DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 4095

MX Token and the Future of Payment Systems

By
TI Partners
-
0

As the world becomes more digitized, so does the way we transact. Cash transactions are becoming a thing of the past, and digital payments are taking over. This is where the MX Token comes in. MX Token is a digital currency that is being used as a means of payment for goods and services. It has a lot of potential to revolutionize the payment systems we have today. In this article, we will take a look at MX Token and how it can shape the future of payment systems. So, if you really want to grab the chances that tis market provide to ake profits, you can take help of the platform by visiting https://bitindexai.top/.

What is MX Token?

MX Token is a digital currency that is used for payments on various platforms. It was created by the Maxonrow blockchain platform, which is designed to be a business-oriented blockchain. MX Token is the native token of the Maxonrow ecosystem, and it is used to power transactions on the platform. The Maxonrow platform aims to provide businesses with a secure and efficient blockchain infrastructure that can be used for a variety of purposes.

MX Token and Payment Systems

MX Token has the potential to revolutionize payment systems. It is a digital currency that can be used for payments across borders without the need for intermediaries. This means that transactions can be processed faster and at a lower cost than traditional payment systems. MX Token can also be used for micropayments, which is not possible with traditional payment systems. This opens up new possibilities for businesses, especially those in the e-commerce industry.

MX Token and Security

One of the most significant advantages of MX Token is its security. MX Token is based on the Maxonrow blockchain platform, which is designed to be highly secure. The platform uses advanced encryption and authentication protocols to ensure that transactions are secure and cannot be tampered with. This means that businesses can use MX Token for their transactions without worrying about security issues.

MX Token and Decentralization

MX Token is a decentralized currency, which means that it is not controlled by any central authority. This makes it different from traditional currencies, which are controlled by governments and central banks. Decentralization provides several advantages, including transparency, privacy, and security. MX Token transactions are transparent and can be tracked on the blockchain, which ensures that there is no fraud or corruption in the system.

MX Token and the Future of Payment Systems

MX Token has the potential to shape the future of payment systems. It is a digital currency that can be used for payments across borders without the need for intermediaries. This means that transactions can be processed faster and at a lower cost than traditional payment systems. MX Token can also be used for micropayments, which is not possible with traditional payment systems. This opens up new possibilities for businesses, especially those in the e-commerce industry.

Conclusion

MX Token is a digital currency that has a lot of potential to revolutionize payment systems. It is secure, decentralized, and can be used for micropayments. MX Token can be used for transactions across borders, making it ideal for businesses that operate internationally. As more businesses adopt MX Token, we can expect to see a shift towards more efficient and secure payment systems.

[Updated with DSS Statement] DSS Arrests Emefiele Following His Suspension As the CBN Governor

By
Samuel Nwite
-
1

Update 2: “The Department of State Services (DSS) hereby confirms that Mr Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria (CBN), is now in its custody for some investigative reasons,” Peter Afunanya, the spokesperson for the agency, said in a press statement he shared with PREMIUM TIMES.

Update 1: The DSS issued a statement this morning saying: ” Currently, Emefiele is not with the DSS.” They said “no comment” yesterday when asked about the arrest. Although the statement doesn’t invalidate the story, I think it should be added as an update.

The Department of State Services (DSS) has arrested the former governor of the Central Bank of Nigeria (CBN), hours after he was suspended by President Bola Tinubu.

Tinubu’s decision to suspend the CBN governor in less than two weeks after assuming office as President and Commander-in-Chief of the Armed Forces, has been linked to so many things.
But according to a statement issued by the Director of Information in the Office of the Secretary to the Government of the Federation (OSGF), Willie Bassey, the suspension is a result of ongoing investigations into the activities of the CBN and planned reforms in the financial sector of the economy.

The statement further specified that Emefiele has been instructed to hand over the responsibilities of his office to the Deputy Governor (Operations Directorate), Folashodu Shonubi, who will serve as the acting Central Bank Governor until the conclusion of the investigation and implementation of the reforms.

“President Ahmed Tinubu has suspended the Central Bank Governor, Mr. Godwin Emefiele, from office with immediate effect. This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy.

“Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of the investigation and the reforms,” he stated.

The former CBN governor was at the center of many monetary policies that allegedly impacted the economic well-being of the country negatively. Late last year, Emefiele introduced the controversial naira redesign policy which nearly ground the informal sector to a halt.

Then, Tinubu, who was campaigning as the presidential candidate of the All Progressive Congress (APC), claimed the naira redesign policy was part of the plot to scuttle his presidential ambition.

The DSS has been on Emefiele’s trail

In December, the DSS moved to arrest Emefiele on allegations of financial crimes, financing terrorism, and money laundering. However, an Abuja high court declined to grant the application by the DSS over lack of evidence.

Justice JT Tsoho, the presiding judge, ruled in declining the motion ex parte, that the secret police did not provide any concrete evidence to substantiate its claims that the CBN governor was in any way involved in terrorism financing and economic crimes.

