Tega Wisdom Abikure is a firm believer in teamwork. As the founder and Ceo of KureCoin, it is imperative that he surrounds himself with a team that is motivated towards solving the payment problems of Africa. During an interview with CryptoTvPlus, Tega Abikure explains his journey in the cryptosphere and how his project aims to create a window into a new financial economy.
Problems such as access to capital have plagued businesses and individuals in Africa for a long time. However, Tega and his team are focusing on utilising the blockchain to create a system of zero collateral loans using crypto assets. Prior to launching The KureCoinHub platform, Tega Abikure explained that he ventured into the cryptosphere in 2015 “through an enterprising and investment group” he belonged to.
In his words, Tega Abikure considers the blockchain as “that technology just like the internet that will take our way of conducting business processes to another level. Africa will no longer be seen as a dark continent but like another part of the world where business/transaction will be carried out effortless and seamless…I call it the freedom tool for Africa.” This will explain why his company is focused on revolutionizing payments in Africa through KureCoin.
Tega Abikure explained that his product KureCoin is focused on “solving Africa’s payment and settlement problems using Blockchain technology breakthrough.” He also aims to create a massive window into the new economy by providing financial services to the new economy, since our current financial service providers are yet to do so.This is why Kurecoin, a decentralized cryptocurrency built with proof of stake (PoS) algorithm is offering a seamless and secure mode of transactions for investors within the KureCoinHUB ecosystem.
Beyond building a project to solve financial issues in Africa in particular and the world at large, Tega Abikure has some milestones he aims to achieve in the coming years. He lists his milestones thus; “I aim to build our own Blockchain for African project, business and government. And being an Apex financial service provider to the crypto economy and beyond.” The motion to achieving these milestones has been set by the KureCoin team as the KureCoinHub Ecosystem comprises the Kurecoin Hub Cryptocurrency Bank Project, which aims to give secure and global transactions through the KurePay card. KureCoin Hub aims to utilise KureCoin to tokenize the business world through its platform.
As the CEO and founder of KureCoin, Tega Abikure describe the challenges he has identified in the cryptosphere. He listed “social challenges, slow adoption and lack of massive education” as the problems facing the cryptosphere. He and his team aims to improve adoption by “showcasing how cryptocurrency and Blockchain technology will aid businesses and individuals.” He also aims to improve adoption, he explained his methods saying; “We have partners with several tech hubs to educate people on Blockchain, use cases and adoption. Our project is a live example of how local businesses can accept payment and settlement without the hassle of dealing with payment.”
With the aim of solving Africa’s financial difficulties facing Africa, KureCoin encompasses three aspects, an E-wallet to allow a finding of accounts through debit and credit cards, local bank accounts and crypto wallets. It also includes a payment gateway that will enable SMEs to receive payments via cryptocurrency wallets and Kure Card which will allow users to access all of the platform’s product on a global scale. KureCoin was able to complete its ICO between May and June last year. The company was able to achieve this through a team of great minds.
To describe his team, Tega Abikure says, “Our team comprises of the best minds in the world. A team of excellent people, dedicated and unreservedly passionate about the success of this project and have owned the vision of the project so much so that working with everyone has been awesome..it’s amazing!” Gathering a team of like minds to help build a company can be a difficult task but Tega Abikure explains his strategy saying “We looked out for people that their willingness to learn outweighed their competence.” Asides having a great team, great leadership also matters and he explains how he is able to keep his team on their toes. To him, the strategy involves reviewing previous projects so the team can see how far they have gotten which will, in turn, motivate them to do more. He say, “You can only inspire by becoming, as a result of what you’ve become – your team will be motivated and then inspired. Inspiration comes from doing the talk. I always try to do my talk.”
When Tega Abikure is not working on his project, he doubles as a financial advisor and a business mentor and coach. He has some great experience with working with Africa financial situation as he had worked with Finedge consult providing funds for local companies in Africa through foreign venture capitalists. He is a Co-founder of the HOYB project (heart of your business) a project dedicated towards empowering and mentoring young entrepreneurs.
