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Fintech Company NALA Expands Into Kenya to Transform Cross-Border Money Transfers

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NALA, a global fintech company focused on simplifying cross-border payments, especially for Africans living abroad, has expanded its services into Kenya to make it easier and cheaper to send money back home.

With the fintech’s entry into the East African country, it has already formed strategic partnerships with PesaLink, and Equity Bank Limited to transform cross-border money transfers.

This collaboration combines PesaLink’s instant payment infrastructure, NALA’s global fintech platform, and Equity Bank’s extensive network to deliver seamless, affordable, and transparent international transfers.

For individuals, this partnership ensures that funds sent from abroad arrive instantly into bank accounts or mobile wallets. This speed and efficiency make it easier for families to plan their finances and meet everyday needs without delays.

Businesses and payroll providers also benefit from reliable payment rails for salary disbursements and supplier transactions. By reducing delays that often disrupt operations, companies can manage cash flow more effectively and strengthen their relationships with employees and partners.

This alliance marks a significant step toward boosting financial inclusion and supporting Kenya’s growing digital economy.

NALA’s expansion into Kenya is timely as the country in 2024, received a total of USD 4.95 billion (approximately KSh 640.8 billion) in diaspora remittances for the full year. This marked an 18% increase from USD 4.19 billion (KSh 542.4 billion) in 2023, with December 2024 recording a monthly high of USD 445.4 million. By June 2025, cash wired into the country by Kenyans in the diaspora had risen to $2.519 billion, up from $2.4 billion in the same period last year.

Notably, the expansion into Kenya comes after the fintech last month, launched its money transfer services in Bangladesh. The expansion marked the company’s first step into the South Asian market and reflects its broader mission to simplify international payments for diaspora communities.

Founded in 2018 by Benjamin Fernandes, NALA started as a mobile money app in Tanzania and has since grown into an international money transfer platform. The company is on a mission to reduce the cost and complexity of remittances, making payments faster, more transparent, and affordable.

NALA’s platform enables users in the UK, US, and 20 European countries to send money to African countries (e.g., Kenya, Nigeria, Uganda, Tanzania, and Rwanda. The app is mobile-first, offering low-cost, transparent, and fast transfers, even in areas with weak internet connectivity, using bank-grade security and multilayer authentication.

The platform’s B2B offering, Rafiki (Swahili for “friend”), is a cross-border payment infrastructure for businesses, enabling global trade with Africa by integrating with local banks and mobile money providers like M-Pesa in Kenya. This allows direct payments, such as utility bills, enhancing control for diaspora users.

Key Features of NALA Include:

1. Low-Cost International Transfers: NALA offers some of the lowest fees for sending money to Africa compared to traditional remittance services.

2. Instant Transfers: Money can be sent directly to bank accounts, mobile wallets (like M-Pesa), or other payout partners, often arriving instantly.

3. Global Reach: Currently, NALA supports payments from Europe, the UK, and the US to multiple African countries, including Kenya, Uganda, Tanzania, Ghana, Nigeria, and more.

4. Multi-Currency Payments: Users can send money in different currencies with real-time exchange rate transparency.

5. B2B Payments: NALA also provides infrastructure for businesses and payroll providers, helping companies pay suppliers or employees across borders reliably.

NALA has raised significant capital, including a $40 million Series A round in April 2024, one of the largest for an African cross-border payments company.

Backed by top investors, including Amplo, Bessemer Venture Partners, and DFS Lab, NALA is scaling rapidly to compete with giants like Western Union and WorldRemit.

By reducing costs and improving reliability, NALA empowers African migrants and businesses, aligning with the continent’s growing population and economic potential (projected 2.5 billion people by 2050).

The company is on a mission to make it easier and cheaper to move money into Africa, driving financial inclusion and improving the remittance experience for millions.

Gold Hits Record High as Bitcoin Struggles to Break Out Amid Fed Rate Cut Speculation

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Gold has surged to an all-time high, leaving Bitcoin trailing behind as investors grapple with shifting market dynamics.

In September 2025, gold extended its winning streak for the fourth consecutive week, soaring to $3,659 per ounce, while Bitcoin (BTC) remained stuck in consolidation near the $112,000 mark.

