Lagos hosted a community of Dash users on the 1st of March, 2019. The conference, which took place at the CIBN Learning Centre, Yaba, was graced by notable personalities like Franklin Peters, CEO of BitFxt; Michael Ogunseye, CEO of Dash Cart; Tega Abikure, CEO of KurePay; Munachi Ogueke, Chief Business Officer of YellowCard amongst others.
As portrayed by the theme of the conference — “Promoting the Adoption and Use of Dash in Nigeria”, the conference was a one-day event aimed at addressing the adoption of Dash as a cryptocurrency in Nigeria. The contributions by key speakers at the event proved that Dash, beyond all doubt, is massively being adopted in Nigeria.
Nathaniel Luz, Lead, Dash Nigeria Business Dev, kick-started the round of presentations with an eye-opener speech. He delved into very important details about the blockchain technology and cryptocurrencies — it’s borderless transactions, financial privacy and more.
He talked about Bitcoin, and why Bitcoin may not be a solution to the massive adoption of cryptocurrency all over the world. With these, he introduced Dash, explored the details of Dash, and talked about its adoption which he tagged “Oya Over to Adoption 1,2,3…”
Nathaniel was pleased to inform the audience about the integration of Dash into many online Nigerian platforms. It is a big move towards adoption.
Here’s a list of some giant steps that Dash has made in its quest for massive adoption in Nigeria, so far.
Integration of Dash into the Kurepay Wallet
Buying airtime, data on any network just got better. With the latest adoption and integration of Dash into the Kurepay Application, you can now recharge your phone, and/or renew your data with Dash. Moreover, you can also renew your DSTV subscription packages with Dash. Thanks to Kurepay.
Kurepay also facilitates remittances across Africa.
Esusu is a platform aimed at improving financial inclusion in Nigeria by digitizing thrift contribution. With a vision to become the leading Digital Microfinance in Africa, the platform has also adopted the use of Dash, for deposits and withdrawals.
With outlets in various locations in Lagos, Yellowcard is a firm that allows you to purchase cryptocurrency vouchers. Want to buy Dash? Find your way to any Yellowcard outlet closer to you and exchange your cash for some Dash.
Gigalayer is an online Web hosting services provider as well as a domain provider. They have strong roots in many African countries like Nigeria, Uganda, South Africa, Kenya, and so on. GigaLayer integrated Dash as a means of payment on their platform. This means that you can now get all the web services you desire using Dash.
Dash has proven itself beyond any level of doubt that it is here to redefine the way we perceive cryptocurrencies. Infact, Bitfxt (an exchange for swapping cryptocurrencies with other cryptocurrencies or Fiat) will be listing Dash against NANO, Bitcoin and BXT soonest.
What are you waiting for! It is high time you got a Dash wallet and a reasonable amount of Dash. In 2010, a person sold 10,000 bitcoins, approximately $41, for just 2 boxes of Pizza. Do you know how much a Bitcoin costs today?
If that can be the testimony of Bitcoin, how much more Dash, which has a better sustainability plan, awesome features (InstantSend, PrivateSend, low transaction fees, decentralized voting), and scalability. All these make Dash a better choice compared to Bitcoin and some other cryptocurrencies.
Little wonder Dash is gaining so much recognition within a short period of time. “How do I get Dash?” You ask
How to Get Dash
- Download the “Dash Wallet”
- Purchase Dash via any of the options listed above and move Dash into your wallet so you can be in control of your own money
You Can’t Regulate Crypto, You are doomed to fail, John McAfee tells the US Government
In a self made video posted on his personal twitter account, the creator of McAfee antivirus John McAfee has opened up on his opinion on government intervention in cryptocurrency and blockchain industry.
The doomed attempt to regulate crypto, and why it is doomed. pic.twitter.com/wd7hfiH4Ch
— John McAfee (@officialmcafee) July 12, 2019
In the Video, the strong and vocal crypto supporter made it known to the whole world that government intervention to regulate cryptocurrency is doomed to fail. He stressed that cryptocurrency is a private thing and that it is unwise for government to attempt to regulate it.
While comparing the government’s history of regulating drugs to cryptocurrency, he said that regulations are designed to protect consumers and to make criminal activities more difficult. Regulations are to protect people from scams, schemes, coin artist and other bad actors. Giving an example, he pointed to the numerous fake twitter accounts impersonating him asking gullible people to send one BTC or half a BTC to an address and have five BTC sent back. And people do fall for these.
According to John, “anybody that stupid, you can’t protect them”. Eventually, we would need regulations to protect people from themselves. Continuing, he argued that you can’t stop anyone from doing something to themselves in private. It is impossible, he concluded.
