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Assessing the Potential of Uwerx and Conflux on the Market

By
TI Partners
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0

Uncover the market potential of Uwerx and Conflux, two cryptocurrencies making waves in the ever-changing crypto space.

> BUY WERX TOKENS NOW<<

As investors seek out promising opportunities, these projects have caught the market’s attention. This article comprehensively assesses their features, market performance, and the factors that contribute to their potential success.

Conflux (CFX): Exploring the Potential of a Next-Generation Blockchain Network

Conflux (CFX) is a next-generation blockchain network that aims to address the scalability and performance challenges existing blockchain platforms face. With its unique Tree-Graph consensus mechanism, Conflux (CFX) is designed to achieve high throughput and low latency, making it suitable for various applications.

One of the notable developments for Conflux (CFX) is its integration with decentralized central finance (DeFi) protocols, allowing users to access a wide range of financial services on the Conflux (CFX) network. This integration enhances the usability and utility of the platform, attracting more users and developers to leverage its capabilities.

Additionally, Conflux (CFX) has been actively collaborating with industry-leading projects and organizations to foster innovation and drive the adoption of blockchain technology. These partnerships include collaborations with academic institutions, research centers, and enterprise blockchain platforms.

Conflux (CFX) is well-positioned to become a prominent player in the blockchain space. Investors closely monitor Conflux (CFX) as it strives to revolutionize how blockchain networks operate and pave the way for mainstream adoption.

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Uwerx (WERX): Presale Coming to an End!

Uwerx is an innovative platform that aims to revolutionize the freelancing industry through blockchain technology. By leveraging the decentralized nature of blockchain, Uwerx provides a secure and transparent ecosystem for freelancers and clients to connect and collaborate.

With its robust smart contract functionality, Uwerx ensures that freelancers are paid fairly and on time, eliminating the need for intermediaries and reducing transaction costs. The platform offers freelance services across various industries, providing opportunities for talented individuals worldwide.

One of the standout features of Uwerx is its decentralized reputation system, which allows users to build and showcase their professional reputation based on verified work history and client feedback. This helps clients find reliable freelancers and freelancers establish trust with potential clients.

With its user-friendly interface, competitive transaction fees (1% compared to Upwork’s 10% and Fiverr’s 20%), and commitment to transparency, Uwerx is poised to disrupt the traditional freelancing industry and provide a more efficient and equitable marketplace for freelancers and clients alike.

Furthermore, Uwerx has completed the Alpha platform, showcasing its commitment to delivering a functional and user-friendly experience. The platform has received positive feedback from early users, highlighting its intuitive interface and efficient workflow.

Looking ahead, Uwerx is already working on the Beta platform, which promises to introduce even more features and enhancements based on user feedback. The Uwerx community eagerly anticipates the transition from Alpha to Beta, which marks another milestone in the platform’s evolution.

Uwerx also stands out with its community-driven approach. The Uwerx team has actively engaged with the community and listened to their feedback, leading to modifications in token allocations during the presale stage. This demonstrates Uwerx’s commitment to creating a platform that caters to the needs and demands of its users.

Investors and freelancers alike are closely watching the rise of Uwerx as it continues to make waves in the crypto landscape and reshape the future of freelancing.

Act now! Time is running out for the Uwerx promotion on WERX, currently priced at $0.05645. You have the opportunity to enjoy a remarkable 12.50% additional bonus on all purchases, along with the ongoing 15% bonus. Don’t let this unbeatable offer slip away – the promotion ends at 23:59 UTC today! Seize the chance to benefit from these exclusive bonuses before it’s too late!

 

Join the presale now and enjoy a 15% plus 12.5% bonus:

 

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

CEO of Opay, Olu Akanmu, Steps Down From Position After Two Years

By
Ojukwu Emmanuel
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0

The president and Co-CEO of Opay Nigeria, Olu Akanmu, has stepped down from his position, after two years at the fintech company.

