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Digitizing Africa s community banks — Quartz Africa Member Brief — Quartz

Nigeria s Xend Finance passes 100k users, launches in Ghana and Kenya

Nigeria s Xend Finance passes 100k users, launches in Ghana and Kenya
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IEO buzz analyzed – Bankless Times

IEO buzz analyzed The crypto world changes at a mile a minute. After 80 per cent (probably more) ICOs failed, the industry knew there had to be a better way to help viable projects succeed. Exchanges expose new projects to millions of investors instantly making the IEO a perfect partnership for mutual blockchain success. According to data from CoinSchedule.com, close to $180 million had been raised through IEOs in 23 offerings in the first quarter of 2019. IEOs have huge potential from a growth perspective. Bill Shihara, CEO of US-based exchange Bittrex believes that IEOs have the potential “ to be larger than the ICOs of 2017.” IEOs have essentially fully replaced last years trend of Initial Coin Offerings, ICOs as a form of crowdfunding for projects. Bittrex, a leader in the industry, fully vets and supports projects through the IEO process. Alterdice, another reliable asset exchange, has announced their support of projects looking to crowdfund.

DeFi platform Xendi Gets New Funding and Partnership Deal before Launch

DeFi platform Xendi Gets New Funding and Partnership Deal before Launch Last Updated: 10 February 2021 Nigerian-based DeFi platform Xend Finance has landed new funding and partnership deals to support its goal of building a strong decentralized financial credit union. The firm enables cooperatives and credit unions to earn interest on deposits when they are converted to stablecoins. The Binance-backed platform is the first in the country to offer high-interest savings opportunities. The platform was launched in 2019 by Ugochukwu Aronu, Chibuike Aguene, and Chima Abafor. It enables users to carry out basic transactions when they register and set up an account using their mobile phone. Apart from earning interest on their savings, members can also participate in validating transactions on blockchains.

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