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Hello friends,
Welcome to today's daily tech news roundup. I will share so much that you need to know from the African and global tech space.
Please remember to retweet this first tweet so your friends can read and engage the #Thread as well.
Let's run!
#NextRoundup
Welcome to today's daily tech news roundup. I will share so much that you need to know from the African and global tech space.
Please remember to retweet this first tweet so your friends can read and engage the #Thread as well.
Let's run!
#NextRoundup
1.
#NextRoundup: Mobile Money is scam!
.
Zimbabwean authorities has described the leading EcoCash platform as a Ponzi scheme in court papers seeking to sustain a directive to disable its agent lines.
The Reserve Bank says EcoCash is causing the spike in the FX parallel market...
#NextRoundup: Mobile Money is scam!
.
Zimbabwean authorities has described the leading EcoCash platform as a Ponzi scheme in court papers seeking to sustain a directive to disable its agent lines.
The Reserve Bank says EcoCash is causing the spike in the FX parallel market...
2.
Mobile money usage in Zimbabwe has moved from just basic digital payments and rapidly evolved to include salary payments and remittances among other use cases.
EcoCash which has over 11 million registered users is accused of of fueling illegal currency dealings on the streets
Mobile money usage in Zimbabwe has moved from just basic digital payments and rapidly evolved to include salary payments and remittances among other use cases.
EcoCash which has over 11 million registered users is accused of of fueling illegal currency dealings on the streets
3.
The Zimdollar unit is currently trading at $1 to 45 Zimdollars on the streets of Harare against the official and fixed exchange rate of $1:25 and authorities are looking to stem this by curtailing the agent lines accused of involvement in black market currency dealings.
The Zimdollar unit is currently trading at $1 to 45 Zimdollars on the streets of Harare against the official and fixed exchange rate of $1:25 and authorities are looking to stem this by curtailing the agent lines accused of involvement in black market currency dealings.
4.
EcoCash (owned by Econet Wireless group) has disabled the affected agent lines but has also dragged the central bank to court..
Source: @qzafrica https://qz.com/africa/1855919/zimbabwes-reserve-bank-says-ecocash-running-ponzi-scheme/
EcoCash (owned by Econet Wireless group) has disabled the affected agent lines but has also dragged the central bank to court..
Source: @qzafrica https://qz.com/africa/1855919/zimbabwes-reserve-bank-says-ecocash-running-ponzi-scheme/
5.
#NextRoundup: Uber will be sure your driver is wearing a mask!
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Uber CEO Dara Khosrowshahi said that the platform will use its selfie tech to ensure drivers are wearing nose masks as required. According to Uber, this will ensure that drivers are protected when requests go up.
#NextRoundup: Uber will be sure your driver is wearing a mask!
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Uber CEO Dara Khosrowshahi said that the platform will use its selfie tech to ensure drivers are wearing nose masks as required. According to Uber, this will ensure that drivers are protected when requests go up.
6.
The selfie technology, known as Real-Time ID Check, is a security feature prompts drivers periodically to share a selfie before being allowed to accept fares. The aim is to prevent fraud and protect users & drivers
The account is temporarily locked if the selfie doesn’t match
The selfie technology, known as Real-Time ID Check, is a security feature prompts drivers periodically to share a selfie before being allowed to accept fares. The aim is to prevent fraud and protect users & drivers
The account is temporarily locked if the selfie doesn’t match
7.
Source: @techcrunch
. https://techcrunch.com/2020/05/07/uber-may-use-its-selfie-tech-to-verify-drivers-are-wearing-masks/
Source: @techcrunch
. https://techcrunch.com/2020/05/07/uber-may-use-its-selfie-tech-to-verify-drivers-are-wearing-masks/
8.
#NextRoundup: Bitcoin prices halved for the 3rd time!
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Bitcoin successfully went through its third halving in its history on Tuesday, seeing its daily supply of new bitcoin reduced by half. This cuts the reward for using bitcoin mining from 12.5 new bitcoins to 6.25.
#NextRoundup: Bitcoin prices halved for the 3rd time!
.
Bitcoin successfully went through its third halving in its history on Tuesday, seeing its daily supply of new bitcoin reduced by half. This cuts the reward for using bitcoin mining from 12.5 new bitcoins to 6.25.
9.
With COVID-19 disrupting financial markets in recent months #Bitcoin
price made no significant surge as cases in COVID-19 mortality rate increases. Bitcoin, yesterday, was trading just over 2% and hovering around $8,906 per bitcoin according to coinmarketcap.
