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How LCG Energy Solves the Problems for Small Consumers And Businesses in the Energy Sector

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LCG Energy

Market electricity prices grow every year in most countries: For instance, in 2018, prices in Europe increased by 20–40%. Constant increases, together with a lack of transparency, are a serious cause for concern for households and small businesses. Luckily, innovations in distributed ledger technology can provide a solution.

The price of energy depends on many factors: fossil fuel prices, the geopolitical situation, the season (for example, demand is lower in the summer, when there is no need for heating), specific production costs (less hydroelectric energy is produced in the summer), etc. Consumers are not always exposed to the full scale of price fluctuations since many governments provide subsidies. At the same time, they fall victim to price increases not directly tied to the market situation. For example, any new government initiative that creates additional costs for power plants will result in a price increase, as well as investments into capital, the construction of new installations, and so on.

Information Asymmetry: the Real Enemy

Electricity prices for consumers may fluctuate, but the key issue is that they should remain completely non-transparent. It is usually quite difficult to understand where the amount on your utility bill comes from due to the complicated pricing schemes used, and even if consumers manage to figure out how much energy they’re using, there’s still no way to know how much it actually costs to produce electricity: which part of the bill is the real cost, and which part was transferred onto consumers by the energy company to cover a new environmental tax?

This is a classic case of information asymmetry: The electricity company knows exactly how much it spends on producing and distributing energy, while the customer is kept in the dark. The consequences are dire: Users consume much more electricity than they really need and remain uninformed about other options present on the market. Financial losses are even more serious for businesses, which usually consume significantly more energy than households.

One solution to the asymmetry problem is smart grids, which are new-generation grids equipped with sensors at every stage, from the power plant to homes and offices. The smart meters show precisely how much energy has been and is being consumed in real-time. Users can see how much they save by turning off appliances kept on standby, switching to LED, or running energy-intensive tasks at night.

LCG Energy is a well-known energy reseller, electricity supplier and energy contractor. The smart meters which the company has been installing over the course of the last years have already helped thousands of businesses and individuals reduce their electricity costs by 20% or more, simply by analyzing and optimizing usage. However, LCG is planning to do much more.

A Vision of the (Near) Future

LCGThe new LCG Energy initiative aims to unite users, energy sellers, and sustainable new projects into a single ecosystem powered by the LCG Energy token.

All users who already buy electricity from LCG will be able to pay for it using tokens. For those who are not clients of LCG, there will be numerous other ways to benefit from holding tokens – most significantly, by supporting promising energy startups. LCG will select projects in the segment of renewable energy that can offer an ROI of 20% and up. Apart from receiving funding from LCG itself, these projects will be able to raise funding among the platform’s users.

Thanks to blockchain technology, it will also become possible to track the cost of production of each unit of energy. For the first time, consumers will know the true price of electricity and will thus be able to make better choices. Many will surely choose to switch to green energy once they see that power plants tend to load their costs onto users. 

Electricity bills do not have to be a source of constant anxiety. In the next few years, we will see the development of completely new ways of buying energy that is more transparent and affordable. Companies like LCG – with a large customer base, industrial know-how, and expertise in the field – will be at the forefront of this transformation.

Learn more about the LCG Company and their upcoming blockchain project on https://lcg-group.de/

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.

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Xago Launches XRP Only Gateway And Exchange in South Africa

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XRP Gateway

Xago, a Cape Town-based fintech company, announced the launch of its Ripple gateway and custom-built exchange in South Africa. The exchange connects to and utilises RippleNet to trade, send and receive XRP only, the native digital asset used by Ripple.

XagoXago has built the exchange in order to create liquidity of XRP in South Africa, acting as the market-making platform for cryptocurrency enthusiasts and businesses that wish to trade with and utilise XRP and the Ripple Ledger. Due to the fast settlement between wallets, RippleNet is a viable option for transferring value between exchanges, reducing exposure to volatility.

Xago was founded by Jurgen Kuhnel (CEO), Sonya Kuhnel (COO) and Mark Chirnside (Chairman) in 2016 and incubated out of CiTi’s Bandwidth Barn in Woodstock thanks to Ian Merrington and his team. The company believes that blockchain technology, and in particular RippleNet, will play a critical role in transforming the payments industry.

‘By solving the double-spending problem the Bitcoin blockchain opened up digital peer-to-peer payments without the need for a trusted 3rd party through the process of mining. Ripple took this one step further and built a faster and more cost-effective decentralised ledger to compete in the high throughput and fast clearing retail and banking environments,’ says CEO Jurgen Kuhnel referring to their choice to specifically focus on Ripple and XRP.

Once the exchange has sufficient liquidity, Xago will launch its payment switch which connects to the retailers through their existing hardware and software systems. Where Xago is utilised, it will replace the need for acquirers and card networks for retailers, and with the use of RippleNet and XRP enable cross-border payments in the future. Consumers will be able to pay for goods and transact at the point of sale using only their mobile and mobile number, bypassing traditional payment rails.

Xago’s mobile number based identity system is built to connect mobile devices, the blockchain, and retailers in one seamless experience. Together with significantly lower transaction fees, the Xago platform is gearing to compete in the high stakes retail environment. This will enable clients to create new and innovative products that will ultimately benefit the end consumer.

Xago’s Chairman Mark Chirnside added, “This is no small step on the journey of Xago.io. With this launch and with the welcomed constructive approach we take with regulatory compliance and best practice, this platform holds the promise to reduce cost and friction, at a very interesting time in the payments arena. Personally I am honoured to be involved as an investor and as Chairman.”