“In the light of the foregoing reasons, I decline to grant this application ex parte. If the applicant believes that the evidence available to it so far is sufficient, then it can as well arrest and detain the applicant, even without the order of the court. If however, the applicant desires to still pursue this application, then it should place the respondent on notice considering the sensitive public office that he occupies,” the judge held.

Against this backdrop, it is not clear what the truth is. However, a growing number of Nigerians believe the president is being vindictive. Emefiele’s critics said one of his greatest undoings as the CBN governor was meddling in politics.

Read: Emefiele: The Baffling Audacity of A Partisan Central Bank Governor

Emefiele had picked up the form for APC presidential ticket while serving as the apex bank’s head.

Meanwhile, Tinubu is being criticized for appointing Shonubi, who studied mechanical engineering, as the CBN acting governor.

Meta CEO Mark Zuckerberg Comments on Apple’s Vision’s Pro VR Headset, Says Gadget Has no Significant Innovation

By
Ojukwu Emmanuel
-
0

Meta CEO Mark Zuckerberg has commented on Apple’s Newly released Vision pro-VR headset, describing the gadget as having no significant tech innovation.

Zuckerberg stated that there was a fundamental difference in approach, noting that Apple’s announcement showcases the difference in the values and the vision that both companies bring which is important.

Zuckerberg said,

“Apple finally announced their headset, so I want to talk about that for a second. I was really curious to see what they were gonna ship. And obviously, I haven’t seen it yet, so l’ll learn more as we get to play with it and see what happens and how people use it. From what I’ve seen initially, I’d say the good news is that there is no kind of magical solutions that they have to any of the constraints on laws and physics that our teams haven’t already explored and thought of.

“They went with a higher resolution display, and between that and all the technology they put in there to power it, it costs seven times more, and now requires so much energy that now you need a battery and a wire attached to it to use it. They made that design trade-off and it might make sense for the cases that they’re going for. But look, I think that their announcement really showcases the difference in the values and the vision that our companies bring to this in a way that I think is really important.

“We innovate to make sure that our products are as accessible and affordable to everyone as possible, and that is a core part of what we do. And we have sold tens of millions of Quests. More importantly, our vision for the metaverse and presence is fundamentally social. It’s about people interacting in new ways and feeling closer in new ways. Our device is also about being active and doing things. By contrast, every demo that they showed was a person sitting on a couch by themselves.

“I mean, that could be the vision of the future of computing, but like, it’s not the one that I want. There’s a real philosophical difference in terms of how we’re approaching this. And seeing what they put out there and how they’re going to compete just made me even more excited and in a lot of ways optimistic that what we’re doing matters and is going to succeed. But it’s going to be a fun journey”.

Apple’s unveiling of it’s Vision Pro headset really did not threaten Zuckerberg, going by his remarks. He stated that the newly released gadget did not provide features that Meta teams haven’t considered for the Quest 3 headset.

Zuckerberg’s remarks is the latest sign of tension between the two giant tech companies, as they are both heavily investing in developing virtual reality.

The new Apple product set to launch early next year, no doubt puts Apple in direct competition with Meta, which has been building headsets for years. Both companies have been known to be in heated rivalries as both CEOs have once traded words at each other over data privacy and app store policies.

Meta has until now been the dominant player in the headset market. But its virtual and augmented reality remains a nascent market with little mainstream consumer adoption. The Wall Street Journal reported last year that Meta had just 200,000 active users in Horizon Worlds, its app for socializing in VR.

Analysts at investment bank Morgan Stanley described Apple’s Vision Pro headset as a “moonshot” effort, saying the product “has the potential to become Apple’s next compute platform,” but it has “much to prove” before the headset’s launch in 2024.

Apple and Meta are likely to end up competing to see not only who can get consumers to choose their product, but whether either of them can get millions of customers to buy into this new wave of technology.

Several analysts have stated that the biggest hurdle to consumer adoption of the mixed-reality headsets is ensuring that there is a wide range of potential use cases and experiences available on the devices. 

Nigerian Government Suspends Central Bank Governor, Godwin Emefiele

By
Ndubuisi Ekekwe
-
1

The Nigerian government has suspended the governor of  the Central Bank of Nigeria. That brings a record – two successive governors going through “suspension” or “pause” or “quasi-sack”. Mr Emefiele will hand over to the Deputy Governor (Operations Directorate) who will hold the card until they finish an investigation in his office and also finalize some reforms in the financial sector.

Certainly, this is not a surprise. Do not expect Emefiele back. By law, he cannot be easily fired or sacked. But using suspension, a methodology which Nigeria uses to change guards, he can be kept out forever.

Good luck Nigeria and bigger luck to Naira, as the season of change begins. 

Update: There is a rumour that he has been arrested

I am not sure it is the best playbook: arresting the governor of an apex book. If the Nigerian stock exchange operates on data, the market could drop at scale tomorrow. But of course, who cares? That said, we need to modulate, and make sure that we do not criminalize being  a bad “student”. I am never a fan of Emefiele but I also will not like him to be staged. He deserves all the due processes as written in the rule books.

