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Interswitch Records New Milestone, Processed 1.2 Billion Transactions in March 2023

By
Ojukwu Emmanuel
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0
Interswitch

One of Africa’s leading technology-driven companies focused on payments, Interswitch, has recorded a new milestone after it processed 1.2 billion transactions in March in Nigeria alone.

The company disclosed that the recent milestone is the highest it has ever processed in a single month in the country, which is a testament to the trust that customers have placed on the platform.

Speaking on the recent milestone achieved, The Chief Executive Officer/Founder of Interswitch Limited, Mr. Mitchell Elegbe said, “We are thrilled to have processed 1.2 billion transactions in March within Nigeria alone. This milestone is a testament to the trust that our customers have placed in us and our commitment to delivering innovative and secure digital payment solutions across Nigeria and beyond.

“This milestone is one that was made possible by our proactive investment in cutting-edge technologies that truly power the financial landscape. As we continue to grow and expand our operations, we remain committed to driving financial inclusion and helping businesses and individuals unlock the full potential of digital technologies.”

He further noted that Interswitch’s success emphasizes the hard work and dedication of employees and highlights the fact that the firm is on the right path to achieving its set objectives.

Interswitch’s broad network and robust payments platform have been instrumental to the development of the Nigerian payments ecosystem and provide Interswitch with credibility to expand across Africa. In 2019, the company partnered with Visa, the world leader in digital payments to advance the digital payments ecosystem across Africa.

In October 2020, Quickteller launched the Qtrybe community, a community of 50 exceptional students from Nigerian tertiary institutions to serve as ambassadors of Quickteller and Interswitch on their campuses.

Today, the Fintech company is a leading player with critical mass in Africa’s rapidly developing financial ecosystem and is active across the payments value chain, providing a full suite of Omni-channel payment solutions.

The company has effectively bridged the divide between consumers, institutions, and merchants with innovative payment solutions such as Verve, the largest domestic card scheme in Africa with 100% payment acceptance in Nigeria and acceptance in over 185 countries globally. Interswitch has continued to develop innovative solutions to drive seamless payment technology for the 21st century, actively supporting Africa’s journey toward a cashless future.

The company was established as a common African financial services provider and maintains exclusively a wide array of interconnected datacenters in Africa. It has over 11,000 ATMs on its network, with more users in Nigeria than anywhere else.

US Treasury Department Warns that DeFi Poses A National Security Threat

By
Samuel Nwite
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0

The US Treasury Department has on Thursday warned that the decentralized cryptocurrency market poses a threat to national security and needs further regulatory oversight.

The warning came amid concerns that cryptocurrency serves as a conduit pipe for money-laundering and tax evasion. The crypto market uses Decentralized Finance (DeFi) as a technique to enable transactions without intermediary oversight.

The components of DeFi are stablecoins, software, and hardware that enables the development of applications. The ecosystem creates a global, fully automated, and economically inclusive financial system from the bottom up.

In a new report assessing the risk of DeFi markets, the Treasury advocated greater oversight and lays the foundation for tougher regulations and punitive action by federal agencies.

DeFi eliminates the fees that banks and other financial companies charge for using their services. Individuals hold money in a secure digital wallet, can transfer funds in minutes, and anyone with an internet connection can use it.

Since becoming an integral part of global finance a few years back, DeFi has left regulators in the dark due to its use of online software to enable transactions. As its adoption spreads, the decentralization deepens the concern, especially in the US, that the crypto industry is creating a platform for undetectable financial irregularities.

“Ransomware hackers, rogue states and other national security threats have seized upon the market’s opaqueness to move money around the world without detection, facilitating the financing critical to their operations,” the Treasury Department report said.

The Treasury Department also noted that DeFi has created crime risks that need to be addressed through regulatory oversight.

“Illicit actors, including criminals, scammers, and North Korean cyber actors are using DeFi services in the process of laundering illicit funds,” WSJ quoted Brian Nelson, Treasury’s undersecretary for terrorism and financial intelligence, as saying. “Capturing the potential benefits associated with DeFi services requires addressing these risks.”

To arrest the situation, the report outlined steps the Treasures Department intends to take. It says the Treasury plans to bring the market under greater federal oversight, which will enable enforcement action against platforms that fail to establish sufficient vetting policies.

