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Africa Witnesses Financial Inclusion Growth With Blockchain-Powered Payment App

  • Alex Morris
    πŸ“° News

    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


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.
 


Cover image via u.today
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