Connect with us

Press Releases

Kiva, Sierra Leone And United Nations Agencies Partner To Implement “Credit Bureau Of The Future”

Published

on

Sierra Leone

NEW YORKSept. 27, 2018 /PRNewswire/ — President Julius Maada Bio of Sierra Leone announced today at the 73rd Session of the U.N. General Assembly (UNGA) a partnership that brings together leading technology nonprofit Kiva, the U.N. Capital Development Fund (UNCDF) and the U.N. Development Programme (UNDP) for the launch of a bold, new initiative designed to give the country’s seven million citizens, most of whom have no credit history or formal identity, access to financial services.

The centerpiece of the partnership is the new Kiva Protocol, which will create and establish a national digital identification system using distributed ledger technology (DLT). The system will help ensure that every citizen in Sierra Leone has secure and complete ownership of their personal data and information.

“Through this implementation, Sierra Leone is setting out to build one of the most advanced, secure credit bureaus. It could serve as a model for both developing and developed nations in the future and has the potential to radically change the landscape of financial inclusion,” said Xavier Michon, Deputy Executive Secretary of UNCDF.

“The Government of Sierra Leone has signed a Memorandum of Understanding (MOU) with UNDP, UNCDF and Kiva on strengthening our National Digital Identification and Credit Reference Bureau process,” said President Maada Bio. “Sierra Leone will now modernize its Credit Reference Bureau and radically transform its financial inclusion landscape.”

Globally, 1.7 billion adults are unbanked and unable to access the financial services they need to improve their lives and their families’ futures. Two of the major barriers to accessing financial services are a lack of formal identification and a lack of verifiable credit history.

Kiva ProtocolThe new Kiva Protocol is designed to address these barriers by issuing digital identification to all citizens and enabling formal and informal financial institutions to contribute to a person’s verifiable credit history. Currently, unbanked people cannot leverage financial transactions from the ‘informal economy,’ such as credit with a local shopkeeper, to build their credit history. The Kiva Protocol will capture a wide range of financial transactions—from bank loans to credit with a local shopkeeper—to help people access the financial services they need, including loans for businesses, education or basic medical services.

Kiva, the international nonprofit that has crowdfunded more than $1.2 billion in loans for people in more than 80 countries, is building the system that will record these transactions using distributed ledger technology. For 13 years, Kiva has worked to provide financial access to the unbanked and underserved, becoming a trusted name with strong partnerships across the global microfinance industry. The organization identified that a systems-level change in identification and credit history has the potential to unlock massive amounts of capital for the populations they serve so began the hunt for a solution.

“With this partnership in Sierra Leone, we hope to carve a path to a system of global identity and federated credit history,” said Kiva CEO Neville Crawley. “This can unlock capital for the populations who need it most, allowing lenders to massively increase services and the flow of funds to the world’s unbanked.”

Rollout of the Sierra Leone project is planned for 2019, after continued ongoing implementation discussions.

For more information, visit kiva.org/protocol

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

Press Releases

1xBit Offers A New Lottery For Its Customers

Published

on

1xBit Offers

1xBit is happy to announce a new lottery HOT BITCOIN, that will last from June 22, 2019, till August 12, 2019.

Are you fond of betting or maybe you want to earn bitcoins? 1xBit is a good chance to make your wishes come true and win a special prize. It is one of the best cryptocurrency gambling and betting platform. Try now and understand how it can be easy to earn cryptocurrencies! 

On August 13, 2019, the lottery draw will randomly determine lucky winners that will get the following prizes:

1st place: 1 Bitcoin (BTC)

2nd place: 10 Bitcoin cash (BCH)

3rd place: 100 Bitcoin gold (BTG)

4th place: 1,000 Stratis (STRAT)

5th place: 10,000 Nem (NEM)

But that’s not all prizes, the other 750 lucky participants will get bonus points, as it’s shown  in the list below:

  • 10,000 bonus points (10 winners);
  • 5,000 bonus points (20 winners);
  • 2,000 bonus points (30 winners);
  • 1,000 bonus points (40 winners);
  • 500 bonus points (50 winners);
  • 200 bonus points (100 winners);
  • 100 bonus points (200 winners);
  • 50 bonus points (300 winners);

Every winner can buy currency for bonus points or exchange them for free bets.  It’s very easy to take part in this lottery. Bet on any event at least 2 mBTC and get lottery tickets for each bet placed. Free tickets will be automatically credited to your account. Of course, the higher your stake, the more tickets you will get. For example, if you bet more than 12 mBTC you will earn 10 lottery tickets. There is no limit on the number of bets you can place or tickets you can receive.

1xBIT Logo1xBit is a cryptocurrency sportsbook and casino where only cryptocurrency is eligible for playing. Enjoy thousands of sporting events and a rich LIVE section to bet on daily and find all the ongoing events with the best odds! If you like slots, you can find here different kind of slots for all tastes. The high rates and a large number of various bonuses and promos increase your chances of winning. Register and receive a welcome bonus of up to 7 BTC! Yes, 7 BTC, it’s not a joke! You can see for yourself, just register on 1xBit website.