Profile of the Acting CBN Governor

Folashodun Shonubi is now the acting CBN Governor. He has been the bank’s Deputy Governor (Operations Directorate) since 17 October, 2018, notes Premium Times where I am pulling this data.

The new apex bank’s acting governor holds a Master’s in Business Administration from the University of Lagos. He also holds another Master’s degree in Mechanical Engineering from the same institution.

He is described as a resourceful banker with over 30 years of professional experience.

Before he was appointed Deputy Governor in the Central Bank of Nigeria, he was the Managing Director/CEO of the Nigeria Inter-Bank Settlement System PLC from 2012 to 2018.

Before that period, Mr Shonubi was Executive Director, Information Technology and Operations at Union Bank of Nigeria Plc. He was also a member of the Board of Union Homes and Director, Information Technology and Corporate Services at Renaissance Securities Nigeria Limited, with responsibility for the Group’s IT infrastructure in Africa

Between 1999 and 2007, he worked at MBC International as Deputy General Manager and supervised their IT operational platforms. Earlier, he served in First City Monument Bank Limited as Vice President and Ecobank Nigeria Limited as Executive Director.

Mr Shonubi also had a stint with Citibank Nigeria Limited as its Head, Treasury Operations (1990-1993).

How Wise Was King Solomon? The Three Instances He was Outwitted

By
Tiamiyu Ismail
-
0
Solomon's_Temple_Jerusalem
Solomon's Temple Jerusalem (source: Wikipedia)

According to several historical accounts, King Solomon remains the wisest man to have lived the earth. From Christianity to Islam to several Hermitic beliefs, the reign of King Solomon is one of the historical references that often emerge when dissecting the transient nature of power.

According to an account often referenced by Muslims, when Solomon had the opportunity to ask for one thing from God, he only beseeched God to increase him in wisdom. God was very impressed by such noble request so He decided to not only grant Solomon’s request but also fortified him with the riches of the darkness. This, according to the narration, was because riches and wisdom were meant to work in harmony.

Thus, Solomon had the power to hear the language of the birds. The wind was at his behest. And he had a large army of workers which included humans, spirits and animals. However, despite all these powers wielded by King Solomon, he could not overcome his human nature, the tendency to err, which largely contributed to the rise and fall of his empire.

The following are factors and instances that led to the fall of Solomon:

Acting on grapevine

The first error that led to Solomon’s misfortune is found in his encounter with Hopoe, one of his army of workers. One day, Solomon examined his assembly of men and discovered Hopoe was absent without an official leave. The furious king promised to deal with him except he has a tenable reason for his action.

Of course, Hopoe knew he had to save himself from the wrath of the King. So he came to the King with an unsolicited report of his self-imposed recess. He told the king he had seen a powerful Queen who rules over another vast empire with twice as many of the King’s army. While the existence of the Queen was a fact, Hopoe’s skewed account of his experience was intended to save himself by agitating the King. Immediately the King ordered the debasement of the Queen whom he’d had no direct experience with.

Acting on Emotion

Lack of emotional control always leaves one helpless to the scheme of grapevine. One without emotional control often act based on impulse rather than critically analyzing the situation and deal with the important facts. Hopoe probably realized this weakness in his master and he used it to his advantage.

Another form of lack of emotional control by the King emanated in his expression of love. The subjugation of Queen Sheba would later be a major cause of Solomon’s strained relationship with God. Having cast a spell of love on Solomon, the Queen of the East tricked the King to commit idolatry which is considered to be the gravest sin against God.

Acting on Ego

Solomon had recruited Asmodee, the prince of demons, to lead the construction of his temple made purely of bronze and iron. Asmodee was so powerful that he executed the project in the stark night without raising a sound. So nobody knew when the project was started and when it was completed. After Asmodee completed the task, Solomon decided not to release the demon so he could continue to serve him in the palace.

One day, seeing Asmodee completely overpowered, Solomon teasingly asked the demon why he could not free himself if he’s as powerful as he’s thought to be. Then, Asmodee told Solomon to remove the ring he was wearing. On the ring was inscribed the name of God.

Because Solomon was curious to know what the prince was capable of, he accepted his challenge. Immediately Solomon removed the ring, he became powerless and Asmodee was able to throw him thousands of miles far off the kingdom and took on his image and ruled over the kingdom while people didn’t realize this for many years.

Since the time of Solomon, many great empires, individuals and businesses have fallen off power and relevance. Usually, the causes of their fall have not been any different from that of Solomon’s. On the other hand, those that have endured share certain characteristics in common. These have been extensively discussed to include; emotional intelligence, humility, and reason which include the ability to uncover the hidden intention of something, for example a gossip, through logic and critical thinking.

1...4,0944,0954,096...8,051Page 4,095 of 8,051

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy