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Join us for the liberation of the mind on #microtransactions at Tekedia Mini-MBA Live

By
Ndubuisi Ekekwe
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0

Today, we continue our conversation on the mechanics of markets as our Faculty Afolabi Olamide of Touch and Pay Technologies Ltd (YC W22), the creators of Cowry card in Lagos, comes to Tekedia Mini-MBA Live. In less than three years, they grew from 1,000 to more than 3 million users, demonstrating the power of innovation.

What do they do? They digitize small payments like N200, N300, etc, making sure that revenue is assured for merchants, owners, vendors and companies. And the vision has worked, maximally: if you take care of the kobos, the Nairas will take care of themselves.

With more than 99% system reliability through a closed network, they made customers to become FANS, and when fandom happens in markets, you thrive. And it is contactless which means the card lasts longer in the rain, sun, and harmattan. Olamide will speak, and we will learn from him on why design wins markets. The market players include danfo owners, bus drivers, shops, etc who upon deploying their solutions see bigger revenue. Yes, when leakages are blocked, revenue increases. You can also see why Tekedia Capital invested in this company.

Join us for the liberation of the mind here

Senegalese Government Suspends TikTok Until Further Notice, Over Threat to The Stability of The Country

By
Ojukwu Emmanuel
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0
The brand is growing

The Senegalese government has suspended social media platform TikTok, over concerns that the app is used to spread hateful messages, threatening the stability of the country.

The country’s Minister of Communication, Telecommunications, and the Digital Economy, Hon. Moussa Bocar Thiam, announced this via a statement on Wednesday.

The statement reads,

“The minister informs the public that it has been observed that the TikTok application is the social network favored by people with bad intentions to spread hateful and subversive messages threatening the stability of the country”.

This decision by the Senegalese government is coming two days after it restricted the use of mobile internet in the country, due to hateful and subversive messages on social media, following calls for protests over the arrest of opposition politician Ousmane Sonko. He was charged with plotting an insurrection, criminal conspiracy, and other offenses.

It is worth noting that Senegal has witnessed sporadic violent protests throughout the year, as opposition supporters have accused President Macky Sall of leveling charges against Sonko to disqualify him from the next election.

Political party in Senegal, PASTEF communiqué, said that President Macky Sall in his despotic determination to hold on to power in the country, albeit by Proxy, has just opened the floodgates to chaos by imprisoning his opposition on spurious grounds.

Macky Sall’s opposition, Sonko, said a local judge in the capital Dakar ordered him held temporarily following fresh charges against him, which includes conspiracy against the state and calls for insurrection. The charges are different from an earlier one of corrupting youth.

That led to Sonko’s conviction in June this year, which ignited deadly protests across the nation with 23 people killed. Sonko is popular among Senegal’s youth and has been seen as a threat to the ruling party ahead of the 2024 election.

His supporters have said the charges are to prevent him from running again for president after he placed third in 2019 race.

The fierce politician announced while in detention that he was going on a hunger strike, urging his supporters to stand up and resist oppression. He is currently facing a string of legal woes he claims are aimed at keeping him out of politics.

With the current ban on the short-form video platform, TikTok, which the Senegalese government termed as a tool used to spread hateful content, it will only intensify the political crisis and civil unrest in the country.

These act of government nations shutting down access to the internet and different social media platforms, has become prevalent among African countries.

A reference to when the Nigerian government in October 2020 shut down citizens’ access to Twitter during the EndSARS protest against police brutality.

These shutdowns typically occur during periods of political unrest, elections, or government crackdowns on dissenting voices. Governments have cited reasons such as national security, maintaining law and order, or preventing the spread of misinformation as their justifications for these actions.

Meanwhile, shutting down social media platforms has been a controversial measure, often criticized by human rights organizations and advocates of free speech, as it restricts citizens’ access to information and limits their ability to communicate.

Uber Integrates M-Pesa as A Payment Option on Its Platform, to Enhance Seamless Payment Process For Riders in Kenya

By
Ojukwu Emmanuel
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0

Multinational transportation Network company that operates through a mobile app, Uber, has integrated M-Pesa, a mobile money service, to enhance a seamless payment process for riders in Kenya.

M-Pesa announced on Wednesday that its strategic partnership Uber, will see riders across Kenya pay for trips through its mobile money service. It further noted that it will mark a significant step towards further integrating mobile money services into the country’s transportation industry.

Safaricom, the parent company of M-Pesa, highlighted the advantage this collaboration with Uber brings to drivers who lack traditional bank accounts. According to statistics by Uber Kenya, approximately 20% of drivers on the platform currently lack bank accounts, limiting their ability to harness the full potential of digital transactions.

