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Tega Abikure; Creating a Window to a New Financial Economy using KureCoin

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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.

Tega Abikure can be found on Linkedin, Twitter, Instagram and Facebook

 

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
Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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I am a blockchain and cryptocurrency journalist fascinated with sharing the knowledge of this wonderful technology in the simplest language possible.

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Kudi Exchange is Live in Beta Testing

What else makes Kudi Exchange special? It is the first and only exchange in West Africa to offer a U.S. Dollar backed stable coin through our co-marketing partnership with Gemini

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Kudi Exchange is Live in Beta Testing

Ferrum Network in a Medium Post announced that it’s first product — Kudi.Exchange — is now live in beta testing with over 400 users in the pilot and 2500 more signed up!

This is big news for Ferrum Network because we built and launched a world-class exchange and payments product on a seed budget.

But it is even bigger news for the people of West Africa who for the time first time can purchase a U.S. Dollar backed stable coin with fiat and send fiat currency peer-to-peer instantly with no third-party intermediaries. We are proud to introduce Kudi.Exchange — A Digital Currency Exchange + Peer-to-Peer Payments App with U.S. Dollar Stability.

It’s a Fiat Gateway, But Runs on the Ferrum Network

What is Kudi.Exchange? It is a fiat-to-crypto exchange + mobile payments app based in Nigeria that runs on top of our network. With Kudi, users can buy digital assets directly with fiat. It is the fastest, lowest cost and most advanced digital currency exchange in Nigeria.

Why Nigeria? Nigeria is a massive crypto market. It has the 7th highest BTC volumes in the world, 1st in Africa, highest Google searches in Africa for “bitcoin”, a population of 200 million with 50% under the age of 35, and an existing financial system that is ripe for disruption.

Competing exchanges that offer far less regularly achieve $5 million USD in monthly volumes. With such a large market with low incumbent competition, we look forward to offering this product to millions of customers.

Faster Speeds, Lower Costs

How do we achieve millisecond transactions at lower cost than our competitors? Simple — the backend of Kudi.Exchange is running on the Ferrum Network— a high-speed interoperability designed for low cost financial applications. This means users can buy/sell/send digital assets faster and for less network fees than other exchanges.

The Only Exchange In West Africa to Offer U.S. Dollar Stable Coin

What else makes Kudi.Exchange special? It is the first and only exchange in West Africa to offer a U.S. Dollar backed stable coin through our co-marketing partnership with Gemini

Like many emerging markets, the demand for U.S. Dollars in Nigeria is high, but physical dollars are difficult and costly to obtain. Now for the first time, Nigerians can access digital U.S. Dollars through an app. They can rest assured those assets are backed by a fully-regulated trust company, Gemini.

Our market tests indicate that demand for a U.S. Dollar stable coin is incredibly high, and we are proud to offer our customers easy access to this critical safe haven asset.

It’s Also An Instant Peer-to-Peer Payments App

Perhaps the most exciting aspect of Kudi has nothing to do with cryptocurrencies. Remember — the market for people who deal only in fiat is far larger than those interested in digital currencies.

Therefore, Kudi also functions as a peer-to-peer mobile payments app for instant fiat money transactions. Our customers can now send Naira to each other instantly with no banking intermediaries at a fraction of the cost of a traditional bank app.

How is this possible? The Kudi.Exchange mobile wallet also doubles as a payments app. Users simply deposit their Naira into the app, enter the address of the recipient, and “send”. Customers can also send money to non-customers through their phone number or What’s App number, and the recipient will be prompted to download the app to receive the money. Since this all runs on Ferrum Network tech, the Naira is transferred in milliseconds, and it never goes through a third-party.

Normal banking apps in Nigeria can take up to 24 hours to send money, and charge fees on everything from minuscule transactions to using cellular data! With Kudi, users can now send Naira instantly peer-to-peer at a fraction of the cost. We are now talking to merchants who are interested in using this app to replace costly point-of-sale system, and who want to incorporate a fast, cheap, mobile payment solution.

More Transactions = More Burned Tokens

What does all of this mean for token holders? Well for now the exchange is running on a limited private Mainnet. But when the full Mainnet goes live in a few months, users will be spending FRM tokens for every transaction. Remember: every transaction that runs on the Ferrum Network burns FRM tokens.

With thousands of Nigerians sending Naira to each other, and buying/selling digital currencies, this will have an immediate positive impact on the Ferrum Network ecosystem.

In other words, Ferrum Network will be the first project with users, daily transactions and network utility on day 1 of main net launch.

