Bitcoin -The title of this blog post was inspired by an article I came across on Global Trade Review (GTR). Elizabeth Rossiello, founder and CEO of BitPesa, tells how the idea of forming the company was born. BitPesa is solving a number of business problems using digital currency, especially those involving foreign currency issues. So how does Bitcoin really work?
FinTech– Though ‘Africa and Asia have become hotbeds of payment innovation’, European FinTech entrepreneurs too have a chance to succeed despite the challenges of limited opportunities. How can companies thrive?
Money laundering and the financing of terrorism– An interesting article on the International Monetary Fund (IMF), highlights the importance of fighting corrupt officials, tax fraud, and most importantly those who engage in financing terrorism. How? Although this includes working with various governments across the globe and working with correspondent banking services, governments too, need to “increasingly harness the power of financial technology. While fintech can be misused—including through the anonymity of virtual currencies—it can also be a powerful tool to strengthen our defenses against terrorist financing.” (Read on)
Mobile Money an innovative solution for “cross-border money remittance service”- Quartz Africa highlights examples about how mobile money is playing a huge role in business transactions, and why the Telekom Industries have no choice but to “capitalize on innovation and the scalable nature of mobile money” (Read on)