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Eafricalab and ACI Worldwide Drive Payments Modernisation Across Africa

ACI Worldwide, the provider of real-time electronic payment and banking solutions, has announced that Eafricalab will utilise its UP Retail Payments solution for Postillion to better serve consumers across 25 African countries. Eafricalab is a African processor, providing payments processing for customers across the banking, retail, microfinance, telecoms and local government sectors. ACI’s payments platform will empower Eafricalab to modernise its payments offering, fostering further innovation and financial inclusion across the continent. Eafricalab will utilise ACI’s UP Retail Payments solution for Postillion which provides seamless configuration and scripting, allowing the processor  to quickly launch new value-added payments services for its clients, including card management, gift cards and prepaid solutions. In addition, Postilion will enable the company to process modern electronic payments, such as non-card withdrawals, retailer transactions and new alternative payment methods. “We are excited to adopt ACI’s proven payments technology, which will allow us to offer new payments capabilities as well as stronger services to our clients,” said Simplice Anoh, CEO, Eafricalab. “Together with ACI, we are committed to leading the digital payments revolution across Africa.” “This new partnership reaffirms our commitment of enabling rapid innovation for the African market with cutting-edge payment solutions,” said Manish Patel, vice president, Middle East, Africa and South Asia, ACI Worldwide. “ACI’s UP Retail Payments solution for Postillion enables new, digital payments to be offered in any marketplace, ensuring that processors, acquirers, payment card networks and banks are able to participate in the new payments ecosystem.” The post Eafricalab and ACI Worldwide Drive Payments Modernisation Across Africa appeared first on The Fintech Times.
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E-commerce Firm PATRICIA Plans to Introduce the First Stable Coin in Africa

Cryptocurrencies are essential forms of investment in the world today. They also have a distinct feature to that of fiat currencies. Even at this, stable coins haven’t had a good percentage of trading when it comes to cryptocurrencies in Africa, but now PATRICIA Technologies, a leading conglomerate in crypto-exchange in Africa is planning to fill […]
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South Africa Proudly Leads The World In Crypto Adoption