Previously, riders who wished to pay for trips via M-PESA had to request the driver’s M-PESA number and send the cab fare directly to them. While this method worked for some, it did not involve Uber, leaving it up to the driver to remit their commission to Uber.

Speaking on its collaboration with M-Pesa, the Head of East Africa at Uber, Imran Manji said,

“Through the integration of M-Pesa for trip payments, we are excited to bring ease and convenience of mobile money to riders on our platform. We are pleased to have found a partner in Safaricom in order to take these significant steps towards enhancing financial inclusion in the country”.

Also commenting on its collaboration with Uber, Safaricom CEO, Peter Ndegwa highlighted the usefulness of the feature.

He said, “This partnership with Uber will enable us to provide thousands of drivers and delivery people alongside millions of customers with a fully digital solution with faster, secure, affordable,  and convenient payments through M-PESA. We maintain a strong commitment to working with partners such as Uber as they enable us to deliver more value and opportunities to our customers in line with our purpose to transform lives”.

The M-PESA integration goes beyond settling cab fees. Drivers can now receive their disbursements using M-PESA if they choose to do so. Previously, disbursements were limited to bank accounts. However, those without bank accounts can opt for the M-PESA option with the new channel.

Alternatively, those with bank accounts can still choose M-PESA and eliminate one-step transaction charges when transferring their disbursements from the bank to mobile money wallets. This collaboration aims to empower thousands of drivers with greater financial inclusivity and convenience.

However, it is worth noting that the integration of M-Pesa into Uber’s payment ecosystem is not entirely new. The partnership initially happened in May 2023, when Uber introduced M-Pesa as a payment option for its food delivery service, Uber Eats.

This allowed consumers to pay for deliveries seamlessly through M-Pesa, while delivery personnel could conveniently receive their earnings via the mobile money platform.

Safaricom’s mobile money service, M-Pesa, has continued to solidify its dominance in Kenya’s payment landscape, with a significant majority of the Kenyan population utilizing the service for their financial transactions.

M-Pesa has engaged in several strategic partnerships with various companies to expand its services and offerings. These partnerships aim to enhance the M-Pesa ecosystem, increase its user base and provide additional value to its customers.

M-Pesa has continued to play a crucial role in promoting financial inclusion in Kenya, by providing access to basic financial services to a large population of people, allowing them to send and receive money seamlessly.

The service’s success has also led to the expansion beyond Kenya to other countries in the region, further solidifying its status as a dominant player in the mobile money market.

Powering The Next Generation – Immutable X and Tradecurve, which crypto has the most potential?

By
TI Partners
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0

On-chain data shows seasoned crypto investors have heavily allocated their portfolios toward new DeFi projects. ImmutableX (IMX) and Tradecurve (TCRV) are two prime contenders powering the next generation. But which of these cryptos has the most potential? Although both have incredible upside possibilities, Tradecurve takes the lead due to its integration of Artificial Intelligence.

>Register For The Tradecurve Presale<<

Tradecurve (TCRV) The Future of On-Chain Trading 

Tradecurve has seen surging growth in its presale, peaking the interest of investors more over platforms like Immutable X. And has been one of the largest net beneficiaries of the general swing from crypto market participants towards decentralized trading instead of centralized trading services.

The unique hybrid infrastructure model of Tradecurve powers the best of both worlds. The experience of trading on Tradecurve parallels that of using a centralized order book model with no slippage and instant fills. But at its core remains fully decentralized, with investors retaining full custody of their assets and high commission fees replaced with transparent on-chain pricing.

Tradecurve’s expansive market access across asset classes has been the driving force behind this next-gen protocol. On Tradecurve, investors can trade on TradFi primary assets such as bonds, equities, forex, and ETFs alongside the traditional crypto pairings.

This movement from crypto-to-crypto pairings to crypto-to-derivatives pairings opens the path for Tradecurve to onboard colossal trading volume from TradFi.

TradFi markets remain magnitudes larger and see far more volume than crypto trading markets. For example, the turnover in global foreign exchange (FX) markets reached $7.5 trillion per day in April 2022.

Tradecurve can bring this trading volume on-chain, and this potential for market disruption led analysts to forecast $TCRV doing a 50X before the presale closes and at least a 100X when it launches on major centralized exchanges.

The protocol’s integration of AI through its trading algorithms also places Tradecurve at the forefront of the AI narrative, adding rocket fuel to this up-and-coming trading-specialized altcoin gem.

