IMF Says Nigerian CBDC Drawing Global Interest, Warns of Associated Risks

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The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank digital currency (CBDC) is attracting interest from many institutions globally, including central banks....

US mortgage lender dumps Bitcoin plans just two months after pilot

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The second-largest mortgage lender has scrapped its plan to accept payments in BTC citing regulatory uncertainty in the crypto space. United Wholesale Mortgage,...

Regulation Key to African Fintech Sector Growth — New Study

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According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to...

Nigerians Optimistic CBDC Will Improve Payments and Help Promote Cryptocurrencies

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Nigerians are hopeful the planned central bank digital currency (CBDC), also known as the e-naira, is going to enhance cross-border payments and make it “easier for the...

Kenyan Fintech Player: ‘Banking the Unbanked’ Is the Most Important Use Case for Digital...

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The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition. The restrictions on movement, as well as...

Chipper Cash Extends Peer-to-Peer Money Transfer Service to South Africa

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Chipper Cash, an African fintech start-up, has extended its peer-to-peer instant money service to South Africa. In addition to being able to use the remittance service, South...

Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet

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The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit...

PayPal to Launch Crypto Wallet in Q3 This Year, CEO Reveals

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Payment provider PayPal Holdings Inc. published its second-quarter financial report Wednesday. CEO of PayPal Dan Schulman said the company would launch a crypto wallet in the...

In October, Nigeria will begin testing digital currency.

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According to reports, the Central Bank of Nigeria (CBN) has scheduled October 1 as the start date for the trial phase of its digital currency project....

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