A recent Hootsuite study revealed that South Africa ranks first in the world for the highest percentage of internet users who own cryptocurrencies. The social media management firm conducted the global survey in partnership with London-based WeAreSocial.  According to the report, 10.7 percent of internet users in South Africa own cryptos. This was the highest ratio globally, with Thailand and Indonesia following suit at 9.7 and 9.3 percent respectively. South Africa ranked above some of the renowned crypto powerhouses including Switzerland at 7 percent, South Korea at 6.3 percent, the U.S at 5.3 percent and Japan at 4.3 percent.  The country’s ratio was also twice the global average – which stood at 5.5 percent, the report further revealed. The survey results may come as a shock to many who thought cryptos were the preserve of more ‘developed’ nations. And yet, for those who have been involved in the South African crypto market, this was just a confirmation of what they already knew.  In a recent chat with Eugene Madondo, I learned that the South African crypto market has been expanding rapidly, even during the crypto winter. Madondo is the digital marketing strategist at Coindirect, a Cape Town, South Africa-based crypto exchange. Coindirect is one of the more well-established exchanges in the country, offering both a mainstream crypto trading platform and a peer-to-peer trading solution. It also has operations in other African and European countries, with Kenya, Ghana and Nigeria being the other main markets. According to its website, it offers its services in 132 countries globally, encompassing the six continents. Bitcoin’s South African Dominance In South Africa, just like in most other nations, bitcoin reigns supreme. The currency’s dominance globally stands at 51 percent, but in South Africa, it’s even higher than that. “So bitcoin is dominant, yes but there is a lot of interest in altcoins in South Africa and we fill the gap for an easy way to trade altcoins without using international exchanges” said Madondo. One of those altcoins is XRP, a crypto loved and loathed in equal measure, according to Madondo. The crypto has been gaining a cult-like following in the past year.   Yet another trend that Coindirect has observed is a rising interest in stablecoins. “They garner a lot of interest as well. You will often find many debates on our social media platforms whenever we publish anything about USDT or stablecoins.” Just last month, one stablecoin project invested in Coindirect. MakerDAO, of which Ethereum founder Vitalik Buterin is a big fan, participated in the €1 million funding round for the project. Blockchain.com and Concentric were the other investors. Madondo revealed that as part of the deal, the two firms will partner more in future projects. Coindirect will also be adding Maker’s DAI stablecoin to its platform.  Mirroring Global Trends The crypto industry in South Africa may have idiosyncrasies, but in some fundamental ways it mirrors global trends. It’s different in that interest in cryptos has been steadily increasing even during the bear markets. This is different from Western and European countries in which interest has dipped significantly. However, there are some trends that it replicates from the global market. The first is the use of bitcoin as a speculative asset rather than a currency, Madondo suggested. This came as a surprise, given the widespread narrative that cryptos in Africa are looked at for transactions. But Coindirect observes users selling their cryptos when the prices go up slightly, buying when the prices dip. This suggests that they are leveraging the crypto volatility to make money. Even as a speculative asset, bitcoin is giving a much-needed solution in the country. South Africa is one of the continent’s biggest economies, only second to Nigeria. Unfortunately, it also has the highest income inequality in the world according to a World Bank 2018 report. The country gained independence from a heavily racist regime two and a half decades ago. However, the damage that apartheid had on the country is far from corrected. A very small minority of elites controls the vast majority of resources.  This makes it crucial for the country’s majority, which lives in poverty, to find an alternative financial system that doesn’t oppress the many for the gain of the few. The Role of Regulation The country has been making strides in crypto regulation. Initially, as with almost every other African nation, the government stayed out. But as the people’s interest grew, the government had to step in. However, the regulations are far from comprehensive, with the country’s central bank working with various stakeholders to formulate and implement favorable regulations. Stephen Young, Coindirect’s chief procurement officer said that the exchange is in full support of regulations. In an interview in January, he stated: “Coindirect welcomes the recent amendments to the Financial Action Task Force (FATF) Recommendations. Having clear regulation that helps protect consumers while allowing the development and growth of this nascent industry is a positive step that will help speed adoption and foster responsible innovation.” Support for regulations in the crypto market has come from many other stakeholders in the crypto industry. Luno’s general manager for Africa, Marius Leitz also recently reiterated Luno’s support for regulations. Luno is a major player in the African crypto scene, offering both wallet and exchange functionalities. Leitz stated in a press release: “We are very much in favor of regulation and we are actively working with a number of central banks and financial regulators, including the SA Reserve Bank, to drive regulation for cryptocurrency. Regulation will provide consumers or potential consumers with the comfort that the service they are dealing with is held to defined regulatory standards. Imposing regulations will, in turn, enhance general trust in and stability of the market.” According to Madondo, regulation in the country has not had much of an impact yet. A majority of the traders invest in bitcoin without the slightest knowledge of what the law requires of them. However, it puts people’s mind at ease knowing that the government is pro-bitcoin and that it doesn’t intend on banning the asset class – as some other African nations have done.   The author is not invested in any digital asset mentioned in this article.  Join the conversation on Telegram and Twitter! The post South Africa Proudly Leads The World In Crypto Adoption appeared first on Crypto Briefing.
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BTC Mining In China, XRP In South Africa, Mt Gox Finalization, OKEx + TRON & Paradise Hunting

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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform https://www.altcoinbuzz.io/crypto-news/spotlight/bosscrypto-crypto-investment-and-education-platform/ Boss Crypto https://bosscrypto.co/buzz Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency https://coingape.com/yahoo-rakuten-progress-cryptocurrency/ Rakuten Wallet Launch Announced for March 30, 2019 https://www.ccn.com/rakuten-wallet-launch-announced-for-march-30-2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March https://cryptoupdate.ca/heres-why-crypto-maximine-coin-mxm-jumped-754-5-in-march/ https://www.coingecko.com/en/coins/maximine https://maximine.io/ eToro adds Tron TRX to its Platform with More than 10 Million Users https://www.altcoinbuzz.io/crypto-news/product-release/etoro-adds-tron-trx-to-its-platform-with-more-than-10-million-users/ https://twitter.com/Altcoinbuzzio/status/1110447607250210817 -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼https://t.co/A8E21UuBz2 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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