Grammy-award winning artist and producer Akon is pushing forward with bringing his cyber-dreams to life. He has integrated Akoin, his Stellar-based cryptocurrency, with BitMinutes, a token built as an asset, the universal prepaid airtime minute. The utility is clear, as prepaid minutes already act as an informal currency in many developing communities. This is especially so in Africa, which is where Akon hopes to first launch his financial inclusion initiatives.
Akon recent launched the Akoin, his cryptocurrency, on the Stellar network. Akoin is positioned as the foundation of the “Akoin Ecosystem,” a platform that offers “experiences and opportunities for youth…
BitMinutes, a blockchain technology company and inventor of pre-paid minute tokenization, has created a country-specific BitMinute in Guatemala.
BitMinutes Inc. (BitMinutes), a financial services technology company leveraging blockchain and pre-paid minutes tokenization to bring financial inclusion to the global consumer in less developed communities, announced today a country-specific BitMinute (BMT) in Guatemala. The Guatemala-BMT (BGTQ) will be pegged in value one-to-one to the Guatemala Quetzal (GTQ) to encourage easy understanding and widespread use by Guatemalans.
Approximately $10 billion is remitted from the U.S. to Guatemala each year, according to the World Bank, so there is a lot of potential to…
Atlanta-based BitMinutes Inc., a financial services technology company (FinTech) that leverages blockchain and tokenization to help its partners deliver secure, affordable financial services to their customers, has announced that its token (Symbol: BMT) has listed on one of the industry’s most innovative exchanges, LATOKEN.
BitMinutes CEO Tom Meredith noted that the timing of the listing is, well, timely given recent corporate developments.
“For example, BitMinutes now has more than 5,000 customers in Nigeria, where the unbanked are using their BitMinutes to top up phones and as a unit of value for financial transactions, like folks use Venmo. BitMinutes began the…
CGAP, the Consultative Group to Assist the Poor, has released a report this month that lays out its six principles for closing the “last mile” in the delivery of formal financial services to less urban communities throughout the less-developed world.
“Most digital financial services users around the world live in cash-based societies, and they require a cheap and easy way to switch between the worlds of cash and digital currency…global evidence shows that emerging agent network business models are improving agent viability in remote areas home to many of the world’s poor, financially excluded populations,” writes Emilio Hernandez in his…
Plans call for LATOKEN to offer the BMT in an Initial Exchange Offering (IEO) through the end of October. The BMT will be priced at a 20 percent discount off the official listing price on LATOKEN through the end of September. The full listing goes live at the end of October.
If your country is live on LATOKEN, you can find the BMT landing page here.
Evidence pops up every day across Africa that commerce could go digital in logistics and payments faster than the developed world. With physical infrastructure that still lags behind other regions, innovative enterprises are skipping many popular (and now legacy) developed-world bricks-and-mortar and landline commerce mechanisms.
Africa is fast adopting mobile technologies, which puts a lot of traditional merchant services at their fingertips just as quickly as mobile commerce solutions are being rolled out globally.
Here is why:
Galaxia International Services, Inc. and P2P Cash Technology, Inc. have forged a financial services partnership that combines P2P Cash’s blockchain technology (which also powers BitMinutes’ products and services) with Galaxia’s financial services to offer residents of the New York-New Jersey metropolitan area free digital international money transfer and other financial services.
Galaxia, a money transfer, check cashing and currency exchange business that has been operating in the Greater New York area since 2000, can now offer its clients online and mobile services as a complement to its six brick-and-mortar retail locations.
“The future of money transfer is clearly online,” said…
Galaxia and P2P Cash Technology have partnered to offer some New York-New Jersey residents free digital international money transfer and other services.
Galaxia International Services, Inc. and P2P Cash Technology, Inc. have forged a financial services partnership that combines P2P Cash technology with Galaxia’s financial services to offer residents of the New York-New Jersey metropolitan area free digital international money transfer and other financial services.
Galaxia, a money transfer, check cashing and currency exchange business that has been operating in the Greater New York area since 2000, can now offer its clients online and mobile services as a complement to…
The World Bank Group has identified financial inclusion as a key enabler in reducing extreme poverty and boosting shared prosperity globally. It had an ambitious goal (not likely to be achieved at this point) of “Universal Financial Access” (UFA) by 2020. Given that 2020 is just over six months away, adjusting that goal to adopt a more realistic deadline is clearly called for.
But the need remains critical. The Bank’s the Global Findex Database found close to one-third of all adults globally (about 1.7 billion people) remained unbanked as of 2018. The Bank further estimates that half of these are…
BitMinutes is a financial services technology company that leverages blockchain and tokenization to create financial services that can be affordably yet profitably delivered to an extensive range of emerging market consumers. The BitMinutes program launched in Nigeria only a month ago and is already experiencing impressive growth.
BitMinutes Nigeria is a strategic partnership with BODC Trading & Investment Co., who have taken on the mission of building the TAN Network…
Better Crypto for a Better World - Establishing prepaid airtime minutes as a real asset that can expand financial inclusion.