Daily Monitor
Tuesday April 06 2021
A virtual card allows mobile money users, even those without a bank account, to make payments to local and global online merchants across multiple digital payments. PHOTO/Eronie Kamukama
Summary
Now the competition with banks for online payments has started in earnest with the likes of Mastercard awakening to the possibilities that the mobile phone offers and a wake up call to banks to do something.
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The global pandemic forced businesses and workers across all industries to adapt to one of the most challenging and sudden waves of uncertainty: Technology.
The technology and empathy wave is enabling a number of global work forces to remain productive, safe and connected.
Daily Monitor
Tuesday February 23 2021
Some analysts believe that it is better for Uganda to adopt this new finance innovation of cryptocurrencies at an early stage to offset any emerging risks. PHOTO/courtesy
Summary
Cryptocurrency trading, also known as mining, is a growing global wave which is increasingly tilting the traditional global financial system.
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The recent purchase of $1.5 billion (Shs5 trillion) worth of Bitcoin by US billionaire Elon Musk set a precedent by skyrocketing Bitcoin value on the US stock market currently valued at $50,000 (Shs180m), a figure expected to drop or rise soon.
Musk, owner of Tesla, an electric car company later announced on Twitter that Tesla was moving to accept Bitcoin as a form of exchange for purchase of his cars.