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Governments In Africa Will Welcome Blockchain Technology – Lucky Uwakwe

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Lucky Uwakwe - African Government will welcome blockchain technology
Lucky Uwakwe shares his views on African governments and Blockchain adoption with Cryptotvplus.

It is no news that a lot of enthusiasts in the blockchain space only show commitment to the projects they handle or the ones which give them maximum returns. It is not everyday you get to meet an enthusiast in the space who is quite passionate about getting the government on board this moving train.

Interestingly, in a recent article published by CryptoTVPlus, some African governments are already piqued by blockchain.

However, Lucky Uwakwe is positive that all African governments will finally come to terms with the versatility of the blockchain in the nearest future.

Here is an overview of the conversation we had with Lucky Uwakwe:

In your own words, what would you say blockchain is?

Blockchain is a persistent record of ownership transfer, that is publicly available for examination by all aspects of people. It is permission less to use and no trust is required toward any third party when using it. It is immutable.

In a few words tell us about your journey into the fast emerging Technology. When, how and through what means did you hear about Blockchain and Cryptocurrency? 

I learnt about bitcoin and blockchain from research in the CYPHERPUNK community,  during an online research in 2008, but I never fully grasp the importance until about 2010/2011 with bitcoin and the Mt gox exchange (magic the gathering of exchange)  after that I use to read Vitalik Buterin(ethereum founder)  Articles on bitcoin blockchain back then, when he was a writer on bitcoin

In what areas of blockchain are you most passionate?   

Education and Consulting with Service of smooth user friendly digital exchange.

What is your product all about? What challenges or problems have you identified? How will your innovation use the blockchain to solve these problems? 

CURRENTLY as I speak, we see that some countries in the world especially in Africa buy digital asset at a premium, and pay higher fee which is higher than some region. Another problem Fiat based crypto exchange is different and crypto- crypto exchange is also different.

We have built a solution to cover all that, making it easier for people to trade and convert over 200 crypto to crypto , or crypto to fiat,  all in one place. also transfer in the exchange is free, from OTC fiat section  to the crypto exchange of our exchange, we even do free deposit fee, and our withdrawal fee is lesser than what is currently available in many exchange in the world.

We have exactly combine liquidity of Huobi which is one of the top three crypto to crypto exchange in the world, but we have added easy fiat for African and have open African customers to the rest of the world. With our partnership with Huobi cloud, security is paramount. we are called SaBi, we provide users across the globe to either use our Crypto to crypto or fiat to crypto,  we have open a continent to the rest of the world, so customers in other continents can trade with other continents including Africa. All in one place.

What milestones do you hope to accomplish in the coming years in the Blockchain Industry?

To see that government Across Africa welcome blockchain technology and digital currency, and to ensure we have a strong community of women and house wives who are professional traders on SaBi making a living to support there family and the continent at large. So that they can become independent.

Our goal is to see that we return 30-60% profit made from SaBi exchange back to our active users and the community to support poor African community, lacking basics facilities like Schools,clean water, hospital and food. This we will do through SaBi exchange with our partnership from Huobi cloud

How is your Project contributing to creating blockchain awareness and in turn Mass Adoption?

My company has been at the fore front of positive awareness with the government and community across Africa and beyond, a simple google search of my name Lucky Uwakwe  will show quite a lot,  but as a company we continue to create a cooperate awareness with institution making our authority responsible for enacting laws that will shape the future of Blockchain in our continent.

Tell us about your project team? How did you come about the team? How do you  inspire them to give their best? 

I actually don’t inspire my team, my team inspire me. They are the best brain out there, why tell the best what to do? Rather they inspire me and we work towards a common goal. Currently my team have been one of the best to work with in one project,  my project team members are from or based in China, Canada, Singerpore, Japan , Nigeria and Taiwan.

Most of them have over 3-10years+ background in Tech, Finance and Wall Street and Blockchain space. My Nigerian based team all have experience in the Blockchain space,  I am a certified cryptocurrency specialist (C.C.S) and still current  MSc in Digital currency and Blockchain Technology at the University of Nicosia Cyprus.