Designed to be Replicated in other Markets

Finally, the best part is that this solution is not limited to one country. The technology is designed to replicated. We can easily import this solution to other emerging markets, and partner with existing exchanges who want to incorporate a U.S. Dollar stable coin and instant peer-to-peer fiat payments. And since it all runs on the Ferrum Network, the more we expand, the more it benefits the ecosystem.

Thank You to Everyone Involved

We want to thank TLG Ventures for being the driving force behind Kudi.Exchange. We also want to thanks all of our pilot users who are making sure the product is as great as it can be — you know who you are. Finally, we want to thank the Ferrum Network community for sticking with us since the early days. We could not have done this without you.

Coming Up Next

Since Kudi is still in the pilot, we will be sending weekly traction updates on our progress. You’ll also get updates on specific aspects of Kudi, including our user acquisition strategy, and expansion into other countries and other services (e.g. merchant point of sale).

Of course all of this is leading up to a token sale (details to be released soon) so YOU can get involved in Ferrum Network!

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An Overview of SaBi Exchange

SaBi Exchange happens to be the most advanced centralized Cryptocurrency Exchange in Africa. Find out more in this review by cryptowisser.
#BUIDL

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An Overview of SaBi Exchange
An Overview of SaBi Exchange

There are currently over 15 cryptocurrency exchanges in Africa with about five centralized cryptocurrency exchanges in Nigeria. However, among these exchanges. SaBi Exchange happens to be the most advanced centralized Cryptocurrency Exchange. SaBi Exchange was launched 10 March 2019. It was founded by Lucky Uwakwe and Peter Huang. Lucky Uwakwe is a graduate of Nicosia University in Cyprus and has earned a Masters Degree in Cryptocurrency and Blockchain Technology. He is the current Ambassador of Dash Cryptocurrency to Africa, Founder of Cheetah Africa and a citizen of Nigeria.

SaBi Exchange is based in Abuja Nigeria.

Huobi Partnership

The exchange is powered by Huobi Cloud and has the same security and liquidity features as Huobi. SaBi Exchange has partnered with Huobi to deliver outstanding crypto trading services to the region. According to the review from cryptowisser. It has not been able to verify the details of the Huobi partnership with SaBi Exchange and as such investors are advised to read this partnership details with caution. SaBi Exchange allows cryptocurrency deposits and fiat deposits on its platform with limitations.

Deposits

US citizens aren’t allowed to deposit fiat currency into the platform while some listed countries are allowed to deposit fiat currency. The countries allowed to deposit fiat currency on SaBi includes China, South Korea , Canada, Russia, Britain, India, Australia, Switzerland, Brazil, Taiwan, NewZealand, Singapore, Vietnam, Nethaland, Hongkong, Nigeria, Indonesia, Philippine, Cambodia, Middle-east, Malaysia, Myanmar, Turkey. Fiat deposits through Wire Transfers and Card Deposits are allowed using Qiwi, Paytm, Paynow etc. However, Cryptocurrency deposits are allowed by users worldwide.

Trades And Fees

Aside from the normal trade features, SaBi offers four types of trades. They include OTC-trading, Margin, Exchange and Leveraged Trading. The OTC-trading feature of Huobi Exchange comes under the following currencies—USDT, BTC, ETH and EOS. SaBi Exchange offers 2x to 5x leverage. The leveraged trading features are available on 41 trading pairs out of the 240+ trading pairs available for regular exchange trade. It also offers 0.20% trading fees on both makers and takers which is slightly below the normal 0.25%  fee charged by other exchanges worldwide. It charges a withdrawal fee of 0.0005 BTC. The withdrawal exchange fee charge is approximately 40% lower than the global exchange fee charge.

SaBi Security

SaBi uses the Huobi security protocol “Huobi Cloud” to secure its platform against hack attempts. It equally shares the Huobi liquidity to ensure a liquid trading platform for its users. The exchange platform boosts of speed and faster transactions on trading of cryptocurrency on its platform. Fiat deposits are available through wire transfer and debit cards with a good security feature ensuring the safety of users account details in Nigeria. Fiat deposit can also come through Paynow, Paytm, Qiwi, IMPS, UPI or Interac e-transfer on the platform. SaBi has developers with over 6 years of experience working with Huobi and Huobi Cloud.

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PAXFUL IN THE NEWS FOR THE WRONG REASONS

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Paxful In The news for the Wrong Reasons

It is no news that Paxful stands as one of the renowned bitcoin trading platforms in the world. Interestingly, the company has built a global reputation in the few years of its existence having established one of its biggest markets in Africa.

