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Interswitch Partners With KuBitX On Innovative Blockchain Services

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LAGOS, NIGERIA – May 27, 2019: It is no secret that Interswitch, an African fintech company with business presence in 5 African countries and operational access to another additional 16 countries, has been building a Blockchain As A Service (BAAS) platform kicked off by their partnership with Microsoft to create a blockchain based supply chain financing platform. The pan African fintech giant has been looking to co-create other crucial parts of their blockchain ecosystem and had been on the lookout for a blockchain solutions company that embodies competence, agility, technical ability, market knowledge, and experience as well as a shared passion for Pan-Africanism.

Enter KuBitX. After considering a myriad of interests from a number of tech companies, Interswitch chose to partner with KuBitX Limited, a Pan African blockchain solutions company registered in Malta and with two live blockchain related products: namely a digital assets marketplace where tokenised assets can be issued and exchanged, as well as a payments and remittances solution (KuBitX PROW) that leverages blockchain technology to make instant international transfers of value at insane speed and extremely low cost.

After some due diligence and productive collaboration discussions, Interswitch and KuBitX have now officially entered a technical and business partnership to co-create a Blockchain services platform for everyone.

KuBitX recently secured topnotch technical talents and financial backing to help expand operations and ensure that quality African technology projects can get due exposure to the globe via its 24/7 digital assets Exchange. KuBitX is also working to use its KuBitX PROW to empower young freelancers in Africa to be able to export their creative services cross border without the fear of how they will be remunerated in their local currency. The KuBitX PROW will ensure that travel and tourism within Africa will no longer be tedious and heavily reliant on cumbersome currency changes at black market rates. A user of the app will simply be able to fund his wallet from one country and technically spend the same in other countries where KuBitX have set up in conjunction with Interswitch.

KuBitX is on a quest to take blockchain to the grassroots, to solve important African socio-economic problems that can best be addressed using exponential technologies without the need for complexity. The company ethos is about education, adoption and inclusion and it has made the right steps so far in ensuring that its products are relatable to most of its target market.

Africa, with its teeming resourceful and internet savvy youth population, as well as an impressive mobile device penetration, is ready to create and enjoy the next set of useful technological innovations. This has already been demonstrated with the “invention” of mobile money over 17 years ago, almost two decades before the likes of Mastercard started to look into it.

KuBitX is a shining light in Africa and one to look out for as they continue to take innovative solutions to the grassroots (in emerging economies) using their combination of creativity, market exposure, technical know how and business experience from working with top multinationals across the globe.

Accesswire

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Post Covid-19: The social impact of 4IR enabling technologies on the African continent

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Tshiwela Ncube is the Co-Founder and COO at VUUQA.com

During this global pandemic, I have been thinking of how the world will change post corona. Will this pandemic thrust Africa into the Fourth Industrial Revolution (4IR)?

In this article, Tshiwela discuss the social impact that 4IR enabling technologies will have on the African continent and how they will assist in addressing various problems facing the continent mainly in the following sectors:

  1. Health–This sector will be impacted the most; technologies like AI will enable diagnosis where there are shortages of doctors and enable the inventory management of medication in rural areas.
  2. Agriculture – Technologies such as the Internet of Things (IoT) have the power to enable African farmers to optimize productivity and reduce wastage through “precision farming” which relies on testing and data analysis to assist in the managing of field variations.
  3. Financial – 4IR will increasefinancial inclusion in Africa by enabling the unbanked to participate in the economy through retail electronic payments platforms and virtual savings and credit supply technological platforms. Technologies such as blockchain are providing the informal sector with opportunities to gain access to credit.

Also Read: Women in Tech: Interview With Ellen Fischat, Founder Story Room and Inspiring Fifty SA Ambassador

Most of these 4IR technologies have been implemented in Africa and many more are currently in testing phase. Africa continues to push innovation;however, a few challenges have the potential to impede the advancement of 4IR in Africa.

  1. Skills Deficit: To take full advantage of 4IR, Africa needs to invest heavily in cultivating the skills and capabilities of their labor force,lack thereof may result in job losses with technology replacing humans. When the labor is skilled it can work hand in hand with the technology.
  2. Infrastructure: Africa needs to improve its digital infrastructure in order to be able to access the advanced technology that enables 4IR. In countries like South Africa where data prices are expensive, the average man on the street can’t afford data therefore cannot connect to the internet affordably and easily.The result of poor digital infrastructure is that it reduces crucial connectivity which makes it difficult to effectively activate technologies like AI.
  3. Regulations: Africa needs to tighten and increase its cyber security to ensure the safety of people data and any possible fraud.Regulations should also be placed to enable African digital leaders to scale cross border, most especially with the new Continental Free Trade Agreement, this should be the time for Africa to align their processes and procedures in order to take full advantage of the rapid changes that 4IR is bringing.

