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African Banks Jump Into Fintech Startups And Bitcoin To Ride The Prevailing Headwinds

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African banks, behind a times with fintech, could actually turn pioneers in building new financial technologies like a blockchain and bitcoin. Because these banks mostly left it adult to telecom companies to assume a purpose of financial use providers in parts of Africa, the banks are now investing in digital banking startups, according to Quartz Africa. The doubt is how prolonged will it take.

Mbwana Alliy, a handling partner during a Savannah Fund, a record try company, pronounced a headwind of fintech intrusion is floating from Europe and Silicon Valley into Africa. Blockchain creation is heating adult in places like Rand Merchant’s Alpha Code in Johannesburg, that hosted final December’s Afrikoin discussion and now operates a fintech accelerator, as good as Barclay’s Rise in Cape Town, that hosts Fintech Africa’s blockchain discussion on Feb. 25.

Blockchain Brings Africa Hope

Blockchain brings a guarantee of tracking and giving clarity to all exchange and creation them tamper-proof given particular exchange are not kept in a singular place though stored on computers globally.

Space Kenya Networks Limited,


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