Abubakar Nur Khalil

Algorand H1 2024 Report: Real-World Impact Unleashed From public services in Nigeria to scaling DeFi and education initiatives, here’s how @Algorand is making waves in the real world 👇 Pioneering Public Sector & Real-World Asset Impact Algorand isn’t just about DeFi and NFTs. Its RWA projects — @lofty_ai, making real estate investing accessible, and @travelx__, enhancing transparency and efficiency in air travel — are bridging blockchain with the real economy. With government partners such as Nigeria’s Plateau and Taraba States exploring blockchain for public services and youth training, Algorand is making real-world innovation happen. DeFi Growth and Community Rewards DeFi is thriving on Algorand, with 31 million $ALGO distributed to incentivize governance and fuel new projects. Backed by Algorand Ventures, projects like @vestigefi, @deflyapp and @PeraAlgoWallet are building a sustainable DeFi ecosystem, strengthening Algorand’s community and impact. Technological Leap in Developer Tools AlgoKit v2 has unlocked the doors for 10M+ Python developers, making it easier than ever to dive into smart contracts and dApps on Algorand. Python is the world’s #1 developer language, and Algorand is the only L1 offering native Python support — making it a top choice for developers globally. Secure Decentralized Authentication with LiquidAuth LiquidAuth is a big step forward for secure, decentralized wallet authentication. By removing reliance on centralized wallet providers, Algorand is leading the way on safer, open standards, making Web3 more secure for everyone. Scaling with Dynamic Round Times Algorand’s blockchain now adjusts block times on the fly, thanks to Dynamic Round Times. Average block time dropped from 3.4 to 2.8 seconds, with instant finality, atomic swaps, and quantum security making Algorand future-ready for payments at scale. 44M Transactions in a Single Day The $ORA memecoin drove Algorand to a record-breaking 44 million transactions in one day. No congestion, no delays. Algorand proved that scalability isn’t theoretical here; it’s tested and ready. Expanding Financial Integration with USDCa Algorand’s partnership with @coinbase made USDCa deposits and withdrawals a breeze, driving liquidity and accessibility in the stablecoin sector. Enterprise & Education Initiatives with Global Reach With the Algorand Blockchain Academy in partnership with UNDP, over 23,000 UN staff are exploring blockchain for global impact. In India, Algorand has expanded to 64+ universities, and new blockchain startups are emerging through its Startup Lab with T-Hub. Dive into the full report for an inside look at Algorand’s impact — from tech upgrades to public sector partnerships and beyond: https://lnkd.in/gbgRNyqi

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NENBSUA LAUNCHES ASDAi: A BEACON OF HOPE IN THE FIGHT AGAINST DIGITAL ASSET SCAMS In a groundbreaking move, the Network of Nigerian Blockchain Stakeholders and Users Association (NENBSUA) has launched the Anti-Scam Digital Assets Initiative (ASDAi), a comprehensive program aimed at combating scams and fraudulent activities in Nigeria's digital asset space. https://lnkd.in/d_GQ5y8D

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Lisk, a leading Layer 2 blockchain focused on emerging markets, has partnered with Kotani Pay, a prominent payment platform in Africa. This collaboration will enable projects on the Lisk protocol to exchange stablecoins like USDT and USDC for fiat currency, which can be deposited into mobile money wallets. 'Kotani Pay is addressing the challenge of on/off ramps—historically the Achilles' heel of crypto,' said Dominic Schwenter, COO of Lisk. 'This partnership will further enhance our innovation in the region.' The integration positions Lisk as the go-to RWA chain for African projects, providing access to over 8 African countries through Kotani Pay's extensive reach. This aligns with a recent Chainalysis report indicating that stablecoins account for approximately 43% of the total transaction volume in Sub-Saharan Africa. 'We are committed to empowering entrepreneurs and developers building Web3 products that drive economic growth across the continent,' stated Felix Macharia, CEO of Kotani Pay. 'This partnership aligns perfectly with Lisk's vision.' The collaboration aims to drive crypto adoption in Africa while increasing the utility of Lisk's infrastructure technology, addressing a critical challenge for developers building on the Lisk protocol. #blockchain #crypto #africa #lisk #kotanipay Lisk Kotani Pay

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Imagine you can't use your bank account to buy digital assets like Bitcoin or Ethereum. That's the reality for Nigerians since 2021, when the Central Bank put a block on crypto transactions. This move has everyone talking - is it a wise decision or a missed opportunity? What do you think? Here's what we think. Slide through!