What do you think about Tega Abikure’s financial plan for Africa? Share your opinion with us in the comment section below.
Image credit: Cryptotvplus
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Short BNB and Get Rekt; CZ Shills the Binance Coin
Binance Adds More Assets on its Margin Trading Platform
CEO of Binance CZ had in a tweet shilled the exchange native coin, the BNB. In the post on, the CEO announced the availability of the BNB on its margin trading platform. However, he warned that shorting the BNB will result in loss of fund. Something he said by using the popular misspelled word in crypto REKT.
— CZ Binance (@cz_binance) July 18, 2019
CZ was was responding to the announcement made by the Exchange on its’ margin trading platform. In the announcement, Binance informed Fellow Binancians that it had added some new assets on the platform.
New asset added are EOS and LINK and Newly Borrowable Assets added are the BNB, EOS and LINK. However that is not all as Binance also added Margin Pairs which are: EOS/USDT, EOS/BTC, LINK/USDT, LINK/BTC
Binance who is a leader in retail crypto trading was founded just over 2 years ago and has reached great heights with its various product offerings. In July 11 2019, Binance announced the launch of its Margin Trading platorm which is available to all eligible Binance.com users.
The Binance Margin trading platform allows traders to borrow funds to increase leverage, providing higher profit potential than traditional crypto trading. However, with much profit potentials comes greater risks considering the volatility in the cryptocurrency market.
The Binance Coin is currently trading at $28+ enjoying over 9% gains since it went down to $25 in response to the total market losses which could be attributed to the US Hearing on the Libra.
Trump Expresses his opinion on Crypto, Libra; Binance to burn $2.4 billion worth of BNB
Trump via a tweet has posted hours ago expressed his opinion on cryptocurrency clearly defferentiating Bitcoin and other Cryptocurrency as well as on Libra the Facebook Global Cryptocurrency which it unveiled in June 2019 and to commence operations in January 2020.
According to Trump, he is not a Fan of Bitcoin and other cryptocurrencies which he describe as not money and highly volatile and basede on thin air. He went further to say unregulated Crypto Assets can facilitate unlawful behavior, including, drug trade and other illegal activities.
….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
On Libra, the 45th President of the free world openly said Libra will have little standing and Facebook and other firms want to be come a bank they should and must seek a banking charter and be subject to all banking regulations both nationally and internationally.
As a true President and the first man in the country, he declared the US Dollars as the only currency in the USA and that it is stronger than ever, dependable and by far the most dominant currency worldwide.
As usual, the crypto enthusiast on Twitter had their own opinion to comment on the post by POTUS.
Bitcoin is a threat to Trump and his massively failing enterprises. How would he be able to launder money as he's done to keep his flailing businesses afloat ? His golf clubs are in need of immediate cash etc. This man was the only person to bankrupt a casino
— failingtrump (@failingtrump1) July 12, 2019
In another news, top exchange Binance has announced after burning their quarterly alloted BNB tokens that they will burn their Team allocated Binance Coin BNB which is a total of 80BNB currently worth $2.4 billion.
During one of the first IEOs on the Exchange, investors were unable to participate thus a public outcry with Binance coming to the rescue by instituting a Lottery system which saw users holding a certain number of BNB before being able to participate in IEOs on the exchange. This cause a rise in the value of the BNB.
This move by Binance amongst others will see Binance Coin hitting astronomical height in the next few months to years. We can’t wait to see what the chats will say in few five years time.
Poloniex now allows Users from Over 60+ Countries to Buy Cryptocurrency with Debit/Credit Cards and Withdraw to Bank Accounts
In a tweet, the US based cryptocurrency exchange Poloniex announced that Users of the cryptocurrency exchange can now purchase bitcoin using their debit and credit cards. The exchange also supports deposits withdrawals of cryptocurrency into local bank accounts in over 80 countries.
