In our Crypto Africa Roundup, YouHash take a look at some recent developments on the fast-growing crypto continent.
Centbee Launches BCH Payment App in South Africa
With an ever increasing interest in Africa for Bitcoin Cash, SA fintech startup Centbee have launched the beta version of their Bitcoin Cash (BCH) cash wallet.
The wallet allows users to send and receive BCH at a fraction of the cost of traditional methods, and a particularly useful feature allows one to select payment recipients directly from the contact list on their phone
Coinfirm, Africa Blockchain and KAD ICT Hub take aim at fraudsters with AMLT Anti-Fraud System
On the continent that arguably stands to gain the most from cryptocurrencies, it is frustrating that the rapid growth in digital currencies has been accompanied by a concomitant increase in sophisticated scams. Fraudsters continue to take advantage of inexperienced individuals, such as the BTC Global scam in South Africa earlier this year where up to 28,000 people lost a combined $80-million.
In order to mitigate the risks going forward, Coinfirm along with KAD ICT Hub are implementing their AMLT Network into the Africa Blockchain Lab, and aims to create a safer cryptocurrency economy by training members to be vigilant and report suspicious activities such as ransomware, phishing, cryptojacking, and other online scams. Members who do are rewarded with AMLT tokens that can be used to purchase discounted AML risk reports and other Coinfirm solutions.
Everest and 1000 Alternatives Join Forces to Spur Blockchain Innovation in Nigeria, Rwanda, and Kenya
Everest, a biometry based and value transfer company along with 100 Alternatives, a social impact development business, announced a partnership to accelerate blockchain and economic development in Nigeria, Rwanda, and Kenya.
The partnership provides for the use of 1000 Alternatives’ incubators in each country to train entrepreneurs to build distributed application (DApps) on top of the Everest platform.
Development of the DApps promises to have multiple positive spin-offs including job creation, reduce costs of conducting business, and improved economic access to potentially millions of people currently without access to connective technologies.
UAE Based Menachain Building Cryptocurrency for North Africa and Middle East Regions
Menachain Solutions, a UAE startup is developing a blockchain based payment platform and cryptocurrency which they intend using to target the largely unbanked regions of the Middle East and North Africa (MENA).
With a total population of about 440-million people (representing about 5.7% of the world population), and with 5 out of 6 people considered to be unbanked, Menachain Solutions sees an opportunity to not only provide a simple, compliant and decentralised payment solution, but one that is also fully compliant in terms of Islamic Finance.
Princess H.H. Hanadi Ahmed of the Kingdom of Saudi Arabia is a board member of Menachain. The business has a target of 10-million users in 2019 and already more than 50 merchants have been signed up.
Getting to Know Africa’s Blockchain Movers and Shakers: Vinny Lingham
Vinny Lingham is probably the best know South African in the world of blockchain and digital currencies. A sharp entrepreneur and founder and CEO of Civic.com, he is also a ‘shark’ in the SA version of Shark Tank.
In addition, Vinny Lingham founded Gyft, a mobile gift card app as well as Yola.com, a site that allows users without programming knowledge and experience to develop websites. As a celebrity African entrepreneur, Vinny Lingham was selected as an Endeavor “High Impact Entrepreneur in 2006”, Top Young Entrepreneur in Africa, 2006, and ICT Personality of the Year in 2008.
Clicks2Customers, a company he founded in 2006, also won the Top Technology Award in SA in 2006.
Interested parties can contact the organisers at [email protected] or www.cryptoafricaexpo.com