ImmutableX (IMX) NFT-Specialized Layer Two

ImmutableX (IMX) is a layer two scaling solution built especially for NFTs and GameFi. Instead of paying expensive Ethereum (ETH) gas fees which can run into the hundreds of dollars per transaction, users can mint NFTs on the ImmutableX (IMX) chain for free.

ImmutableX (IMX) leverages StarkWare’s roll-up technology to enhance scalability but still benefits from Ethereum’s (ETH) security guarantees. ImmutableX (IMX) provides SDKs that allow game developers to integrate the chain into their games.

GameFi, or, more specifically, blockchain-based games, are execution-heavy applications. ImmutableX (IMX) providing scalability infrastructure has paved the way for these games to deploy on-chain at a reasonable cost.

ImmutableX (IMX) has already minted over 33 million gas-free NFTs, and analysts have forecast the native token ImmutableX (IMX) trading between $2.50 and $2.86 in 2024, showing its upside potential.

 

For more information about the Tradecurve (TCRV) presale:

Website: https://tradecurve.io/

Buy presale: https://app.tradecurve.io/sign-up

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official

ImmutableX News: IMX Skyrockets 15%; What Does It Mean For Polygon And Signuptoken.com?

By
TI Partners
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0

In the world of cryptocurrencies, one name that has recently been making headlines is ImmutableX (IMX). According to the latest ImmutableX news, the digital asset’s price has surged an impressive 15%, igniting curiosity among crypto traders. But what lies behind this meteoric rise, and how does it impact other major altcoins like Polygon (MATIC) and new presales like Signuptoken.com (SIGN)? Today, we’ll take a dive into the web3 sphere, exploring the reasons behind IMX’s soaring success, comparing it to Polygon, and uncovering the allure of Sign Up Token’s crypto presale.

ImmutableX News: The Rising Star of Web3

ImmutableX, also known as IMX, has been captivating investors with its innovative approach to the Web3 space. Unlike traditional cryptocurrencies, IMX is built on the principles of decentralized gaming, combining the power of NFTs (non-fungible tokens) and blockchain technology. This unique proposition has attracted considerable attention, leading to its 15% price surge.

 

ImmutableX’s growth can be credited to its user experience and technological advancements. With its gas-free transactions and reduced environmental impact, it has positioned itself as a frontrunner in the Web3 revolution. The future looks bright

for ImmutableX as Web3 continues to gain momentum in 2023. With the rising demand for eco-friendly blockchain solutions, IMX is likely to continue soaring high, making it an enticing option for potential investors.

Polygon: A Contender In The Web3 Arena

Polygon has earned its reputation as a prominent layer 2 scaling solution for Ethereum (ETH). As the Ethereum network struggles with high gas fees and slower transactions, Polygon swooped in to save the day with its scalable and efficient platform. Polygon’s unique selling proposition lies in its seamless integration with Ethereum, allowing for quick and cost-effective transactions. Its interoperability and compatibility with Ethereum smart contracts have made it a preferred choice for developers and users alike.

Polygon’s growth can be attributed to its strategic partnerships and continuous efforts to improve scalability on the Ethereum network. As more projects flock to Polygon for its robust infrastructure, its value has surged alongside the rising demand for Web3 solutions.

Sign Up Token: Unlocking The Presale Potential

Sign Up Token has emerged as a crypto presale with a difference. The project’s audited approval and 72x ROI have garnered significant attention from investors looking for altcoins with promising potential. Moreover, its referral-based growth model has fostered a genuine community, creating a solid foundation for success.

Unlike many other presales, Sign Up Token doesn’t have multiple stages of funding. Instead, it focuses on building its user base through referrals, incentivizing investors to invite friends and family. This organic approach has led to more than 6,000 genuine subscribers, paving the way for a successful token launch. Once it reaches 1 million subscribers, it will launch its ERC-20 token on Uniswap.

Sign Up Token’s recipe for success includes genuine community engagement, transparency, and a unique referral system. By keeping the community involved and informed, the project is well-positioned to thrive in the competitive crypto market.

Invest Now And Watch Your Wealth Grow

As we conclude our exploration of ImmutableX news, noting its 15% price surge and its implications for Polygon and Sign Up Token, the world of Web3 continues to excite and intrigue. With innovations like ImmutableX’s gas-free NFT marketplace, Polygon’s scalable Ethereum solution, and SignUp Token’s unique presale approach, the crypto space remains vibrant and full of opportunities.

However, if you want to get high ROI on presales, visit SignUp Token’s official website and social media. You don’t want to miss out on the 72x ROI; invest now!

 

Signuptoken.com:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

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