Nelson said the private sector should use the department’s findings to inform their own risk mitigation strategies. He added that companies need to take clear steps, in line with regulations to counter money laundering, terror financing and sanctions-evasion, to prevent illicit actors from abusing DeFi services.

The Treasury Department also recommended that the federal government needs to bolster its existing supervision and enforcement of the market by requiring platforms to adhere to the same anti-money-laundering rules that banks and other financial institutions must follow.

“Federal agencies also need to expand their regulatory powers to cover potential gaps in oversight of the markets, and work with other governments to establish international standards,” it said.

However, the implementation of the recommendations will defeat the purpose of DeFi, which is to use emerging technology to remove third parties and centralized institutions from financial transactions.

Great Testimonials from ARTSPLIT Scholars Who Attended Tekedia CollegeBoost

By
Ndubuisi Ekekwe
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0

First, I want to thank Ideas Worth Billions for supporting Artsplit Scholars during their studies at Tekedia Institute. That many of you put your time to mentor and support these undergraduates, close to 2,000 of them, and in the end, sought feedback from them, is commendable. I want to thank everyone working in your non-profit. You did this without any compensation in any way; you just showed passion to make those ideas scale.

I also want to thank Artsplit which funded these students, making it one of the largest scholarship endeavours in Africa. I thank Onyinye Anyaegbu, Nonso Okpala, Rotimi Awofisibe (ACA,ACITN) – Chartered Accountant, and the whole leadership, for giving Tekedia Institute this opportunity to deepen the capabilities of our undergraduates through Tekedia CollegeBoost, an advanced diploma program in business administration.

Good People, read these testimonials from our students- they’re #ready2lead.

Please visit and download Artsplit app here. ARTSPLIT is Africa’s pioneering art marketplace where creators, collectors and investors of art converge. Yes, you create and also buy within an amazing digital ecosystem the team has created.

KuCoin Token (KCS), Orbeon Protocol (ORBN) and Uniswap (UNI) – Most Talked About Cryptos In 2023

By
TI Partners
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0

As the crypto market was booming again after the fall of Signature and Silicon Valley Bank last month, investors are coming in droves to tokens such as KuCoin Token (KCS) and Uniswap (UNI) due to their past success. However, experts and analysts alike are more enthralled by Orbeon Protocol (ORBN), which successfully completed its presale, providing price gains to early investors and with a recent Uniswap (UNI) listing, the current price of $0.2124 is bound to go up. Keep reading and see how they may stack up in 2023.

>>BUY ORBEON TOKENS HERE<<

KuCoin Token (KCS)

The value of KuCoin Token (KCS) has been slowly rising this past week after KuCoin released a new UI upgrade to its Spotlight. The KuCoin Token (KCS) community was pleased with this update which made the Spotlight more user-friendly and visually attractive.

KuCoin Token (KCS) is trading hands at $8.32 with a market cap of $818M, up in the last day alone. The moving averages for KuCoin Token (KCS) also show a solid buy signal, which displays a good situation for the token overall.

However, the KuCoin Token (KCS) trading volume might be a cause for concern as it has decreased in the past 24 hours and now sits at $1,332,995. Bullish analysts believe that KuCoin Token (KCS) could rise to $10.43 by the end of 2023, but a short-term bearish sentiment surrounds KuCoin Token (KCS) as its selling pressure grows.

>>BUY ORBEON TOKENS HERE<<

Uniswap (UNI)

Recently, a clever sandwich attack on Uniswap (UNI) resulted in the theft of tokens valued at roughly $25.2M. Since then, Uniswap (UNI) has taken steps to address the attack by requesting that users exercise caution while handling their assets.

Currently, Uniswap (UNI) has a value of $6.10, an increase in the last 24 hours. Uniswap (UNI) is also trading below its daily moving averages, which could soon spell trouble for the token.

And with a trading volume loss of 5.18% overnight, Uniswap (UNI) could fall further soon. However, experts remain bullish for the token long-term as they forecast a $7.50 value for it by December 2023.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN)

Establishing a company has several obstacles, such as difficulty standing out and building a loyal customer base, which can make it challenging to raise funds. However, due to the Orbeon Protocol (ORBN), all of it will be prevented. This decentralized crowdfunding platform will use blockchain and NFT technology to its maximum potential, allowing startups in need of funding to launch actual financing rounds in the form of equity-based NFTs through Orbeon Protocol (ORBN).