New ways to buy crypto assets on Poloniex! Customers in 80+ countries can deposit or withdraw $USDC directly from their bank account. Customers in 60+ countries can now buy $BTC using their debit or credit card: https://t.co/WIhdScej5W
— Poloniex Exchange (@Poloniex) July 9, 2019
Purchasing cryptocurrency has been a daunting task for a long time for many who desire to purchase cryptocurrency easily and withdrawal of same to their local currency for easy spending have been seeing difficulties however, other exchanges have tried making this easier by offering their users the ability to buy crypto with their cards. Poloniex enters this category of exchanges with this move.
According to Poloniex, customers of the exchange can withdraw the USDC stable coin into their bank accounts as well as send fiat into their Poloniex and have it automatically converted into tokenized USDC for trading.
In making the purchase of Bitcoin with their credit and debit cards, Poloniex has partnered with Payment Processor Simplex to allow the users of the exchange to quickly and easily get in on cryptocurrency at a moment’s notice. The disadvantage however is the charges which stands at a greater of 3.5% or $10 transaction fee which Simplex charges. This will affect those in developing countries whose currency is very much low in value compared to the dollar or users with lower financial capabilities. Buying more bitcoin would be better.
The exchange pegs deposits at a weekly limit of $50,000 and withdrawals at $25,000 however, it signified this can be increased for specific customer’s need as typical with exchanges in this Fiat-to-Crypto category.
Poloniex launched in January 2014 is based in the US and it offers cryptocurrency exchange services, margin trading, lending according to its’ website. It allows users to exchange cryptocurrency against five trading pairs such as BTC, USDC, ETH, XMR and USDT. The exchange was acquired by Circle for $400 million in February 2018. Currently at an average of $55 million daily trading volume and ranked 59 in coinmarketcap.
The move to allow easy purchase of crypto and withdrawal of same to local bank accounts will definitely cause a boost in its trading activities.
Binance Updates Deposit and Withdrawal Policy for BTC and ETH Block Confirmation Time
Binance in a blog post on its blog announced the reduction of block confirmation time for the deposit and withdrawal of the two largest cryptocurrencies by market capitalization Bitcoin and Ethereum. This reduction enables users of the exchange to deposit and withdraw Bitcoin and Ethereum twice as fast as it was prior to this new policy update.
According to the blog post, deposits for Bitcoin BTC is now reduced from 2 block confirmation to 1 block confirmation while withdrawals stands at 2 block confirmations. For Ethereum the second largest blockchain network by market capitalization and the first smart contract platform with its native coin the ETHER denoted by ETH, deposits and withdrawals can now be processed on 12 block confirmations. This is a 60% reduction. As all ERC-20 tokens are based on the Ethereum blockchain, this changes also affects them.
Binance is one of the largest cryptocurrency exchange led by its marverick CEO popularly known as CZ. The exchange few months ago was victim of a cyber attack where it lost about $40 million dollars in Bitcoin however, the CEO was quick to point out that the user’s funds were covered in the #SAFU provision made by the exchange in case of such situations. A first of its kind product from an exchange. As a leader in the cryptocurrency exchange business, Binance has continues to offer innovative products recently being the innovation of Initial Exchange Offering which is a modification of the Initial Coin Offering.
A move which saw other exchanges copying and replicating albeit with some not having as great a result as Binance. The exchange is still into Charity, helping lives and transforming homes. Though it has been hit by cyber attack, reaction to its policy of using Tickets in its IEO (a measure to ensure everyone gets involved after a call out over a previous IEO few people could only participate), a move which saw people saying the exchange supports only those with big pockets, the exchange has continued to grow with its native token the BNB seeing incredible growth over the bear season till now as it now stands at $33.
Providing clarification on the block confirmation update, Binance said it was “to provide a better service for our users, Binance has made the following adjustments to the number of blocks confirmation required for user deposits & withdrawals”.
In conclusion of the blog post, the exchange informed they will continue to listen to the community’s feedback and improve their service offerings.
We can only assume better quality and innovative products are on the way as the exchange celebrating its 2nd annniversary has been binding the word of blockchain and finance since inception.
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