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Discover how Nigeria's National Blockchain Policy is shaping the nation's digital future. Dive into strategic insights from Mr. Ugoo Obi Partner and Head of Fintech & ICT at Perchstone and Graeys. Click the link to explore the strategic blueprint shaping Nigeria’s digital future. https://lnkd.in/dhGZVQpk #Blockchain #DigitalFuture #PerchstoneAndGraeys #Nigeria

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#MCM Profile: Ngozi Dozie – A Fintech Visionary Ngozi Dozie is the co-founder and Managing Director of Carbon, a trailblazing fintech platform that has revolutionized digital finance in Nigeria and beyond. Since its inception in 2016, Carbon has made significant strides, leveraging machine learning to provide real-time credit scoring for underbanked individuals. This innovation has democratized access to financial services, particularly for small businesses and individuals often excluded by traditional banks. Under Ngozi's leadership, Carbon has expanded its operations from Nigeria to Ghana and other African markets, proving its scalability and impact. The platform's success attracted international recognition, including investments from global firms like Y Combinator and Stripe. These partnerships have fueled Carbon's growth and positioned it as a key player in Africa's emerging fintech ecosystem. Ngozi’s leadership philosophy emphasizes innovation, collaboration, and empowerment. He fosters a culture of creativity within his team, driving solutions that address real-world financial challenges. Beyond his work at Carbon, Ngozi actively mentors young entrepreneurs, advocating for financial inclusion and the development of Africa's tech ecosystem. For aspiring entrepreneurs, Ngozi's journey underscores the importance of bold vision, strategic partnerships, and leveraging technology to solve pressing societal issues. His story is a testament to how determination and innovation can redefine industries and improve lives. As Carbon continues to grow, it remains a beacon of what’s possible when ambition meets opportunity. Entrepreneurs can learn from Ngozi’s focus on impact-driven innovation and his commitment to elevating Africa’s fintech space. #EntrepreneurshipTonic #ManCrushMonday #Fintech #InnovativeSolutions

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OPay, a Nigerian fintech startup, has experienced a significant increase in valuation, rising by over 30% since its Series C funding round in 2021 to nearly $3 billion. This growth is largely driven by the rapid adoption of digital payments in Nigeria, which has led to a surge in the use of fintech apps such as OPay and Moniepoint. As a result, OPay has seen a substantial increase in its user base and revenue, with a quadrupling of users and a 60% growth in revenue on a constant currency basis. However, OPay still faces challenges related to fraud and customer safety concerns, which have led to regulatory bodies tightening rules on account safety. Read more: https://lnkd.in/emQ_VbTk

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𝐌𝐚𝐣𝐨𝐫 𝐍𝐢𝐠𝐞𝐫𝐢𝐚𝐧 𝐁𝐚𝐧𝐤𝐬 𝐉𝐨𝐢𝐧 𝐙𝐨𝐧𝐞'𝐬 𝐃𝐞𝐜𝐞𝐧𝐭𝐫𝐚𝐥𝐢𝐬𝐞𝐝 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 First Bank, United Bank For Africa (UBA), and Zenith Bank Plc have officially become part of Zone's decentralised payment network, solidifying their commitment to advancing digital finance in Nigeria. This development follows Zone's recent securing of $8.5 million in seed funding led by Flourish Ventures and TLcom Capital LLP, as announced by Olayiwola Osoba, Vice President of Marketing and Corporate Communications at Zone. Osoba highlighted that Zone's new decentralised Point-of-Sale Payment gateway, ZonePOS, enhances its position as Africa’s leading payment infrastructure provider. Zone, a regulated blockchain network facilitating digital currency payments, emphasized its commitment to transparency and security. Osoba stated that integrating these banking giants into Zone's network signifies a step towards realizing a cashless society in Nigeria, ensuring fraud prevention and same-day settlements through automated reconciliation. Obi Emetarom, CEO and co-founder of Zone, expressed enthusiasm about the collaboration, emphasizing that the participation of First Bank, UBA, and Zenith Bank reflects growing confidence in Zone's technology. 