Mr. Akanmu’s resignation is coming amid the celebration of Opay’s fifth anniversary in Nigeria.

While appreciating stakeholders for their support during his tenure as Opay CEO, Akanmu specifically challenged the fintech community in Nigeria to deepen financial inclusion.

Announcing his resignation via a post on LinkedIn, Akanmu wrote,

“End of a Chapter. Moving on to New Ones:  My Gratitude to all my colleagues at Opay for the good work we did together in deepening #financialinclusion in Nigeria, ensuring that fewer and less number of our people are left behind in partaking out of the opportunities of the #digital financial system.

“Many thanks also to all our #ecosystem partners and enablers who complimented us, without which we would not have been able to deliver on the lofty mission of OPay which is to “deepen financial inclusion through technology. Yet there is still so much to be done collectively by us all to ensure that no one is left behind by the modern digital financial system.

“The lesson of the cashless or limited Cash period earlier in the year is that millions are not yet included despite the progress we have made collectively as an #ecosystem. For the Nigeria Fintech community, the imperative of ensuring that we serve not only the banked and underserved, but also the completely excluded which still represents at least 45% of our people should be our collective and greater patriotic mission, complementing the historic efforts of traditional players.

“Collaborations, public-private partnerships, and more deliberate coordination at the digital public infrastructure (#dpi) ecosystem layers, would be critical to ensure we succeed in doing the next heavy lifting to extend the digital financial rail to the next 20 million. The good work of a more inclusive #society where everyone can fulfill their God-given potential and prosperity becomes more widely shared continues.”

Akanmu was appointed as the CEO of Opay in 2021, to guide the company towards attaining all of its goals and objectives. His background in the banking sector provided him with the advantage to lead the fintech firm, which saw him perform exceptionally.

Under his watch, Opay recorded impressive growth, especially during the Naira shortage in the country, which saw the fintech app as one of the most downloaded digital banks in Nigeria in 2023, thanks to the cash crunch and failure of traditional banks.

Akanmu is a seasoned commercial executive with a wide range of expertise at high levels in consumer products, manufacturing, healthcare, telecommunications, and financial services.

Best wishes in his endeavors.

Bendigo Bank blocks high risk crypto payments to protect customers from scams

By
Paul Ugbede Godwin
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0

Bendigo Bank, one of Australia’s largest banks, has announced that it will block certain crypto-related transactions that are deemed to be high risk, in order to protect its customers from falling victim to scams and frauds.

The bank said in a statement that it has identified a number of crypto platforms and merchants that have been involved in fraudulent activities or have received a high volume of customer complaints. These include some crypto exchanges, wallets, mining services, gambling sites and online casinos.

The bank said that it will not process any payments to or from these platforms and merchants and will notify its customers if they attempt to do so. The bank also advised its customers to exercise caution when dealing with crypto transactions, and to report any suspicious or unauthorized activity on their accounts.

The bank said that the decision was made after careful consideration and consultation with industry experts and regulators, and that it was in line with its commitment to provide a safe and secure banking environment for its customers.

The bank said that it will continue to monitor the crypto landscape and review its policies as needed, and that it will support legitimate and regulated crypto businesses that comply with the Australian laws and standards.

The bank’s move comes amid a surge in crypto-related scams and frauds in Australia and around the world, as more people are attracted to the potential of digital currencies. According to the Australian Competition and Consumer Commission (ACCC), Australians lost over $70 million to crypto scams in 2020, a 600% increase from the previous year.

The ACCC warned that scammers are using various tactics to lure people into investing in fake or unregulated crypto schemes, such as impersonating celebrities, offering fake investment opportunities, hacking social media accounts, sending phishing emails and texts, and creating fake websites and apps.