The growing divergence between the two assets has sparked intense debate among investors, with some suggesting that capital flows are shifting toward traditional safe-haven assets like gold and away from cryptocurrencies.

Gold’s Surge Raises Hope for Bitcoin

Gold’s rapid ascent has historically been seen as a leading indicator for Bitcoin’s performance. Bitcoin analyst Joe Consorti noted on X that gold tends to lead BTC by around 100 days, thanks to its 10x greater liquidity and broader distribution.

Some analysts, however, apply a slightly shorter 90-day lag, but the consensus remains that Bitcoin usually follows gold within roughly three months.

Meanwhile, economist Peter Schiff pointed out that when measured against gold, Bitcoin is currently about 16% below its November 2021 peak, highlighting a broader trend where investors are favoring precious metals over crypto assets.

While gold continues to rally, Bitcoin is struggling to gain momentum, hovering around $112,600. This contrast underscores a shifting narrative that investors are increasingly cautious, directing short-term capital into assets with lower volatility and strong macroeconomic support, such as gold.

Macro Forces Driving Gold’s Bullish Run

Gold’s bullish momentum is underpinned by central bank purchases, inflation hedging strategies, and geopolitical tensions, all of which reinforce its role as a safe-haven asset.

Analysts suggest that even if gold pulls back toward the $3,450–$3,500 range, it may simply represent a healthy consolidation phase before another leg higher.

Bitcoin’s performance, by contrast, has been far weaker. While BTC recently bounced from $110,800 support, it now faces stiff resistance at $114,800, where the 50-day EMA continues to cap upward moves.

The volume profile suggests limited buying pressure, and with the RSI hovering near neutral territory, BTC remains vulnerable to retracements especially if gold’s strength persists. 

Meanwhile, despite the broader struggles, Bitcoin briefly climbed to $113,279 on Tuesday, marking a new local high as Wall Street opened. This move built on a higher weekend low, reinforcing the $110,000 level as strong support.

Crypto analyst Michaël van de Poppe commented on X, hinting at the potential for BTC bulls to launch a more sustained attack on overhead resistance. However, sustained momentum will depend on macroeconomic conditions particularly the Federal Reserve’s next move.

Both Bitcoin and Ethereum are holding steady as optimism grows around potential U.S. interest rate cuts.

Investors are increasingly pricing in Federal Reserve easing this month, with expectations ranging from a 25 to 50 basis point cut. This has sparked liquidity-driven bets across risk assets, though traders remain cautious ahead of the Fed’s September decision.

Ethereum and Altcoins Show Stability

Ethereum (ETH) is trading around $4,300, supported by strong institutional demand and ongoing ecosystem development. ETH has been consolidating in a tight range, with resistance at $4,450 and support near $4,200, as traders await a macro catalyst to trigger a breakout.

Meanwhile, altcoins like XRP, Solana, and Dogecoin have outperformed BTC and ETH in percentage terms, reflecting higher beta behavior tied to rate-cut speculation. However, their moves remain range-bound, suggesting that investors have not fully embraced a risk-on stance.

Looking Ahead

The coming weeks will be crucial for both Gold and Bitcoin. Gold appears poised to continue climbing to new highs if macroeconomic conditions remain favorable. Bitcoin, however, must decisively break above $116,000 to signal a meaningful trend reversal.

As September progresses, all eyes will be on the Federal Reserve’s rate decision, which could trigger heightened volatility across both crypto and traditional markets.

Red Sea’s Role As A Chokepoint For 17 Major Cables Makes It A Persistent Risk Zone

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Undersea cable cuts in the Red Sea, reported on September 7, 2025, disrupted internet connectivity across parts of Asia and the Middle East, affecting countries like India, Pakistan, Saudi Arabia, Kuwait, and the UAE.

The outages impacted major subsea systems, including the South East Asia–Middle East–Western Europe 4 (SMW4) and India-Middle East-Western Europe (IMEWE) cables near Jeddah, Saudi Arabia, as well as the FALCON GCX cable. Microsoft noted increased latency for its Azure cloud services in the region but rerouted traffic to minimize impact, with non-Middle East traffic unaffected. NetBlocks confirmed degraded connectivity, with UAE networks like Etisalat and Du experiencing slower speeds.