4IR has the power to bring real fundamental social changes to Africa and to enable Africa to compete globally. It is up to African leaders to ensure that the environment is equip and conducive to forester such efforts. There was never a better time than now for Africa to move forward with the 4IR agenda and not only become a participant but a key player.

Article by: Tshiwela Ncube is an E-commerce thought leader, Co-Founder and COO at VUUQA.com

Visit: Vuuqa

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Facebook launches Tools to keep faith-based communities connected during COVID-19

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The tools are part of Facebook’s ongoing efforts in keeping communities safe, connected and informed during this pandemic

JOHANNESBURG, South Africa- Facebook has launched key resources to help faith groups stay connected and engaged during the current COVID-19 outbreak. The resources include the Faith on Facebook Resource Hub and the Faith on Facebook toolkit, both providing guidance and step-by-step tips that faith-based groups can use to keep their communities engaged while observing social distancing. The tools are part of Facebook’s ongoing efforts in keeping communities safe, connected and informed during this pandemic.

Download document: https://bit.ly/2VicyFs

Also Read: African academics launch initiative to collate COVID-19 data across Africa, call for volunteers

Some of the tools that faith-based groups can use to connect with their communities during the COVID-19 outbreak include:

  • Facebook Pages: Explore how to build an active and engaged audience of faith communities, advice on posting interesting content, as well as creating events and using Groups for discussions.
  • Facebook Groups: Groups allow people to come together around a common cause, discussing issues and ideas, posting photos and sharing related content.
  • Facebook Events: Host virtual events using Facebook Events to spread the word.
  • Utilising WhatsApp: Consider sending bite sized sermons or recordings through the voice note feature on WhatsApp to members, using either the dedicated broadcast list function or creating a New Group list.
  • Watch Party: Host a Watch Party for your Group, choosing videos that are relevant to your community and invite members to join and discuss.                                            
  • Facebook Live: Stream live stream events and performances on Facebook, utilizing interactive features such as reactions, shares and comments enabling you to further engage your audience.  

Commenting, Facebook Africa Regional Director Nunu Ntshingila said, “At a time like this, our mission has never been more relevant, to give people the power to build community and bring the world closer together. We know that faith leaders across Africa are grappling with the unexpected challenges in serving their members digitally, and we’re committed to providing them with the resources and tools to support them as much as possible”. She added, “Our ultimate goal is to equip faith-based communities with the tools to help them continue faith conversations throughout the pandemic.”

Credit: Facebook

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Zindi set to offer free hackathon and tailored online problem-solving sessions

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Cape Town based online data science competition platform Zindi will during the COVID-19 lockdown offer businesses free hackathon and tailored online problem-solving sessions.

Zindi recently launched a new hackathon space on its platform. The space will enable those companies with data science teams that are now working from home a private space to continue to upskill on problems that are important to their businesses while strengthening teamwork and cohesion in their free time, even while kilometres apart.

The offer comes in the wake of a 21-day lockdown imposed by the South African government with effect from 27 March.

Also Read: Women in Tech: Interview With Ellen Fischat, Founder Story Room and Inspiring Fifty SA Ambassador

“It really feels like we are stepping through that threshold that separates the world as we knew it from the uncharted territory that lies ahead. The situation is evolving rapidly and every day seems to bring new revelations about how COVID-19 might impact our lives, our economies, our companies, and our professional teams in the months and years ahead,” says Celina Lee, CEO Zindi.

“We realise that even during these challenging times, business doesn’t stop,” adds Lee.

“At Zindi, we also find ourselves having to adapt to the changing landscape. But we are driven by our mission to make AI accessible to everyone and every company. We see the current climate as an opportunity for our online community of over 12,000 data scientists to apply their skills to problems that matter most now, and to be an engine for productivity even during this unusual time,” says Lee.

“One thing this experience is teaching us is that physical location no longer matters. As an online platform, Zindi is uniquely positioned to harness the power of data scientists around the world to keep businesses and teams going during these challenging times. As a support to you, our valued partners, we’re pleased to offer you a free hackathon for your data science team or an online problem-solving session tailored for your business. Remember, we’re all in this together,” she adds.

ZINDI

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