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Unlocking Financial Inclusion: How Fintech is Transforming Banking for Nigerians Fintech is breaking down the barriers to banking in Nigeria, bringing financial services to the unbanked and underbanked population. With over 40% of Nigerians still lacking access to formal banking services, fintech platforms offer mobile accounts, microloans, and savings solutions catering to the masses. By utilizing mobile technology and integrating with local banks, fintech is helping bridge the financial gap for millions. Key Takeaway: Fintech companies should focus on mobile-first solutions that provide affordable, accessible banking services to everyone.

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100Pay has launched a $200,000 startup fund aimed at promoting cryptocurrency adoption in Nigeria. This initiative is part of the company's broader strategy to integrate cryptocurrency payments into various businesses, leveraging its PAY Checkout platform. The fund will provide startups with the necessary tools and support to facilitate the integration of cryptocurrency transactions across different sectors, including e-commerce and mobile applications. In addition to the funding announcement, 100Pay has opened a new 4,000-square-meter headquarters in Port Harcourt, which signifies its commitment to expanding its operations across Africa. The CEO of 100Pay, Brainy Josh, emphasized that the company has already onboarded over 20,000 businesses and aims to enhance accessibility to cryptocurrencies for Nigerian enterprises. The startup fund is expected to benefit various companies, including Everest Mobility, Cloudnotte, and Meedleman. Furthermore, 100Pay is forming strategic partnerships with major technology and retail brands such as LG and Samsung to bolster its ecosystem. The company also plans to hire an additional 1,000 employees over the next two years to support its growth initiatives. #CryptoAdoption #100Pay #StartupFunding #Nigeria #Blockchain

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The FinTech ecosystem in Africa has been on the rise for several years now with Nigeria recording a number of Unicorns. That’s not to say building a Fintech product doesn’t come with it’s own challenges. Here are a few to take note of: 1.⁠ ⁠Regulatory reoadblacks FinTech regulations are complex and ever-changing. Understanding regional variations is crucial to staying compliant and avoiding a compliance fire. 2.⁠ Data Security Financial data is the ultimate treasure. Building a system with rock-solid encryption and access controls is key to protecting your users' trust and your business. 3.⁠ User Experience Balancing a user-friendly interface with ironclad security can be challenging. Prioritize a smooth experience without compromising safety. 4.⁠ ⁠The Integration dynamics Connecting your FinTech product to the existing financial system can be a tasking. Ensure smooth integration to avoid user frustration. 5. Innovation versus Value proposition Pushing boundaries is what FinTech is all about. But how do you stay innovative yet still focused? Careful research and calculated risks are the ultimate! Let us know your biggest FinTech challenge in the comments below! . . . . #Fintellia #Udara360 #UdaraCoreBanking #CoreBankingSystem #CoreBankingSystemForStartups #CoreBankingSystemForDigitalBanks #CoreBankingSystemInNigeria #CoreBankingSystemInAfrica #CoreBankingSystemForFintech #DigitalBanking #Udara360Banking #NextGenFintech #InnovationInFinance #FutureOfBanking #TechStartups #FinancialServices #BankingSolutions #FintechSolutions #FintechInfrastructure #StartupFinance #DigitalTransformation #UdaraForStartups #BankingInnovation

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Easy Transfer of Digital Assets with Taja! What to do? - Download the app and sign up - Link your bank account - Get a unique address - Send digital assets (USDT) and receive Nigerian Naira (NGN) fast Ready to start? Click the link in our bio!

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Nigerian investment startup, Rise has further solidified its presence in the African fintech landscape with the successful acquisition of Kenya’s stock trading platform, Invest with Hisa. This strategic move marks Rise’s second acquisition in less than a year, following its takeover of another digital trading platform, Chaka, in September 2023. The deal not only strengthens Rise’s position as a major player but also underscores the growing trend of cross-border consolidation in the sector. The acquisition of Hisa, which facilitates stock trading for Kenyan investors, grants Rise immediate access to the Kenyan market without the need for new licenses, as Hisa already holds the necessary regulatory approvals. This strategic move allows Rise to tap into the burgeoning Kenyan investment scene, which has seen a surge in interest in recent years, driven by increased smartphone penetration and a growing middle class. Click the link to read more: https://lnkd.in/dggw-G99 #innovationvillage #rise #hisa #stocktrading #finanicialmarket #stockmarket #financialservices #businessnews #kenyamarket #investment #techtrends #africabusiness

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