Each boasts unique features and ambitious roadmaps that attract investors. Carefully selecting the right upcoming crypto coins can be life-changing for anyone seeking substantial returns within a short span.

This guide highlights the top new crypto projects packed with high growth potential and designed to offer returns to transform a $100 investment into $5,000 within six months. Now’s the time to explore these promising options and take the first step toward a lucrative investment journey.

Best Upcoming New Crypto Coins For Massive Gains in 6 Months

Investing in upcoming new crypto coins has its perks, as newer crypto projects usually have their tokens priced under a dollar. Below are the top five new crypto coins you can explore:

  1. 5thScape (5SCAPE)
  2. LuckHunter (LHUNT)
  3. Pepe Unchained (PEPU)
  4. Flockerz (FLOCK)
  5. SpacePay (SPY)

We have analysed these new crypto projects considering several fundamentals. So, let’s learn more about the upcoming crypto coins.

1.   5thScape (5SCAPE)

5thScape is the world’s first VR/AR-based metaverse project, taking the crypto world by storm due to its attractive financial gains and comprehensive ecosystem. It integrates VR/AR with blockchain and has games, gaming gear, animated titles, educational resources, and more.

Its native 5SCAPE coin has raised over $8 million and is amassing more demand due to its unique nature and broad utility. Currently, in the presale phase, the tokens are available at a discounted price of less than $0.005, thus giving you a chance to accumulate as many as you can with a meagre sum.

Click here to visit the 5thScape website now >>

Accordingly, early investors can unlock huge gains after the coin’s listing and enjoy the subsequent price appreciation of 15%-16% as the presale progresses. While 5SCAPE coins are the access medium to its ecosystem, early investors can acquire the lifetime VR gaming subscription pass for its platform at a much more affordable price. Thus, investors can enjoy playing VR games like Cage of Conquest, Thrust Hunter, Epic Cricket Arena, and more.

These VR games will also let you earn more 5SCAPE coins with the Play-to-Earn mechanism. You can top-up your earning options with frequent giveaways and lucrative staking yields. The token even serves as a universal exchange medium on its platform, thus increasing its utilities.

While the total supply of the 5SCAPE token remains capped at $5.21 billion coins, of which 80% will be allocated during the presale, investors can capitalise on the VR trend much earlier during the ongoing seventh presale stage. Increased bullish sentiments and robust tokenomics will benefit early adopters with a minimum of 1500% to 2500% returns in the next bull run.

2.   LuckHunter (LHUNT)

While online gamblers are projected to reach 290.5 million users with a market volume of $132.90 billion in 2029, LuckHunter is the asset to seize the opportunity by investing in its ongoing presale. With this casino gaming and sports betting project, you can generate life-changing wealth as the online gambling market progresses.

Visit the LuckHunter online casino gaming platform now >>

The project will soon integrate virtual reality (VR) technology into its online casinos to redefine experiences and provide a hyper-realistic feel. It has 210+ live games, such as Crypto Slots, Blockchain Poker, Customizable Blackjack, and more, allowing users to earn LHUNT coins through P2E mechanisms. The platform provides top-notch security and transparency, apart from a legit income stream, and hence resonates with gamblers’ needs.

The coin is currently priced at $0.001 in its first presale stage, and thus, investors purchasing it now would yield at least 400% ROI upon its official market debut. Users can even get 100% of their investment back through casino credits. Since there is no minimum deposit amount, it provides greater flexibility for investors. Additionally, it features a capped supply of 8.06 billion coins, thus ensuring scarcity and soaring LHUNT value in the long run, apart from successive price hikes with each presale stage.

3.   Pepe Unchained (PEPU)

Pepe Unchained brings a fresh twist to the original Pepe meme coin, harnessing Layer-2 technology to offer greater scalability, security, and transaction speed. This upgrade addresses the limitations of many Layer-1 cryptos, positioning PEPU as an advanced and efficient platform for the future of digital assets.

With a total supply of 8 billion tokens and 20% allocated to its presale, PEPU is designed to attract early investors looking for a secure and accessible entry into the market. One of Pepe Unchained’s unique features is its staking mechanism, which rewards users at a rate of 608.82 PEPU tokens per Ethereum block. This incentivises long-term holding and adds stability to the ecosystem.

Additionally, the project follows a well-defined roadmap with three growth phases, each aimed at enhancing sustainability and community engagement. The roadmap focuses on expanding PEPU’s user base, strengthening the token’s utility, and continually rewarding its community, which helps foster loyalty and participation among its investors.

4.   Flockerz (FLOCK)

Flockerz is a community-driven, DAO-based project that embraces decentralisation by empowering its users to influence major decisions. Through its Vote-To-Earn model, Flockerz rewards participants for voting on key aspects, such as token burns, developmental milestones, and marketing initiatives. This hands-on involvement gives holders a stake in the project’s direction, making it a unique offering in a market dominated by top-down management structures.

With a total supply of 12 billion tokens, 20% of which is allocated to presale, Flockerz has already garnered over $1.1 million in presale funding. The project’s staking program features a dynamic APY of 1,514%, rewarding token holders for their commitment to the platform.

The roadmap is divided into three phases, culminating in the token’s public trading launch, signaling the project’s readiness to engage the broader crypto market. Flockerz promises a robust future by fostering a strong community focus, enhancing its appeal for new and seasoned investors seeking governance and rewards.

5.   SpacePay (SPY)

SpacePay is a fintech initiative to transform daily transactions by bridging cryptocurrency with traditional payment infrastructure. With the vision of becoming a decentralized alternative to debit cards, SpacePay plans to integrate its software across card machines, allowing users to make transactions directly from over 325 crypto wallets while enabling merchants to receive payments in fiat.

By 2024, the platform aims to launch more than 4.5 million devices worldwide, indicating its potential for mass adoption. At the core of the SpacePay ecosystem is the SPY token, which grants holders benefits like revenue-sharing, governance rights, and access to exclusive features and airdrops. SpacePay’s “New Payment Platform of the Year” recognition at the CorporateLiveWire Global Awards underscores its industry credibility and potential impact.

With a total supply of 34 billion tokens, 20% designated for presale, SpacePay’s presale phase offers investors a chance to participate in a rapidly growing platform poised to redefine crypto payments.

Final Words On The Best Upcoming New Crypto To Buy Now

For investors looking to capture significant returns in the last quarter of 2024, 5thScape, the VR/AR Metaverse pioneer, and LuckHunter, the ultimate crypto casino bet, stand out as the top picks. With 5thScape’s integration of VR and blockchain, it offers a comprehensive, dynamic ecosystem, letting early adopters benefit from its play-to-earn model, giveaways, and a lifetime VR gaming pass.

Meanwhile, LuckHunter leverages the booming online gambling sector, featuring an innovative VR-enabled casino that rewards users with LHUNT coins and exclusive casino credits.

Both coins have gained traction through impressive presales and robust tokenomics, indicating strong growth potential. These projects provide unique technological advancements and multiple earning opportunities, making them top contenders for high ROI.

For anyone aiming to turn a $100 investment into substantial profits within six months, 5thScape and LuckHunter should be at the top of your watchlist. Additionally, you should consider investing in cryptos like Pepe Unchained, Flockerz, and SpacePay for portfolio diversification.

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