BitKE

Kuda Bank experienced a significant loss of $14.2 million in 2021, up 602% from the previous year, despite a revenue increase of over 4,300%. High credit losses and rising operating expenses, driven by poor loan performance, necessitate strategic restructuring.

Bitsgap has evolved from a crypto arbitrage platform to a leading trading service since 2017, serving over 600,000 users and facilitating billions in trading volume, with $400 million in user profits.

Visa is expanding its cryptocurrency initiatives by partnering with merchant companies to facilitate transactions in USDC on the Solana blockchain, aiming to enhance cross-border settlement speed and efficiency.

Telegram has launched a new in-app browser and mini app store, allowing users to access decentralized websites and engage with Web3. This integration supports custom content creation and fosters interaction among its extensive user base, driven by the popularity of blockchain-based games.

12 fintech startups have made it to the final round of the 2024 Ecobank Fintech Challenge.
The finalists were announced at the semi-finals, which was held at the Ecobank Pan-African Centre in Lagos, Nigeria, with tie-ins from different countries such as France, Ghana, Côte d’Ivoire, Senegal, and

VISA has launched the VISA Tokenized Asset Platform (VTAP), enabling financial institutions to issue and manage fiat-backed tokens on blockchain networks. Designed for seamless integration, VTAP allows banks to mint, burn, and experiment with tokenized assets, aiming for live programs by 2025.

Unstoppable Domains has partnered with Polygon Labs to introduce .polygon domains, allowing users to create custom Web3 identities for seamless login and transactions. This initiative enhances digital ownership and engagement within the Polygon ecosystem.