Here’s a brief look at the day’s activity as it has happened across the globe.
- More Than 3,500 Bitcoin ATMs Exist Globally, Only a Handful in Africa
As Bitcoin and other cryptocurrencies grew in popularity, so did the demand for easy buying and selling options for digital currencies. Hence, the birth of the bitcoin ATM market. Canada was the first country to launch a bitcoin ATM in 2013.
Subsequently, more Bitcoin ATMs were launched in various countries. Today, there are bitcoin ATMs in 67 countries all over the world.
2. China’s Ant Financial is slowly but seriously entering Africa’s payments space
Ant Finacial, formerly known as Alipay and an affiliate of Alibaba Group, is slowly but seriously entering the African payments space. This conclusion can be reached by looking at the payments company’s actions in the recent past.
Last week, Ant Financial’s CEO, Eric Jing, was in Ethiopia meeting with other executives from IFC as well as the United Nations Economic Commission for Africa – ECA.
3. Electric cab ride-hailing company Nopia Ride launches in Nairobi
Yesterday [09/10/2018] electric mobility company EkoRent Africa launched Nopia Ride, a full electric mobility service in Nairobi, Kenya. “We have now launched our zero-emission electric transportation service pilot in Nairobi,” reads a statement on their website.
Joining a highly competitive industry, Nopia is employing the same book-ride-and-pay formula. Users will download the Nopia Ride mobile app to locate and book vehicles
Electric cab ride-hailing company Nopia Ride launches in Nairobi - Digest Africa
4. Andela Kenya partners with Business Insider to bring Tech Thursdays
Under the partnerships, Andela Kenya working closely with BI will come up with tech content in the form of articles, videos, and images sourced for and produced by both parties on Thursday which BISSA has aptly named Tech Thursday.
Once published, Andela will promote the content within Andela network across Africa (Nairobi, Lagos, and Kampala), including on Andela social media accounts.
Business Insider and Andela Kenya present Tech Thursdays - Pulse Uganda
5. SafeBoda is rumored to have raised $1.1 Million this year
Over the past 8 months, SafeBoda has undergone a serious facelift. But, if you follow startups, no one undergoes such changes without having a comfortable buffer of cash to burn. It turned out that company had raised $1.1 Million in January 2018.
SafeBoda is rumored to have raised $1.1 Million this year - Digest Africa
You can receive The Daily Brief directly into your inbox by subscribing to our daily newsletter here.