My Co-founder Mr. Peter Huang is a Chinese with experience Tech and Engineering company, from Beijing China, my Designer Kayode Iyanu owns SirfiTech in Nigeria capital city and the entire team of Huobicloud in Asia are working with us, from Mr. David Chen a Canadian, Mr. Jack Lee in  Shenzhen china , Mrs. Margaret Tang,  all from Huobi cloud, we have a rich diverse team across the world and many more working behind the scene working to see SaBi meet every standard before we Lunch by February 2019.

Mr Lucky Uwakwe is the Co Founder of Cheetah Africa.

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I love working with Corporate Brands. Also I am a SEO Expert, Blockchain Speaker and Writer, Strategy Lead at SMMA, Freelance Content Creator, Editor, Business Developer and finally blogger at Cryptotvplus.

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Pornhub Add Tron-based USDT Tron as Payout Method.

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Leading website for pornographic contents Pornhub has added the Tron based USDT stablecoin to its platform. 

 

This addition is coming few months after PayPal abruptly stopped offering Pornhub its services thus restricting thousands of models all over the world from receiving payments.

Ever since then according to Pornhub, it has been hustling to start offering more options to make payments easier for its models. 

 

On January 23rd, Pornhub announced its addition of stablecoin Tether to its platform as a payout option. Educating those who may not be familiar with cryptocurrency and stablecoin, Pornhub explain saying ” For those of you who may not know, USDT is a crypto currency that follows the US dollar, meaning one USDT token is equal to one US dollar. USDT transactions can be done globally within a few seconds and there are no fees.”

 

Tweeting on the addition, Founder of Tron Justin Sun commenting said, “This is a brilliant way to support the victims of centralized payment platforms like PayPal.”

 

Partnership agreement TRON and USDT 

Early 2019, TRON which formerly was an ERC20 Token before migration to its mainnet and USDT partnered to issue a Tron based USDT stablecoin compliant to the TRC20 standard. According to TRON, the token will be interoperable in all TRON based products. 

 

Pornhub has thus leveraged this partnership to ensure its models receive payouts through the TronLink wallet as soon as possible. 

 

PayPal’s Abrupt Censorship 

In the last quarter of 2019, PayPal abruptly out a stop to its support for the leading global adult entertainment website Pornhub. The decision came as a shock to the organization since there was no communication prior to the termination of support and models were expectant of their payouts. 

 

This decision has put Pornhub on the toe to provide more options for its models to receive payouts. 

 

Verge XVG Partnership 

Tron based USDT isn’t the only cryptocurrency supported on Pornhub. In 2018, Pornhub partnered with XVG Verge to integrate the privacy focus cryptocurrency unto its Pornhub Add Tron-based USDT Tron as Payout Method.While the crypto community went agog with the news of adoption, models were not so enthusiastic because of the education level of using cryptocurrency. 

 

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Akon Finalizes Agreement to build Fully Functional Crypto City, Akon City

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Senegalese/American national and global musician & businessman Akon has finalized the agreement to build Akon City. A city fully powered by the cryptocurrency, the Akoin.

The announcement which was made via the singer’s his social media account contained few words but has been a building story for several months.

Akoin according to the cryptocurrency website is “a new cryptocurrency from visionary changemaker Akon and is the foundation of the AKoin Ecosystem – a unique global project that offers an abundance of digital and in-real-life platforms and experiences that create opportunity and inclusion”.

The website went on saying “Akoin will provide a much-needed platform for individuals to gain access to educational materials, tools and resources to make their entrepreneurial visions a reality. This, in turn, will foster a more sustainable environment that encourages a focus on entrepreneurship over charity.”

Akon City named after the himself according to the Rapper will be built on a 2,000 acres of land provided by the President of Senegal and it will be a fully functional crypto-based city with Akoin as the transactional currency.

The “Lonely” singer has stated himself that the City will a short drive from the country’s capital, Dakar. It’s also going to have an airport.