The cause of the cuts remains unclear, though speculation points to accidental damage from ship anchors or deliberate sabotage amid regional tensions.

Yemen’s Houthi rebels, linked to attacks on maritime traffic due to the Israel-Hamas conflict, were suspected, especially after Yemen’s government-in-exile alleged in early 2024 that the Houthis planned to target cables. The Houthis denied involvement, and their al-Masirah news channel acknowledged the cuts without claiming responsibility.

A similar incident in February 2024, potentially caused by a ship’s anchor dragging after a Houthi attack, affected cables like AAE-1, SEACOM, and EIG, disrupting 25% of Asia-Europe traffic. Undersea cables carry over 90% of Europe-Asia internet traffic through the Red Sea, a critical hub for global data.

Repairs are complex, often taking weeks due to the need for specialized vessels and permits, especially in conflict zones. While providers reroute traffic to maintain service, such disruptions highlight the vulnerability of global internet infrastructure.

The Red Sea is a critical corridor for over 90% of internet traffic between Europe and Asia, with cables like SMW4, IMEWE, and FALCON GCX handling massive data volumes. Cuts disrupt connectivity in regions like the Middle East, South Asia, and parts of Africa, causing slower internet speeds, increased latency, and potential service outages.

Businesses relying on cloud services (e.g., Microsoft Azure) face degraded performance, impacting sectors like finance, e-commerce, and remote work. For example, the September 2025 cuts caused noticeable latency in the UAE and Saudi Arabia.

Prolonged outages could disrupt global supply chains, financial transactions, and communication, especially in conflict-prone regions where alternative routes are limited.

Economic Impact

Affected countries (e.g., India, Pakistan, Saudi Arabia) may face economic losses due to slowed digital operations. For instance, India’s tech-heavy economy and the UAE’s role as a financial hub are particularly vulnerable.

Repair costs are significant, often reaching millions, with additional expenses for rerouting traffic and lost productivity. Suspected sabotage, potentially linked to groups like Yemen’s Houthi rebels amid the Israel-Hamas conflict, raises concerns about the security of critical infrastructure.

The Red Sea’s strategic location makes it a target for deliberate disruptions. Even accidental damage (e.g., from ship anchors) highlights vulnerabilities in global internet infrastructure, prompting calls for diversified cable routes and enhanced protection.

Repeated incidents, like those in 2024 and 2025, underscore the fragility of undersea cables in high-traffic, conflict-prone areas. This may push governments and companies to invest in alternative routes or satellite-based solutions, though these are costlier and less efficient for high-volume data.

Cable Repair Process

Operators use monitoring systems to detect signal loss or latency spikes, pinpointing the fault’s location via techniques like optical time-domain reflectometry (OTDR). Satellite and AIS (Automatic Identification System) data help identify nearby vessels or activities (e.g., fishing, anchoring) that may have caused the damage.

Specialized cable repair ships, equipped with remotely operated vehicles (ROVs) and grappling tools, are dispatched. These vessels are stationed globally but may take days to reach the Red Sea due to its remote location and geopolitical complexities.

Securing permits to operate in territorial waters, especially in conflict zones like Yemen, can delay the process. ROVs scan the seabed to locate the damaged section, often at depths of 1-2 km in the Red Sea. Grappling hooks drag the ocean floor to retrieve the cable, a delicate task to avoid further damage.

Precise navigation is critical, as cables are typically 17-20 mm thick (about the width of a garden hose) and buried in shallow waters. The damaged section is brought aboard the repair vessel, where technicians splice new cable segments to restore connectivity. This involves fusing optical fibers with precision to ensure minimal signal loss.

The repaired cable is tested for signal integrity before being redeployed to the seabed, often reburied in shallow areas to protect against future damage. Repairs typically take 2-8 weeks, depending on the damage’s extent, weather conditions, and regional security. In the Red Sea, ongoing conflicts (e.g., Houthi activities) may complicate access and extend timelines.

Harsh underwater environments, like strong currents or rocky seabeds, add technical difficulties. Spare cable must be carried onboard, and multiple cuts require repeated operations. Once repaired, traffic is rerouted back to the restored cable, and operators monitor performance to ensure stability.