Phew!
With COVID-19 disrupting financial markets in recent months #Bitcoin
price made no significant surge as cases in COVID-19 mortality rate increases. Bitcoin, yesterday, was trading just over 2% and hovering around $8,906 per bitcoin according to coinmarketcap.Phew!
10.
The first halving happened around November 2012 when the mining reward was slashed from 50 bitcoins to 25, and the second happened in mid-2016 when it was further reduced to 12.5
Source: @Nairametrics https://nairametrics.com/2020/05/13/bitcoin-has-halved-what-happens-next/
The first halving happened around November 2012 when the mining reward was slashed from 50 bitcoins to 25, and the second happened in mid-2016 when it was further reduced to 12.5
Source: @Nairametrics https://nairametrics.com/2020/05/13/bitcoin-has-halved-what-happens-next/
11.
An aside, it is quite interesting that a lot of people in Nigeria's commercial city, Lagos are trending #NoLagosLockDown....
Yet the poll on the state government's Twitter handle reflects a different wish:
What do you think?
An aside, it is quite interesting that a lot of people in Nigeria's commercial city, Lagos are trending #NoLagosLockDown....
Yet the poll on the state government's Twitter handle reflects a different wish:
What do you think?
12.
#NextRoundup: Earn with status!
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A new tech startup in Nigeria, Druve Technologies Ltd is introducing an innovative way for Whatsapp users to earn some wages using their Whatsapp status.
Druve has 3 founders; Yusuf Ojonoka (COO), Michael John (CEO), Samuel Steven (CTO).
#NextRoundup: Earn with status!
.
A new tech startup in Nigeria, Druve Technologies Ltd is introducing an innovative way for Whatsapp users to earn some wages using their Whatsapp status.
Druve has 3 founders; Yusuf Ojonoka (COO), Michael John (CEO), Samuel Steven (CTO).
13.
How it works:
You earn for every ad you post to your WhatsApp status from the Druve app as long as you get at least 42 views on each status. The payment is made to your registered bank account based on view grades.
For a link and image, you earn N200 per advert.
How it works:
You earn for every ad you post to your WhatsApp status from the Druve app as long as you get at least 42 views on each status. The payment is made to your registered bank account based on view grades.
For a link and image, you earn N200 per advert.
14.
According to the founders, So far, adverts on the Druve platform have achieved click-through rates between 2-15%. That is about 300% more effective than other known digital marketing platforms.
Source: @technextdotng https://technext.ng/2020/05/13/new-startup-druve-will-help-you-earn-money-from-sharing-contents-on-your-whatsapp-status/
According to the founders, So far, adverts on the Druve platform have achieved click-through rates between 2-15%. That is about 300% more effective than other known digital marketing platforms.
Source: @technextdotng https://technext.ng/2020/05/13/new-startup-druve-will-help-you-earn-money-from-sharing-contents-on-your-whatsapp-status/
15.
#NextRoundup: Novastar Ventures raise $108m!
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This means NVAF now manages more than $200 million of capital making it one of the largest funds in Africa. Novastar backs start-ups that address proven demand for basic goods and services with innovative business models
#NextRoundup: Novastar Ventures raise $108m!
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This means NVAF now manages more than $200 million of capital making it one of the largest funds in Africa. Novastar backs start-ups that address proven demand for basic goods and services with innovative business models
16.
At first, Novastar’s first fund was limited to East Africa. This time the fund, NVAF II, has expanded its geographic reach to West Africa with its offices in the entrepreneurial hubs of Nairobi and Lagos.
At first, Novastar’s first fund was limited to East Africa. This time the fund, NVAF II, has expanded its geographic reach to West Africa with its offices in the entrepreneurial hubs of Nairobi and Lagos.
17.
The @NovastarV fund has already led or co-led financing rounds in two West African companies so far. Ghanaian healthtech startup, @mPharmaHealth, and Nigerian on-demand motorcycle-hailing and logistics startup, Metro Africa Xpress ( @maxdotng).
The @NovastarV fund has already led or co-led financing rounds in two West African companies so far. Ghanaian healthtech startup, @mPharmaHealth, and Nigerian on-demand motorcycle-hailing and logistics startup, Metro Africa Xpress ( @maxdotng).
17.
Source: @Techpointdotng
. https://techpoint.africa/2020/05/13/novastar-ventures-closes-second-fund-at-108m/
Source: @Techpointdotng
. https://techpoint.africa/2020/05/13/novastar-ventures-closes-second-fund-at-108m/
for your time.
