A billionaire technology entrepreneur and CEO of Japanese conglomerate SoftBank Masayoshi Son says bitcoin is hard to understand, saying the most valuable digital asset is “distracting his own focus on his own business”. Son stated this at the New York Times DealBook conference, where he confessed spending about five minutes each day watching Bitcoin prices fluctuate, Business … Read more
Ex-American rapper Sir Robert Bryson Hall II popularly known Logic has bought six million US dollars in bitcoin, becoming the latest star to dive into the world of the most valuable asset. In a video posted on his Instagram verified account @NoJumper, Sir Robert Bryson Hall II, born January 22, 1990, bragged that he bought six million … Read more
Google will be integrating Plex into Google Pay in a new move to deepen financial technology and simplify payment right on the tech giant’s payment app like never before. Plex is a mobile-first bank which the Vice President of Google Payments Caesar Sengupta said was created by one of the most trusted financial institutions. If you like, call … Read more
One of the world biggest cryptocurrency exchange firms Gemini has chosen ClearBank to provide banking services for its customers in the United Kingdom. The latest partnership with ClearBank means the exchange company will be consolidating on its access to U.K. payment rails, such as Faster Payments and the Clearing House Automated Payment System (CHAPS). In a statement … Read more
One of the largest cryptocurrency exchange Binance has sued Forbes for a misleading article leading to “millions of dollars” in losses. Filing the lawsuit in the state of New Jersey against Forbes Media and two of its journalists, Michael del Castillo and Jason Brett, Binance claimed that “Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To … Read more
PayString may soon become Ripple’s new payment service considering the newest trademark application filed by the San Francisco-based blockchain firm. The report revealed that Ripple registered PayString as a trademark at with the U.S. Patent and Trademark Office (USPTO) late last week. The name is classified in the U.S. under the general categories “Advertising and … Read more
Some Nigerians who abandoned their crypto portfolio are back on trading following the latest surge in the price of bitcoin. It isn’t just Nigeria, the trend started when BTC surpassed $10K a few months ago, some Indians are doing the same. In crypto forum, telegram group which was created by one of Nigeria-based crypto platform, … Read more
With BitPay Send, you can now make payment globally without having to buy, own or manage cryptocurrency. BitPay Chief Executive Officer Stephen Pair described the idea as a “big attraction for businesses” around the World. He said BitPay Send was birthed to remove the cumbersome associated with the traditional international payment methods which could take … Read more
Ripple is now worth $10 billion, making it the fourth-largest financial technology (FinTech) firm in the world. Out of the 66 FinTech firms that were assessed, the San Francisco-based Ripple was among the top five, coming behind Stripe, Shanghai-based Lufax, and India-based Paytm One97. In the rating, Stripe is valued at $36 billion, Lufax is worth $39.4 … Read more
Nigeria’s foreign exchange reserves have fallen to $35.63 billion, should investors be worried? The latest from the Central Bank of Nigeria (CBN) has shown Nigeria’s FX has declined, indicating the lowest level since August 2020. Nigeria’s reserves have not been impressive since the outbreak of COVID-19 pandemic. In October 28, it declined to $35.69bn from $35.74bn … Read more
PayPal announcement today that its U.S residents can buy cryptocurrencies directly within the payment platform sends a big signal to the crypto world about the acceleration of adoption of the digital coin. The latest announcement gives PayPal customers who are US-based to buy, hold and sell only four cryptocurrencies at the moment, the firm says … Read more
WhatsApp payment is finally here, making it possible to send and receive money on the messaging app with ease. This is going to be a huge win for online business owners. Some time ago, Mark Zuckerberg announced a plan to incorporate Unified Payments Interface (UPI) on WhatsApp in order to facilitate money transfer. You can … Read more
On November 10, 2020, the Governor of Lagos State, Babajide Sanwo-Olu, announced his intention to abolish the payment of jumbo pensions to former governors and deputies of the state. Bola Tinubu, Babatunde Fashola, Akinwumi Ambode, and the incumbent Sanwo-Olu would be affected by the plan if the Payment of Pension Law 2007 in Lagos is … Read more
Six Nigerians have been sentenced by an Abu Dhabi Federal Court of Appeal, United Arab Emirates (UAE) for funding Boko Haram in Nigeria They were found guilty of funding an Islamic terror group, whose activities have killed thousands of Nigerians and displaced millions of others in the North-Eastern states. In another revelation, UAE cabinet in … Read more
Whenever the West Africa Examination Council (WAEC) releases the results of May/June West African Senior School Certificate Examination (WASSCE), the most important figure that gets students worried is withheld results. Background The examination body released the results of the 2022 West African Senior School Certificate Examination on August 9, 2022, saying that 365,564 results of candidates … Read more