Investigations into the cause (e.g., anchor damage, sabotage) may lead to enhanced security measures, such as rerouting cables or increasing surveillance in high-risk areas. Providers like Microsoft reroute traffic through unaffected cables (e.g., via the Pacific or terrestrial routes), but capacity constraints can still cause slowdowns.

Gold’s ATH At $3,652.76 Underscores Its Dominance As A Safe-Haven Asset

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Spot gold hit a new all-time high of $3,652.76 per troy ounce up 0.47% from the previous day, driven by expectations of a Federal Reserve rate cut, a weaker U.S. dollar, and heightened geopolitical tensions. The price has surged 9.27% over the past month and 45.03% year-over-year, reflecting strong safe-haven demand and central bank accumulation.

Gold’s rally, driven by macroeconomic factors like expectations of Federal Reserve rate cuts, a weaker U.S. dollar, and geopolitical tensions, reinforces its role as a traditional safe-haven asset. Investors often turn to gold during economic uncertainty, as seen with recent U.S. policy shifts and global trade concerns.

This surge could divert capital from cryptocurrencies, which some investors view as a speculative alternative to gold. Bitcoin, often dubbed “digital gold,” competes for similar safe-haven or store-of-value narratives. When gold outperforms, as it has with a 36% year-to-date gain compared to Bitcoin’s retreat from recent highs, it may siphon investment away from crypto.

Impact of Macroeconomic Drivers

Lower interest rates reduce the opportunity cost of holding non-yielding assets like gold and Bitcoin. The anticipation of a Fed rate cut (87.8% probability for September 2025) supports gold’s appeal but could also benefit crypto if investors view it as a hedge against currency devaluation.

However, gold’s stronger historical safe-haven status may overshadow crypto in the short term. A weaker dollar, a key driver of gold’s rally, typically boosts both gold and Bitcoin prices, as both are priced in USD. However, gold’s current momentum suggests investors are prioritizing it over crypto during this period of uncertainty.

Tensions from U.S. trade policies, tariffs, and Fed independence concerns (e.g., Trump’s criticism of Fed Chair Jerome Powell) drive gold demand. These factors could also support crypto as a decentralized alternative, but gold’s established track record may limit crypto’s immediate upside.

Gold’s rally, fueled by central bank purchases (projected at 900 tonnes in 2025) and ETF inflows ($44B year-to-date), signals strong institutional demand. In contrast, crypto markets, while maturing, remain more retail-driven and volatile. Investors may shift allocations from crypto to gold, especially if Bitcoin’s recent pullback from its highs persists.

However, some investors view gold and crypto as complementary assets. A 2024 study noted that 23% of high-net-worth investors hold both, suggesting that a gold rally could coexist with crypto exposure in diversified portfolios. Historically, gold and Bitcoin have shown periods of both positive and negative correlation.

When gold rallies due to safe-haven demand, Bitcoin may lag if investors perceive it as riskier. For instance, gold’s 34% gain in 2025 has outpaced Bitcoin’s performance, with Bitcoin retreating from its highs. However, a sustained gold rally above $3,500 could attract momentum traders to gold ETFs (e.g., GLD, GLDM), potentially reducing speculative capital available for crypto markets.

How the Gold Rally Affects Crypto

Gold’s strong performance may lead investors to rotate capital away from cryptocurrencies, particularly Bitcoin, which has slipped from its recent highs. This is evident as gold hit $3,508.50 on September 2, 2025, while Bitcoin lost steam. Crypto’s higher volatility makes it less appealing during risk-off periods when gold thrives.

Investors seeking stability may favor gold, potentially capping Bitcoin’s near-term upside. If the Fed cuts rates, as anticipated, the lower opportunity cost of holding non-yielding assets could eventually lift Bitcoin alongside gold. A weaker dollar and persistent inflation concerns may also drive interest in crypto as a hedge against fiat devaluation.

The growing acceptance of crypto as a complementary asset to gold could sustain demand. Investors holding both assets may increase crypto exposure if macroeconomic conditions (e.g., prolonged low rates or dollar weakness) persist.