Coming back to Drugs and Regulations, the Cuban based crypto advocate said that the US has the greatest legislation and largest force to prevent drug uses and sale, but the country still remains one of the largest drug market on the planet in spite of all the government has done. The latest drug bust of a JP Morgan Container could testify to this.
Reiterating, he said, “you can’t stop what someone does with their mind, body and money in private”. Therefore as we are doing everything in crypto in our privacy, with our devices, then the government can’t regulate crypto. Taking a swipe at the Politicians, he said “they do not understand it”
Concluding, he begged the politicians to “wake up”.
John McAfee is currently in Cuba where he desires to run for the President of the United States in the forth coming elections. He has reported via twitter also of the government plans to apprehend him however, he has remained an open advocate for what cryptocurrency and blockchain mean to personal freedom. He aims to use the Presidential platform to tell the Americans and the world about Cryptocurrency and what it can do for every society.
With many voices including the US President and famous economist Nouriel Roubini coming to voice their issues with cryptocurrency, McAfee remains on
Mark Cuban Bashes Facebook’s Libra, Labels It As A Big Mistake
Mark Cuban in a recent interview bashed Facebook’s cryptocurrency – the Libra. In the interview with CNBC, the billionaire investor called Libra a big mistake. Mark Cuban is a billionaire entrepreneur, a “Shark Tank” investor, and the owner of the Dallas Mavericks basketball team.
In the interview which took place today 12th July, 2019, the billionaire owner of Dallas Maverick Mark expresses his opinion on the Facebook stablecoin, that, he is not a big fan of what Facebook is doing. He then stresses that it is a big mistake and could be dangerous.
In his own words, he says:
“I’m not a big fan of what they’re doing there. I think it’s a big mistake.”
Cuban explains in plain terms that he is not more concerned with the impact Facebook’s Libra will have on the US economy. He is rather more concerned with the impact of Libra on the global scale. While speaking to Deirdre Boston, he says;
“I think globally and in countries where there isn’t a lot of rule of law, or a lot of government stability, or currency stability, then it could be dangerous.”
Making emphasis on Africa, he said:
“There’s going to be some despot in some African country that gets really upset that they can’t control their currency anymore and that’s where the real problems start occurring,”
Mark joins a growing list of high profile individuals such as but not limited to: the Federal Reserve Chairman, Jerome Powell, the French Finance Minister, Bruno Le Maire, the Bank of England Governor, Mark Carney, who come out to express their contrary opinion about the global financial infrastructure Facebook is about to launch. 45th President of the United States, President Donald Trump also in a tweet expressed his opinion on the Libra.
Donald Trump’s recent tweet against bitcoin and other cryptocurrencies has stir the crypto community. Trump specifically outlines Bitcoin and Facebook Libra. In his tweet against Libra, he writes:
….Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National…
— Donald J. Trump (@realDonaldTrump) July 12, 2019
As Facebook is set to meet the US Congress, the fate of the Facebook Globalcoin project remains hanging on the balance. It is after the Congressional hearings, onlookers would know whether Libra will launch or not and if it will, what compromise Facebook will make to see the launch of its step into cryptocurrency. With various nations expressing their stand such as India on the Libra, time will tell if Facebook will need Liberation.
Addis Ababa to host the Africa Fintech Summit
On November 21, leading innovators, investors, and policy makers from around the world will gather in Addis Ababa, Ethiopia, for the 4th edition of the Africa Fintech Summit (AFTS).
With participants who represent over $4.5bn in private equity and venture capital funding, the AFTS is the premier global initiative dedicated to financial technology in Africa. The bi-annual summit occurs each April in Washington, D.C., and each November in a different African city. The AFTS Advisory Board unanimously chose Addis Ababa as the 2019 host city in recognition of its rapidly growing economy, extensive infrastructure investments across the last two decades, and ambitious reform agenda that includes partial privatization of the national telecom monopoly and
ongoing liberalization of the financial sector.
“I am thrilled that this great event is coming to Addis Ababa,” said the Honorable Getahun
Mekuria (Dr.-Ing) Minister of Innovation and Technology, Ethiopia.
“And there is no better time than Nov 2019 for this Summit to come to Addis, to show to our policy makers the great economic impacts fintechs are bringing to other economies and to prove that our current sweeping digital reforms are absolutely correct.”
H.E. Fitsum Arega, Ethiopian Ambassador to the US, added:
“I am very much pleased to welcome Africa Fintech Summit delegates to the continent 's political capital and a nexus of global events, Addis Ababa. Ethiopia's commitment to Pan-African economic growth and integration is evident from its founding membership of OAU/AU, its offer of visa-on-arrival to all African travelers, its ratification of the African Continental Free Trade Agreement (AfCFTA) last April, and by its flag-carrier Ethiopian Airlines, which connects 61 African cities to more than 120 destinations worldwide. Ethiopia is well positioned to welcome global travelers for the Africa Fintech Summit.”