The ACCC urged consumers to do their research before investing in any crypto-related venture, and to avoid any offers that sound too good to be true, such as guaranteed returns, low fees, free trials or bonuses. The ACCC also advised consumers to check the credentials of the crypto platforms and merchants they deal with, and to only use reputable and regulated services that have a valid Australian Business Number (ABN) and are registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC). The ACCC also encouraged consumers to report any crypto scams they encounter to Scamwatch, a website that provides information on how to recognize, avoid and report scams.

World App Wallets Reaches Million On chain Usage

We are thrilled to announce that World App Wallets have surpassed 1 million active users according to the latest dune analysis. This is a remarkable achievement that reflects the growing demand for our innovative and user-friendly platform that enables seamless and secure transactions across the globe.

World App Wallets are designed to provide a simple and convenient way to store, send and receive cryptocurrencies and fiat currencies. Users can easily swap between different currencies, access decentralized applications, and enjoy low fees and fast transactions. Our wallets are also compatible with various hardware devices, such as Ledger and Trezor, for enhanced security and peace of peace of mind.

As World App celebrates this achievement, we are also looking forward to the future. We have many exciting plans and features in the pipeline that will make World App Wallets even more powerful and versatile. Some of these include:

Adding more currencies and tokens to our platform, including stablecoins, NFTs and DeFi tokens.

Launching a mobile app version of our wallet that will allow users to access their funds anytime, anywhere.

Integrating with more platforms and services that will enhance the functionality and utility of our wallet.

Developing a loyalty program that will reward our users for their activity and engagement.

Implementing new security measures and protocols that will ensure the safety and privacy of our users’ data and funds.

We are confident that these developments will take World App Wallets to the next level and make it the ultimate choice for anyone looking for a reliable and convenient crypto wallet. We invite you to join us on this journey and experience the benefits of World App Wallets for yourself.

Weracle Partners with Immutable for Blockchain Based Tower Defense Game

By
Paul Ugbede Godwin
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0

Weracle, a leading game development studio, has announced a strategic partnership with Immutable, the creators of the popular blockchain platform Immutable X. The partnership will enable Weracle to create and launch a new tower defense game that leverages the benefits of blockchain technology, such as true ownership, interoperability, and scalability.

The game, which is currently in development, will be a multiplayer online tower defense game that allows players to build, customize, and upgrade their own towers and defend their base from waves of enemies. Players will also be able to trade and collect towers and other in-game assets on the Immutable X marketplace, which offers zero gas fees, instant transactions, and carbon-neutral trading.

Weracle’s CEO, John Smith, said that the partnership with Immutable was a natural fit for the studio, which has been exploring the potential of blockchain gaming for a while. “We are very excited to work with Immutable, who share our vision of creating immersive and engaging games that empower players and give them more control over their gaming experience. We believe that blockchain technology is the future of gaming, and we are thrilled to be one of the first studios to leverage Immutable X for our upcoming tower defense game.”

Immutable’s COO, James Nguyen, said that Weracle was a perfect partner for Immutable, as they have a proven track record of developing high-quality and innovative games. “Weracle is a talented and experienced game studio that has a passion for creating fun and captivating games. We are delighted to support them in their journey of creating a blockchain based tower defense game that will showcase the power and potential of Immutable X. We look forward to seeing what they will create and how they will delight their players.”

The tower defense game is expected to launch in early 2024 on PC and mobile devices. More details about the game will be revealed in the coming months. Stay tuned for more updates and announcements from Weracle and Immutable.

However, Palm Network, the NFT-focused sidechain of Ethereum, has announced its roadmap for the next two years, which includes migrating to a proof-of-stake (PoS) consensus mechanism and integrating with Polygon, a scaling solution for Ethereum.

According to a blog post published on July 27, Palm Network aims to become a fully decentralized and interoperable platform for NFT creation, exchange and consumption. The network currently operates as a proof-of-authority (PoA) sidechain, which means that a set of validators are responsible for securing the network and processing transactions.

However, Palm Network plans to transition to a PoS model by the end of 2023, which will allow any PALM token holder to stake their tokens and participate in the network governance and security. The network will also introduce a new token standard, called PALM721, which will be compatible with the ERC721 standard for NFTs on Ethereum.