 

According to Paxful Team, over 300 ways exists through which payments can be made for the purchase of bitcoins. Among the lot are through the use of:

 

  1. Gift Cards– iTunes, amazon, OneVanilla Gift Cards VISA?MasterCard,Target, GameStop, BestBuy,walMart and many more.

 

  1. Cash Deposits– Western Union, MoneyGram, Bank of America, Wells Fargo, COOP Credit Unions, TD Bank, SEPA, National Bank transfers Nigerian Banks, SEPA, Wire transfer(domestic and swift) to mention a few.

 

  1. Online Transfers– PayPal, Serve to Serve, Skrill, NetSpend, PerfectMoney, OkPay and other major online wallets

 

  1. Digital Currencies– Ethereum, Litecoin, Eos, Tether, Cardano, Monero and including many other new coins and tokens.

 

With all these services available on the paxful exchange, one would rather believe that there exist a very healthy communication flow between the company and the customers. However this doesn’t seem to be the case as many traders on the platform recently observed an unexplained denial of access to their accounts.

 

Nigeria which happens to be the company’s biggest markets in Africa and is second to the Paxful market in America, have continued to support the company via continuous use of the platform.

With these locally done transactions which have to a great extent, generated huge capitals for the company, one would think a well structured company such as Paxful would have the courtesy to put in place a stand-on live service center which would act as support center and play an active role in resolution of complaints between customers and the global business magnet.

 

Unfortunately, reports reaching us is that Paxful makes use of Bots rather than Humans in attending to support-related issues and even in dispatching mails. One would argue that the above allegation if true, might not hold water as any company – in a bit to promptly service the needs of her clients, can adopt the use of any available means to disseminate information. However, if the said purpose for the adoption of automatic mailing and communication is defeated, then there is obvious need to raise and eye brow on Paxful’s transparency.

 

Recently, a number of Paxful Users took to twitter to tell their story of how Paxful had illegally frozen their accounts and have since started a trend “PaxfulNGisAScam”

 

These negative comments began a while after the Bot support stopped responding to the numerous support tickets. Paxful’s Under-performing customer relations might have done just enough to earn it a name in the blacklists of Cryptotraders and investors.

 

It is expected that Paxful and  CEO Ray Youssef  will respond to these allegations in an official statement or maybe their bots will do just that. Let us know your experiences.

 

In the mean time we ask questions like: Is this yet another reason why we need decentralized exchanges?

 

 

Disclaimer:

The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Also, this content does not in any reasonable way, seek to promote negative news or information about Paxful Global. It is solely for informative purposes on the and should only be intrepreted as such.

Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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Bittrex Suddenly Aborts Plans To Host Its First IEO

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Bittrex Suddenly Aborts Plans To Host Its First IEO

Cryptocurrency exchange; Bittrex International has aborted the initial exchange offering (IEO) of the RAID token after gaming analytics company OP.GG terminated its strategic partnership with the South Korean startup RAID.

Cryptocurrency exchange; Bittrex International has aborted the initial exchange offering (IEO) of the RAID token after gaming analytics company OP.GG terminated its strategic partnership with the South Korean startup RAID.

Bittrex Exchange had announced to host its first IEO for a token called XRD but suddenly refrained due to “‘last minute” significant problem as confirmed by European Exchange Bittrex.

“We decided to cancel the IEO as a result of significant changes in the business status of RAID” – Team Bittrex.

The token offering was scheduled to go live on 15th March at 10 am (UDT). But was suddenly canceled on the 14th which according to Bittrex, this partnership was a “vital part of the RAID project,” which aims to reward gamers for sharing data.

Meanwhile, OP.GG, which claims that it has 45 million monthly active users, announced that it “has stopped all potential business discussions related to RAID project and there will be no economic and technical cooperation with RAID coin.”

However, since this partnership was a vital part of the RAID project, Bittrex International confirmed that they did not feel it was in the best interest of their customers to push forward with the IEO.

Confirming these words from Bittrex International; tweets from them had this saying

‘trust and integrity are the most valuable assets”.

Bittrex International is the crypto exchange’s response to a similar platform launched by its market competitor Binance – Binance Launchpad.

In respect to the gaming; with the token sale, the South Korean gaming platform was aiming to raise $6 million selling 17 billion XRD tokens. Payment option with Bitcoin was only available on the platform and each token was valued at 0.00000010 BTC. RAID had also set minimum and maximum purchasing limit of the tokens at 30,000 and 57 million respectively.

Moreover, as at last checked, RAID is still silent and haven’t divulged a thing yet about the whole saga.

 

 

Disclaimer: Statements on this site do not represent the views or policies of anyone other than ourselves. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities

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