The singer believes that the initiative will bring power back to the people and also security to the currency system. It will also allow people to in various ways to advance themselves and not rely on government’s intervention.

On the technicalities involved in the project, Akon who noted he would want to run for the Presidency, stated that he only comes up with the concepts and knows nothing about the technical aspects but he lets the geeks figure it out.

The project according to the rappers and business man said, it will be a 10-year building block and though the project has started, stage two will commence from 2025.

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Italian Football Club Juventus Now Has Its own Crypto Token $JUV. 

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Italian football Club Juventus has partnered with sports focused blockchain firm Socios.com to launch a cryptocurrency token $JUV.

Socios.com is the world’s first blockchain-based fan voting and rewards platform. A tokenized voting platform that gives fans the power to crowd-manage their favorite sports teams.

The token which football fans can purchase via the Social’ App grants holders the right to vote on certain club decisions and earn rewards.

In sport focused token offering ‘Fan Token Offering FTO™, a significant number of the 20,000,000 total supply the JUV token is already available for sale to interested fans.

Giorgio Ricci, Chief Revenue Officer of Juventus speaking on the development said;

“We are proud to be the first Club to be activated by Socios.com on its platform, inaugurating a new way to interact with our fans around the world”.

The price of $JUV will fluctuate according to supply and demand once the marketplace feature is launched, and Fan Tokens can be traded by fans on exchanges.

Alexandre Dreyfus, the founder and CEO of Socios.com who also commented on the partnership between both organizations said;

99.9% of sports fans are not in the city/country of the team they are supporting. We created these fungible fans tokens to allow fans to have an influence over some fan-based initiatives”.

$JUV is currently priced at around €2 (~$2.2) apiece. A limited number of these tokens are also available for free via Socios app’s Augmented Reality feature, Token Hunt.

According to Socios.com, it also has other clubs that are ready to join its platform and six are already lined up for tokenization by Q1 2020.

These include Paris Saint-Germain (PSG) and Atlético de Madrid (tokens for which will be launched in late January); West Ham United, Galatasaray and A.S. Roma (in February) and esports provider OG (in March), per the announcement.

The Socios app is available to download for Android and iOS users can apply for a beta version of the app.

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Royal Bank of Canada is Exploring the Launch of a Cryptocurrency Trading Platform

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Royal Bank of Canada is exploring the Launch of a cryptocurrency trading platform for investments, in-store and online purchases according to a report.

The platform would facilitate the purchase and sale of cryptocurrencies such as Bitcoin and Ethereum and also facilitate the transfer of funds in different types of cryptocurrencies.

It was learned the Bank would also allow customers to open bank accounts containing cryptocurrency.

This move will position the Royal Bank of Canada as the first Canadian bank to launch a cryptocurrency exchange or offer its customers crypto accounts.

The Bank had previously applied for four patents in Canada and The US showing how it will integrate cryptocurrencies into its operations.

The patent read “To individual users, managing cryptographic keys and transacting with different cryptographic assets can be a challenge. In some situations, cryptographic asset transactions may take time to be confirmed, and/or may not be compatible or supported by merchant systems or point-of-sale devices,”

The spokesperson for the Bank, Jean Francois Thibaultwas quoted saying;

“As part of the innovation and discovery process, RBC, like many other organizations, files patent applications to ensure proprietary ideas and concepts are protected,”

The bank has been partly using blockchain for payments between Canada and the US since 2017. The CEO of the Bank, Dave McKay had earlier talked about asset tokenization. According to him, “We’re experimenting with taking an asset and breaking it into smaller pieces and registering that in a decentralized register called blockchain. You can take an asset or even a company and create a unit on a decentralized blockchain and then sell that into the marketplace.”

The Royal Bank of Canada isn’t the only Financial Institution that has applied for crypto-related patent. Goldman Sachs had earlier in July received a crypto settlement system. The Bank of America over the years has published several patents relating to crypto. Payment giants such as Visa and MasterCard also have been in the crypto-patent league

According to the report, the Bank didn’t answer the question on whether it would launch a cryptocurrency trading platform and when, if it plans to.

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