Africa Witnesses Financial Inclusion Growth With Blockchain-Powered Payment App

  • Alex Dovbnya
    📰 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

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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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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