UK-based Babb Group recently launched its eponymous mobile money app, which offers money transfers as well as the option to store funds as “decentralized crypto, backed stable-coins, and regulated fiat money” and convert among these options. Babb’s Currency X is one such “stable coin,” which is
Tag: Cryptocurrency
MICROFINANCE EVENT: Finance Magnates Africa Summit; May 8-10, 2023; Johannesburg, South Africa
This event offers sessions including: (1) The Global Economy, African View: Facing Financial Distress; (2) Fintech in Africa: Opportunities in
MICROCAPITAL BRIEF: Reltime to Launch “Decentralized Banking Ecosystem” Allowing P2P Loans, Fee-free Transfers Across Eurasia, Latin America
Reltime, a Norway-based firm founded in 2018, recently told MicroCapital it will launch a “decentralized banking ecosystem” allowing anyone with a smartphone and internet access to engage in
MICROCAPITAL BRIEF: El Salvador Plans Cryptocurrency ATMs, Chivo App, Kiosks as Bitcoin Set to Become Legal Tender September 7
President Nayib Bukele of El Salvador recently announced that the country is setting up 200 automated teller machines (ATMs) and 50 staffed kiosks to facilitate exchanges of the cyrptocurrency bitcoin into US dollars for withdrawal as cash. All transactions will be conducted through the
MICROCAPITAL BRIEF: Chipper Cash Raises $100m in Equity to Expand Cryptocurrency, Peer-to-Peer Services, Distribution of Payment Cards in Africa, UK
Chipper Cash, a US-based financial technology (fintech) firm active in Africa, recently raised USD 100 million in a Series C round of funding that it plans to use to