Africa Witnesses Financial Inclusion Growth With Blockchain-Powered Payment App

UK fintech company Humaniq focused on providing payment solutions, is expanding its dominance in Africa with 21 countries already using its Blockchain-based payment app

Tue, 4/09/2018 - 15:40

Africa Witnesses Financial Inclusion Growth With Blockchain-Powered Payment App

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Humaniq, a UK fintech company that is focused on providing payment solutions for unbanked people, is expanding its dominance on the African market with 21 countries already using its Blockchain-based mobile payment app.

The company is reportedly planning to further explore Africa, but it may hit a snag because of regulatory hurdles. The problem is that the majority of African countries are yet to develop a common-sense regulatory platform for cryptocurrencies and Blockchain, so they basically remain in a legal grey zone. Humaniq will only operate in those regions where it can be fully compliant with local regulations.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.