Register on the 1xBit website, place a bet on any event, get a lottery ticket and take part in the prize draw. Perhaps, YOU will be one of the winners.

You can find more detailed terms and conditions of the lottery on the 1xBit website.

Place your bets and GOOD LUCK!

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

Continue Reading

Press Releases

How Blockchain Turns the Game in African Financial Life

Published

on

Chatex
Image by Chatex.com

Progress never stands still. People seek for simplicity and convenience, and the financial system is no exception to that. Hardly anyone could have thought that cash could ever be replaced with plastic cards. Today, it’s time for cryptocurrency to trigger the change in the paradigm.

Besides being a great instrument for investment, crypto changes the very essence of how money is transferred. Today, everyone who owns crypto can seamlessly and transparently exchange, sell off and buy up assets.

Is that not the democratic solution our world needs? That’s the question which underpins the initial purpose of Chatex project. The company has chosen the African continent as the starting point of its expansion in order to help those who suffer from excessive commission fees and lack of fiat.

Why Africa?

The banking environment is so weak here, that it’s hardly called ‘banking’. It is mired in corruption and bureaucracy, while the level of financial literacy is extremely low. It’s a common practice for local third-party services to charge sky-high commission fees on money transferring. Sometimes these figures reach 10 or even 20 percent. Chatex’s CEO, Michael Ross-Johnson, comments the following:

“How can one be treated in such a sordid way in the continent where people survive on less than the equivalent of one dollar a day? We can’t just monitor with our hands folded. We at Chatex are here to help African people become a part of the transparent and fair system that will give them an opportunity to freely manage their money and enjoy the comprehensive financial freedom”

How Chatex will make it out?

ChatexChatex offers a same-name bot based on Telegram, which could be downloaded on any kind of a smartphone supporting the messenger. It is an official, licensed and GDPR-compliant service, which offers safe data storage, BitGo instant transfers technology and additional PIN-code protection.

Thanks to Chatex, users can carry out cross border transactions, whichever their education or location is. One registered with the bot can instantly buy crypto via banking and gift cards, including even iTunes one, and transfer money to other users worldwide with no commission.

What’s the catch? There aren’t any. The verification process and money transfer won’t last more than 15 minutes here. The interface is intuitively simple and user-friendly, that’s why even a layman user will be able to operate without hindrance.

Having established an office in Ghana, Chatex plans to extricate banks and extortionate money transfer services from all over the continent. Next step would probably be Uganda, where the banking system has run rampant. In Uganda, every year relatives send home about $700 million, and almost $70 million of that total are charged by third-party service providers.

Judging upon the current trends of pervasive smartphone penetration, it can easily be said that mobile solutions such as Chatex are on their way to fit a whole set of financial operations into the user’s pocket. Africa needs such services that will ease people lives and eliminate the limits local banks and third-party services set up. Chatex avoided the well-trodden path of expansion and no one will regret. It has started a new chapter in the African market, aiming to ‘make Africa great again’.

To find out more, visit https://chatex.com/.

Disclaimer: This is a paid press release. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

Continue Reading

Press Releases

Bitcoin Events to Host South Africa’s First Crypto Festival

Published

on

Crypto Festival

Bitcoin Events is delighted to be hosting South Africa’s first Crypto Festival in Cape Town on 7 September 2019.

Bitcoin EventsThere’s been a lot of renewed interest in cryptocurrencies in Africa and globally, and the Crypto Festival will highlight the exciting opportunities that cryptocurrencies offer individuals and organisations: from investing, trading, mining and transacting to privacy, security, price volatility, tokenisation of assets, Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs).

South Africa is at the forefront of crypto adoption. It has the highest percentage, 10.7%, of internet users owning cryptocurrencies, twice the global average of 5.5%, according to a recent international survey by social media management firm Hootsuite in partnership with London-based WeAreSocial.

Bitcoin and other cryptocurrencies have certainly changed the way we think about money, privacy, investments, payments and more. Cryptocurrencies are a disruptive innovation that numerous start-ups and individuals are leveraging, along with blockchain technology, to build innovative products and services for consumers and businesses alike.

We are expecting about 150-200 attendees from various backgrounds and industries at the Crypto Festival: crypto exchanges, payment systems, investment firms, mining operations, trading enthusiasts and companies, ICOs and IEOs, legal practitioners, crypto enthusiasts, blockchain developers, thought leaders, industry innovators and entrepreneurs.

Grab your Early Adopter ticket now for ONLY R450!

The Crypto Festival Call for Papers is Open

Our call for papers is now open, so don’t miss this opportunity to share your insights and expertise with our audience by submitting your paper now.

For more information on the Crypto Festival, visit Cryptofest or email the team at info@blockchainafrica.co.

Disclaimer: Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.

Continue Reading

Popular Posts