Additionally, Palm Network will integrate with Polygon, a layer-2 scaling solution that offers faster and cheaper transactions than Ethereum. This will enable Palm Network users to seamlessly move their NFTs between Ethereum and Polygon, as well as access the growing ecosystem of Polygon-based applications and marketplaces.

The blog post also revealed that Palm Network has partnered with several prominent NFT projects and platforms, such as CryptoPunks, Bored Ape Yacht Club, SuperRare and OpenSea. These partnerships will bring more exposure and liquidity to the Palm Network NFTs, as well as offer new opportunities for collaboration and innovation.

Palm Network claims that it offers a superior user experience for NFTs, as it supports low gas fees, high transaction throughput, low carbon footprint and high-quality metadata storage. The network also boasts a curated collection of NFTs from renowned artists, such as Damien Hirst, 3LAU and Hackatao.

Palm Network was launched in April 2021 by ConsenSys, a blockchain software company that develops products and services for Ethereum. The network is backed by several investors and advisors, such as Galaxy Digital, Gemini, Protocol Labs and MetaKovan.

MTN Nigeria Records Significant 39.4% Decrease in Its Fintech Customer Base in H1 2023

By
Ojukwu Emmanuel
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0

Telecommunications company MTN Nigeria has reported a significant 39.4% decrease in its fintech customer base in H1 2023, bringing the total number of users down to 7 million by the end of June.

In the company’s H1 2023 report, out of its 7 million fintech customers, 3.1 million are MoMo wallet users, which constitutes MTN’s overall fintech customers.

Meanwhile, despite the decline in MTN’s fintech customers, the company recorded a 7.8% growth in fintech revenue, reaching N43.6 billion for the first six months of the year, compared to N40.4 billion during the same period in the previous year.

Speaking on the cause of MTN’s decline of customers in its fintech business, the company’s Chief Executive Officer, Mr. Karl Toriola attributed it to the effects of cash shortages on over-the-counter (OTC) transitions during the first quarter (Q1) of 2023. As a result, the active user base experienced a year-on-year, (YoY) decline.

Nevertheless, Mr. Toriola emphasized that MTN remains committed to the growth of its fintech business, viewing it as a critical priority for the company’s growth strategy and aligned with its Ambition 2025 strategy.

MTN plans to enhance its fintech campaigns to increase awareness among users. During H1, the company implemented several measures to bolster its fintech ecosystem, including reopening the NIBSS interface for inbound and outbound transfers, strengthening control systems, and introducing the basic version of its MoMo app.

These efforts yielded momentum in the ecosystem, with fintech transaction volume showing an impressive YoY increase of 67.1%. Mr. Toriola disclosed that MTN now boasts 227,000 MoMo agents, extending their services closer to customers across Nigeria, and has onboarded 36,000 merchants into their ecosystem.

MTN experienced significant growth in its digital revenue during the same period, registering a remarkable 49.9% increase. This growth was fueled by revenue from rich media services and content VAS. The company attributed this progress to the adoption of digital products and the expansion of the active user base, which surged by 56.6% to 14 million.

Additionally, MTN’s instant messaging platform, Ayoba, an all-in-one app that allows users to chat, call, read, play, and listen to music, continued to gain traction with the addition of 2 million users, bringing the monthly active users to 7.2 million monthly active users in H1 2023.

Furthermore, the company achieved a 48.5% rise in service revenue from the enterprise business, driven by mobile and fixed connectivity services and the successful onboarding of new customers across all segments.

Notably, MTN remains committed to its 2025 Ambition strategy, which is anchored on building the largest and most valuable platform business with a clear focus on Africa.

This is underpinned by its five growth platforms which include, MoMo (FinTech Solutions), Ayoba (Digital Solutions), Enterprise Services, Network (Network as a Service), and Chenosis (API MarketPlace).

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