In late 2018, the start-up received investment from African Technology Investments Ltd. It has spent the 1st half of 2019 setting up operations and engaging with the regulators and the broader ecosystem to build a best-in-class product that will not only add value to its clients but also comply with regulations going forward.

The start-up has a broader vision for payments across Africa and has plans to expand operations into other markets in the future. Kuhnel says, “In Africa, we have an opportunity to rethink the way money flows, what it costs and the time it takes to reach a destination. Mobile has shown us how important innovation is on our continent. We must build on this and continue to provide solutions that will benefit consumers in low to middle income countries who need it most, reducing the cost and friction of moving money is absolutely key.”

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.

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Join the Bitcoin & Crypto Trading Crash Course in Nairobi, Kenya on October 12

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Crypto Trading Crash Course

BitcoinKE is excited to announce its upcoming Bitcoin and Cryptocurrency Day Trading Crash Course on October 12, 2019, at Marble Hotel in central Nairobi.

Course Outline:

0) Brief Intro for beginners. (Defn of Terms)
1) Resource tools for Margin Trading
2) Software Set-Up & Configurations
3) Pre-market Analysis/Screening
4) Analysis: Based on Our Strategy
– Criteria to identify a viable setup
– Position Sizing/Risk Reward Calculations
– Entry/Exit
– Trade Management based on Market Generated Information

5) Psychological Management
6) Discord Trading Group (community)for consulting on setups/
research/learning from each other/ traders lounge and our daily banter
station

Bitcoin Trading Session

Bitcoin Trading Session at a recent event by www.bitcoinke.io

NB: This will be a marathon course as thereʼs a lot to cover, and we only have one day! You are advised to carry your laptops to follow along on the course.

Trading has a wide range of topics that will require that a beginner takes more time to learn and apply themselves in the market. This one-day seminar distills what we ourselves have learned over time, focusing on essentials of how we day trade.

Afterward, beginners will need to connect with us in our Tradersʼ Lounge Discord Server (free chat app) and follow up with more experienced traders in their daily trading.


At the end of the class, you should have the necessary skill set to get started as a trader. It’s a first-of-its-kind training that compresses 32 hrs of training into a 7-8hr session.

Location & Payment

The course is going for only Kshs. 2,500.

LOCATION: MARBLE ARCH HOTEL, CITY CENTER, NAIROBI

TIME: 8:00 AM – 5:0OPM

Lunch and Snacks will be served!

 

You can pay for the course below:

PAYMENT DETAILS:

VIA BANK DEPOSIT / MPESA

PAYBILL: 400200

ACCOUNT NO.: 01108170890000

SEND PAYMENT DETAILS VIA TEXT OR WHATSAPP TO: +254 721 783 420

 

VIA BITCOIN

BITCOIN ADDRESS: 17NBhX8NdMNxccF4vGd84g92AQXortxSkU

SEND TRANSACTION ID  VIA TEXT OR WHATSAPP TO: +254 721 783 420

 

Once payment is received, we shall send the relevant course materials before the day of the training.

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.

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Press Releases

Abuja Blockchain & Digital Assets Conference 2019 to Be Held on October 4-5

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Abuja Conference

All is now set for the successful hosting of the Abuja Blockchain & Digital Assets Conference 2019 at Sheraton Hotels Abuja on October 4 and 5, 2019. This is Nigeria’s premium hybrid Blockchain Conference of Value and Innovation, annually organized and curated by Blockchain Nigeria User Group, sub-set of Organization of Blockchain Technology User (OBTU), a pioneer group of enthusiast, developers and industry practitioners championing the adoption of Blockchain technology through education across Nigeria and Sub-Saharan Africa.

The conference will be chaired by Mr. Lawal J. Ahmed an Executive Director at Keystone Bank Plc. Prof Kingsley Mughalu, former UN Diplomat and a former Deputy Governor at CBN, is expected to grace the conference as the Lead Keynote Speaker.

Date: 4-5th October 2019 | Venue: Abuja Sheraton Hotels, Abuja Nigeria | Time: 10.00 AM

The agenda of this year’s conference is “The Blockchain Trust-Architecture for Governance and Public Service”.

At the upcoming #AbujaBlockchain2019, attendees will discover how Blockchain, Artificial Intelligence (AI), IoT, Big Data and Virtual Financial Assets are altering and disrupting incumbents and creating new opportunities for forwarding-thinking individuals, nations and organizations. As for government agencies, they will also discover how different countries are already utilizing the blockchain trust-architecture to increase public service delivery and improve citizen participation in governance.

Some of the expected Keynotes and Special Guest include Hon Femi Gbajabiamila (Speaker HoR Nigeria), Hon Solomon Adaelu, Member HoR, Chairman of Bi-Partisan Blockchain Group at the National Assembly, Dr. Isa Pantami, Hon Minister of Communications, Kashifu Inuwa Abdullahi, DG NITDA, Rakiya S. Mohammed- Director, Information Technology Department Central Bank of Nigeria (CBN), and Joshua Hawley, founder Blockchain Advisory Mauritius/ Co-Founder of Mauritius Ethereum Alliance.

Blockchain Nigeria User Group

The conference has three tracks consisting of Panel discussions, Innovative Tech product Exhibitions, and Blockchain4Good Hackathon, The hackathon is being supported by RadikalHub, IBM and Vite Labs. The event sponsors include Quanta, Kudi-Exchange, Jelurida Africa DLT, Bitfxt, Naija Crypto, Swipe and BFC International.

About 1000 participants are expected to be at the two-day event.

More information about the event is available at the event website: https://blockchainnigeria.group/

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.

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