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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Enhancing Protection, Bittrex Secures $300m Digital Asset Insurance
Cryptocurrency exchange Bittrex, Inc announced it had secured a $300 million digital asset insurance.
The insurance obtained secures named crypto assets in its cold storage system.
The blockchain technology and cryptocurrency exchange firm said it worked closely with the world’s leading insurance broker and risk adviser, Marsh, in placing the coverage with Arch Syndicate 2012, an organization which provides casualty and specialty insurance for corporations and supported by various syndicates at Lloyd’s of London.
The approval for insurance coverage according to Bittrex comes after successfully demonstrating its extensive internal security and compliance protocols.
The coverage is up to $300 million in assets in cases of external theft and internal collusion.
The underwriters were not disappointed upon learning of the ‘best-in-class‘ technology Bittrex has. And the fact that ‘a growing number of cryptocurrency exchanges around the world are also built on the Bittrex’ technology owing to the confidence in the platform, Bittrex claims.
Speaking on the insurance coverage, the CEO of Bittrex, Bill Shihara, was quoted saying “Bittrex focuses on doing the right thing by our customers with security at the top of our mind. This insurance coverage provides another layer of peace of mind,”.
He continued further saying “From our institutional customers to hobbyists, we are committed to prioritizing security throughout all of our decisions and forward looking blockchain technologies”
Co-leader of the global leader in insurance and risk management firm, Marsh’s Marsh’s Digital Asset Risk Transfer (DART) team also commented saying “Insurance plays a critical role in the growth and development of any business, including those that work with blockchain technology and digital assets,”
“We worked closely with Bittrex to create a tailored insurance solution to fit their specific cryptocurrency needs.
Waves.Exchange launches Secure Decentralized Staking offering up-to 30% Annual returns
Waves.Exchange has launched its decentralized staking allowing users to securely stake their tokens and earn passive income of up-to 30% annually.
The exchange rewards users with profits made based on the proportion of tokens staked on the platform.
According to Waves.Exchange, many crypto exchanges currently offering staking services but argued that only decentralized staking can guarantee users’ security and true control over their crypto assets.
In centralized exchanges, staked tokens become working capital for the exchanges since the tokens are transferred from the wallet of users to the exchange’s wallet thus losing control over the asset.
Waves.Exchange emphasized that its decentralized staking offers users control over their crypto assets yet allows earning. The service is unique because Waves platform uses the POS consensus algorithm and pays out rewards with the generation of every block.
“the exchange has no access to users’ funds: no one can block staked assets or interfere with users’ ability to collect passive income in any other way.”
It works by letting users to simply sign a special transaction that allows their WAVES to be used by a specific Waves node to generate new blocks. In return, users collect a percentage of the resulting block rewards.
Neutrino Dollar as an alternative
The exchange also offered alternatives, this comes in the package of the Waves decentralized stablecoin, the Neutrino Dollar. The Neutrino Dollar is described as 0″an algorithmic stablecoin pegged to the US dollar and underpinned by Waves’ PoS network.”
According to the exchange, all Neutrino coins are held in a smart contract and users can send their Waves to the smart contract and exchange them for the stablecoin at any time.
The transferred Waves are used by a Waves node as part of a generating balance with users getting daily payments earnings in the Neutrino Dollar.
The exchange boast of higher rates, security and control of funds than traditional financial tools. Quoting the exchange, it said “While daily earnings will fluctuate based on WAVES’ price dynamics — which, in turn, depend on a number of wider factors affecting the crypto markets — USDN staking can still bring annual returns of up to 30%.”
Naijacrypto Announce Support for XRP Days After Paystack Integration Allowing Buying of Crypto Easier
Nigerian cryptocurrency exchange Naijacrypto has added support for Ripple XRP on its platform. The announcement comes days after the exchange integration of paystack into the exchange.
Naijacrypto is one of the several Nigerian owned cryptocurrency exchanges offering locals the ability to easily buy and sell cryptocurrency.
Founded in March, 2019 and has grown offering unique services to users, as well as providing access to an OTC market for a wide selection of digital assets.
The Paystack integration allows customers to purchase cryptocurrency using their debit card thus eliminating the friction existing in buying and trading cryptocurrencies.
In a video, Chiagozie Iwu of Naijacrypto also mentioned certain changes already carried out in the exchange platform and several more to come.
According to the video update, changes such as in KYC has seen improvement and is more user-friendly.
Users are not mandated to submit identifying documents until the point of withdrawal. In security of the platform has also seen some improvement as users can now choose between available authentication methods.
According to Mr.Chiagozie Iwu, “This is to give you more security features or based on your preferences basically”
Buy Bitcoin Page & Naijacrypto Academy
Naijacrypto also talked about the creation of a page that will allow users to quickly buy bitcoin with few clicks thus simplify the whole process of getting bitcoin.
The update also the intention of the crypto exchange to launch the Naijacrypto Academy.
The Naijcrypto academy will serve as a platform for educating new users in crypto generally. According to the CEO, Chiagozie Iwu, more details will be coming out soon.
And in the coming days, New cryptocurrencies will be added to the platform and one of such being Bitcoin Cash.
Huobi Launches Brokerage Platform Targeted at Institutional Clients
Huobi Group, parent company of Huobi cryptocurrency exchange has launched a cryptocurrency brokerage platform, Huobi Brokerage. The brokerage platforms aims to attract institutional investors, especially those with great appetite for crypto products.
The announcement came at me World Economic Forum #WEF at Davos on Tuesday, 21st January, 2020. The platform named Huobi Brokerage is currently available in major jurisdictions where the exchange is currently present with exception to the People’s Republic of China.
Global Institutional Business (GIB)
The new service from Huobi is a part of Huobi’s Global Institution Business (GIB), an arm of Huobi with special interest to control its institutional-oriented businesses. It was established in November, 2019.
Huobi in a statement stating the function of the GIB said “The initiative, named Global Institutional Business (GIB), will see the creation of a team to offer and support services including contracts, exclusive benefits for VIP traders, and a dedicated fiat desks for institutional clients, as well as additional plans for custody services.”
According to Huobi, the firm since the third quarter of 2019 has seen an increase of up-to 400% growth in institutional clients with about 1,700 investors onboarded already.
With offices across a couple of continents, the Huobi GIB aims to be at a top priority for Huobi as it continues to grow globally.
According to Huobi Group vice president Ciara Sun, “2019 brought the first wave of institutional interest but 2020 is when we expect to see the industry mature with growing demand. As we enter the next phase of crypto, Huobi staking an active role in setting new standards for institutional and retail clients alike,”
The race for institutional clients continues to grow increasingly stronger as the industry grows in maturity. Coinbase is also expanding its custody business across the world.
However, as Huobi plans to initiate its custody business in the coming months, it hopes to through its venture aims to set new standards for institutional clients in the industry.
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