Afterward, these tokens will be fractionalized and sold to regular investors for prices as low as $1. Because it will be technologically superior to its rivals, Orbeon Protocol (ORBN) is very likely to dominate the lending industry for years to come – bringing benefits such as faster funding goal completion, growing your fanbase while entering the Web3 space and a marketplace for vetted Tier 1 startups and brands.

As another plus for Orbeon Protocol (ORBN) is the team will lock liquidity and team tokens for a decade, showcasing their long-term commitment to this project. Also, the contract code has already been audited by SolidProof and passed with flying colors.

Holding the Orbeon Protocol (ORBN) native token, ORBN brings holders a plethora of perks, such as trading fee price cuts, staking rewards and governance voting rights. And for only $0.2124 currently, these come as a great deal from Orbeon Protocol (ORBN).

The recent Uniswap (UNI) listing has made many experts hint that ORBN could surge to $0.24 soon – so buy Orbeon Protocol (ORBN) now and do not miss out on this once-in-a-lifetime investment opportunity.

 

Find Out More About The Orbeon Protocol

Website: https://orbeonprotocol.com/

Telegram: https://t.me/OrbeonProtocol

Uniswap: https://app.uniswap.org/#/swap

Twitter: https://twitter.com/OrbeonProtocol

Could Conflux (CFX) Dethrone Cardano (ADA)? Analysts Prefer Collateral Network (COLT) for the Biggest Gains

By
TI Partners
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0

Are you looking for the best altcoins to outperform the market? Among the latest top gainers, Conflux (CFX) is a new project that has recorded a four-digit growth this year so far – could it rise so much as to dethrone Cardano’s ADA? Or will Collateral Network emerge as the cream of the crop after already raising over $460,000 in presale.

>>BUY COLT TOKENS NOW<<

Could Conflux (CFX) Dethrone Cardano (ADA)?

Conflux (CFX) is one of the best-performing crypto assets of 2023. In only a few months, CFX skyrocketed by about 1,400%, leaving many other cryptos like Cardano’s ADA behind.

Conflux is one of the best performers thanks to its status as the only blockchain in China approved by the authorities. In other words, its chances of being shut down unexpectedly are lower – and one piece of evidence is its recent partnership with China Telecom, whose fruit is the release of blockchain-enabled sim cards in Hong Kong.

Even more importantly, Conflux (CFX) doesn’t only plan to activate locally but rather act as a bridge between the East and the West. These aspects, along with many partnerships and capital inflows, have pushed CFX through the ceiling in only a few weeks.

At the time of writing, CFX is priced at $0.39, while Cardano’s ADA is $0.40 – a very tight $0.01 separating the two crypto coins. Analysts expect CFX to rise above $0.58 this year.

On the other hand, Cardano may not have such an impressive trajectory, but it does not experience the risks associated with CFX either. Cardano, founded back in 2017, has proven resilience in the market by surviving several downturns. Consequently, if you are seeking more stability, ADA may be a better pick in the long run.

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT) Changes the Lending Industry for Good

If you haven’t heard of Collateral Network (COLT) yet, you may be missing out on one of the crypto projects with the most upward potential this year. Analysts expect gains to reach as much as 3,500% for early investors who buy collateral network tokens at the current price of $0.01 – in other words, it is predicted to reach $0.35.

The hype is built on the use cases of the Collateral Network platform. It is a crowdlending platform where lenders and borrowers meet and avoid the high costs associated with the traditional banking system.

Borrowers can use any valuable good as collateral for a loan, including vintage cars, fine artwork, diamonds or gold bars, and more. The collateral network platform mints asset-backed NFTs, allowing lenders to fund the loans. In case of default, the platform removes the physical asset from the secured vault and places it in an auction. If the borrower pays off the loan successfully, the physical asset used as collateral is returned to them.

COLT is the native token of the platform and early investors get multiple rewards, including discounts, access to a VIP club, and voting rights.

Summary

The crypto market is on the rise. Conflux (CFX) stands out as the most promising blockchain project in China, but Cardano may bring more stability to your portfolio. Meanwhile, Collateral Network (COLT) revolutionizes the whole crowdlending industry, making investors flock to the platform to acquire their first tokens for only $0.01.

Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk

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