🪙 KuCoin suspends Naira-Based P2P Trading |📱NITDA and TikTok Collaborate

Today’s Menu ☕️

 🪙 KuCoin suspends Naira-Based P2P Trading and Fast Buy service via Naira cards
 💵 Chipper Cash Partners with Jack Dorsey’s Payment System to Expand Financial Access Across Africa
📈 Google’s Hustle Academy opens applications for 2024 cohort, introduces AI training for African SMEs growth
📱NITDA and TikTok Collaborate on Safeguarding Nigeria’s Digital Space Through Content Moderation
🎥 Netflix reports 40 million users on the ad-inclusive subscription plan

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🪙 CRYPTOCURRENCY

KuCoin suspends Naira-Based P2P Trading and Fast Buy service via Naira cards

Cryptocurrency exchange, Kucoin, announced that it has temporarily suspended all Peer-To-Peer (P2P) Nigerian Naira services and Fast Buy service via Naira cards. The exchange stated that the suspension is effective from 2024-05-15 08:00 (UTC)/ 09.00 WAT.

This is coming three weeks after Nigeria’s Securities and Exchange Commission (SEC) met blockchain industry players and urged them to stop P2P trading.

“During this temporary pause, we will be focusing on ensuring compliance and creating a more robust and secure environment for all our users. We are fully aware of the impacts caused, and we want to express our gratitude for your understanding and cooperation as we navigate through this change together,” says the company.

The exchange’s choice to cease P2P trading is probably aimed at sidestepping any conflict with the Nigerian government, particularly in light of the recent legal action taken against another prominent exchange, Binance..……continue reading

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💵 PAYMENTS

Chipper Cash Partners with Jack Dorsey’s Payment System to Expand Financial Access Across Africa

In a groundbreaking move set to transform cross-border payments in Africa, TBD, a subsidiary of Block Inc., has forged a strategic partnership with Chipper Cash, one of the continent’s leading financial technology firms. This collaboration aims to accelerate the adoption of open and decentralized technologies, paving the way for seamless financial transactions across borders.

Announced on Tuesday, the partnership signifies a significant step towards expanding financial access and inclusion in Africa. Mike Brock, CEO of TBD, highlighted the potential impact of the collaboration, emphasizing the goal to extend the reach of innovative financial solutions to 40 countries across the continent.

TBD, established over two years ago by Block Inc., aims to bridge the gap in financial access for individuals, businesses, and payment platforms. Leveraging the expertise of its parent company, founded by Twitter’s Jack Dorsey, TBD is dedicated to driving financial empowerment through cutting-edge technologies......……continue reading

📈 PAYMENTS

Google’s Hustle Academy opens applications for 2024 cohort, introduces AI training for African SMEs growth

Google has recently declared that it is now accepting applications for the 2024 iteration of its Hustle Academy, a specialized initiative designed to foster the expansion of small and medium-sized enterprises (SMEs) in the Sub-Saharan African region.

The Hustle Academy is an all-encompassing program that delivers an in-depth business education, offers guidance through mentorship, and facilitates connections through networking events for SMEs. Since its inception in 2022, the program has been instrumental in the growth of over 10,000 businesses.

In a significant enhancement to the program this year, the Hustle Academy has integrated business-oriented artificial intelligence (AI) training into its educational offerings. The newly added AI components are tailored to teach participants about making informed, data-centric business decisions, refining business operations, and devising AI-infused marketing strategies........……continue reading

OTHER STORIES

• Netflix reports 40 million users on the ad-inclusive subscription plan. Netflix has announced a significant milestone in its subscription offerings, revealing that the number of monthly active users on its advertising-supported plan has surged to 40 million. This marks a notable increase from the 5 million reported just a year ago…..read more

• NITDA and TikTok Collaborate on Safeguarding Nigeria’s Digital Space Through Content Moderation. As the digital landscape in Nigeria continues to evolve, the National Information Technology Development Agency (NITDA) is taking proactive steps to ensure a safer and more responsible online environment.…..read more

OPPORTUNITIES

• Google launches application process for African AI Start-ups Accelerator….read more

• Pitch2Win competition opens for Nigerian startups with $10,000 prize up for grabs….read more

• Call for Applications: 4th Cohort of AUDA-NEPAD’s Healthcare Accelerator Program…..read more