SimbaPay CEO, Nyasinga Onyancha: ‘It Makes Sense to Have a Presence in Nigeria’
SimbaPay is a remittance service provider headquartered in London that enables Africans in UK to send money from their bank accounts back home fast, cheaply and securely through its mobile app, as well as the website. The company just launched a free remittance service to Nigeria. CoinTelegraph had an exclusive interview with its Co-founder and CEO Nyasinga Onyancha to find out about the company’s business model and his projections for the new market. “We are driven by the vision to provide cost effective remittance services to Africa.” CoinTelegraph: What is the story behindSimbaPay and....
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At the same time, some Bitcoin enthusiasts are arguing whether or not Bobby Lee is making these statements to ensure his company does not get scrutinised by government officials. To many people, it is still a mystery as to why Bitcoin would make any sense to them in this world. Although there are many use cases for this alternative form of finance, there are also a lot of misconceptions. Bobby Lee recently held a presentation at Stanford University to clarify a few things. It is rather positive to see Bitcoin industry experts take their time and educate the ‘masses” on why Bitcoin makes....
Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold.
In an earlier article, I conceded too much and suggested that Bitcoin doesn’t need to be a unit of account. What I should have said is that Bitcoin is a great unit of account—much better than the dollar. The objection that Bitcoin is not a good unit of account actually hides a circular argument that invalidates it. Bitcoin’s utility as a unit of account depends on what you already believe about Bitcoin. If you are skeptical of Bitcoin, then it makes no sense to use Bitcoin as a unit of account. If you believe that Bitcoin will become the world currency, then it makes no sense to use....
Nigeria’s national currency Naira plummeted in value against the US dollars, amid the collapse of global oil prices. Although the Bitcoin industry and the market for the digital currency is still fairly small in size, ice3x.com founder Gareth Grobler predicts to see a rapid change in the rate of adoption and awareness of Bitcoin in Nigeria in the near future. Nigeria’s national currency Naira plummeted in value against the US dollars, amid the collapse of global oil prices. The central bank of Nigeria and President Muhammadu Buhari has already begun implementing various currency controls....
Glyde, an eBay-like startup that lets users sell used electronics via its online marketplace, has now made bitcoin available as a payment option. "The way we can help introduce people to bitcoin makes a lot of sense and is very exciting," Drew Lieberman, Glyde's CEO, said in an interview with CoinDesk. He added: "We want to play a part in helping to spread the word, to evangelize, and let people know about bitcoin." Old items for new currency. Taking an existing concept that people are already familiar with - thanks to sites like eBay - and adapting it to the world of cryptocurrency makes....