“In addition, the country’s renewed focus on digitizing the broader economy and driving greater financial inclusion through innovation, there is no better time to host the Fintech Summit in Ethiopia,” the Ambassador added.
The AFTS is organized by Dedalus Global, an investment and communications advisory focusing on emerging markets and emerging technologies, and by Ibex Frontier, an investment consultancy and route-to-Ethiopian-market advisory.
“We are extremely proud to bring AFTS to Ethiopia, the 2nd most populous nation in Africa that is at the inflicting point of digitalization, as e-commerce and financial inclusion are of prime focus both by the Government and the tech sector. We look forward to welcoming global investors and Fintech eco-system players with warm Ethiopian hospitality,” said Zekarias Amsalu, Founder & MD of Ibex Frontier.
This past April, the AFTS in Washington, D.C. hosted 200 entrepreneurs, bank executives, policy makers, and corporate influencers from over 20 countries. Past AFTS speakers include Jim Ovia, Founder and Chairman of Zenith Bank; Clinton Townsend, Director, Global Fintech at Visa; Olugbenga Agboola, Co-Founder and CEO of Flutterwave; Tayo Oviosu, Founder and CEO of Paga; Andi Dervishi, Chief Investment Officer at IFC; and Worku Gachou, Managing Director for Africa, OPIC.
The AFTS Addis Ababa will focus on the future of banking, mobile money growth and integration, policy and regulation, blockchain, digital identity, remittances, and financial inclusion. Strategic partners for the Summit include the Corporate Council on Africa, the US State Department, the US-Nigeria Council, the Congo Business Network, and PeaceTech Lab.
Figure 1 Zekarias Amsalu, Founder and Managing Director of IBEX Frontier LLC, and Leland Rice, CEO of Dedalus Global LLC, signing an MoU to jointly organize and execute the Africa Fintech Summit in Addis Ababa on November 21, 2019.
A limited number of delegate passes for the AFTS Addis Ababa are now on sale. To learn more or to register, visit http://africafintechsummit.com/.
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I Am NOT A FAN OF BITCOIN AND OTHER CRYPTOCURRENCIES, SAYS DONALD TRUMP
The 45th president of the United States, Donald Trump, has taken to his twitter handle to announce his opposition against bitcoin and other cryptocurrencies. His tweet made today, 12 July at about 1:15 am, reads “I am not a fan of bitcoin and other cryptocurrencies.”
For him, bitcoin and other cryptocurrencies are not money and they are highly volatile. He also states that the assets can facilitate unlawful behaviour. The tweet reads thus:
“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….”
Olivier Jansses, a very early bitcoin adopter, entrepreneur and investor tweeted back to the president inquiring whether dollar is not based on thin air.
“So the dollar isn’t based on thin air? The gold standard is long gone and inflation is a huge hidden taxation. At least Bitcoin and Ethereum won’t be inflated & are decentral. Also, I bet you a million dollars that the dollar is used much more for illegal activity. Care to wager?” Jansses tweets.
Trump goes further to stress that Facebook’s Libra is not of the exception stating that if Facebook and other companies want to become banks, they have to seek a new Banking Charter.
“….Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National…”
He reinstates the USD currency as the only real currency in the USA and the most dominant in the world.
” …and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!” He says.
Expectedly, Trump’s tweets stirred up the crypto community. A lot of cryptoprenuers and enthusiasts streamed into the tweets to air their opinions. Among them include key figures such as: Josse Powell, and Justin Sun.
The co-founder and CEO of Krakef FX, Josse Powell, replies him thus: “Mr. President, one could say the same of unregulated fiat currencies, like the privately operated US dollar. The advantage of cryptocurrencies is that they are predictable and transparent. Regulated or not, useful tools can be used for good and evil. Don’t let the US fall behind.” He goes on to say that; “If you study crypto, you will find much to agree with. Crypto is about personal responsibility and choice. It is about free markets and competition. It is about mathematical, verifiable, perfectly enforceable regulation. Crypto is to commerce what Twitter is to speech: democracy.”
Justin Sun, the CEO of Tron and BitTorrent replies to him saying; “Mr. President, you are misled by fake news. #Bitcoin & #Blockchain happens to be the best chance for US! I’d love to invite you to have lunch with crypto leaders along with @WarrenBuffett on July 25. I guarantee you after this lunch, nobody will know crypto more than you!”
For quite a long time, the crypto community has been expecting a say from Donald Trump as the president of the United States. And now, he has just fired the long awaiting shot. As it stands, the president’s tweets are buzzing with comments and retweets, mostly against his open opposition of cryptocurrencies.
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