Unlike gold, Bitcoin is influenced by additional factors like regulatory developments, institutional adoption (e.g., spot Bitcoin ETFs), and technological advancements. While gold’s rally may draw attention, positive crypto-specific catalysts (e.g., ETF inflows or regulatory clarity) could counteract this.

For instance, estimates suggest $30B in demand for spot Bitcoin ETFs, which could buoy prices independently of gold’s performance. However, Bitcoin’s volatility (though declining) contrasts with gold’s stability, potentially limiting its appeal during gold’s surge.

As the primary “store-of-value” crypto, Bitcoin is most directly affected by gold’s rally due to their competing narratives. A sustained gold rally could delay Bitcoin’s recovery unless crypto-specific catalysts emerge.

Altcoins, being more speculative, may face greater downward pressure as investors prioritize safer assets like gold. However, altcoins tied to specific use cases may be less affected. Stablecoins, pegged to fiat, are largely insulated from gold’s rally but could see increased use if investors seek to park capital amid market uncertainty.

Bitcoin and other cryptos may face headwinds as investors favor gold’s stability, particularly as gold has outperformed with a 36% year-to-date gain. However, shared macroeconomic drivers like anticipated rate cuts and dollar weakness could eventually support crypto, especially if Bitcoin-specific catalysts like ETF inflows gain traction.

Quantum Threats and Crypto Security: How El?Salvador Is Protecting Its BTC Reserves

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El?Salvador’s officials believe a future quantum hack could put the country’s crypto assets at risk. In late August?2025, the country that held roughly 6,274?BTC – about?$686?million considering the current price of Bitcoin – decided to split it up. Fourteen fresh addresses were made, each never to hold more than 500?BTC.

Officials think that spreading the coins should make a single hack less effective. The Salvadoran government promised a public dashboard where anyone could monitor the balances and any transfers in real time.

 Why are quantum computers a worry for Bitcoin?

Bitcoin uses a signature scheme based on ECDSA or Schnorr (secp256k1 curve). Quantum machines can run Shor’s algorithm and break the signatures that keep the coins safe.

When a holder initiates a transaction, their public key is exposed on-chain. If a quantum computer is powerful enough — which can happen sooner than we think — it could use that public key to “extract” the private key.

From there, the coins could be hijacked before the network confirms the transaction — known as a “race theft”. But at the moment, only the UTXOs that already have their public key exposed could be at risk.

Some studies say 25?% of all Bitcoins could be vulnerable, while others say as much as 50?%. A safe guess is probably around 30?%. A crypto heatmap performance overlay would make it easier to visualize which coins or UTXOs appear most exposed in practice. That means not every coin is in danger, even though this is already a huge amount of money. That justifies the Salvadoran government’s decision to fragment its Bitcoin portfolio.

Such a decision has its pluses and its downsides. The main advantage of this strategy is that no single address holds a huge sum, so an isolated hack would have a minimal impact.

Still, this trick does not seem to solve the anticipated quantum issue. When the coins finally move, the public key will appear on the chain, opening the door for quantum hacks to powerful machines.

The split?up approach then looks like a sensible short-term fix, but cannot, on its own, constitute a real defense against quantum cryptanalysis. That point leads to the need for a definitive solution, like quantum?resistant encryption.

What might El?Salvador or other nations do?

Bitcoin’s community seems to push a move toward post?quantum signatures — solutions like Dilithium, Falcon, SPHINCS+ — via a planned soft-fork in the future.

Therefore, the country could:

  • Continue to apply good address hygiene (no reuse, careful fragmentation).
  • Implement a proactive migration to post-quantum signature schemes before UTXOs (Unspent Transaction Output) become active.
  • Reduce exposure windows via strategies like batching and payment channels, to limit the time a public key remains visible.

El?Salvador’s plan to split its Bitcoin assets into many small addresses seems judicious from an operational point of view. But this remains a temporary measure, considering how fast the computing industries move. Projections indicate significant advances in quantum computers in the next 5 to 10 years.

Once El Salvador and other crypto holders manage to safeguard their assets by spreading them across several wallets, the real challenge will be to migrate to a quantum-resistant Bitcoin, via post-quantum signatures and a controlled soft-fork.