Following its announcement to establish a Google Cloud region in South Africa, Google has teamed up with Coinbase to facilitate payment with cryptocurrencies for its cloud services. The partnership, which was announced at Google’s Cloud Next conference, will also see Coinbase move its data-related applications to Google from Amazon Web Services (AWS). The terms of … Read more
South African bank Nedbank has announced its entrance into the metaverse by acquiring a 12×12 village in Ubuntuland, Africarare’s metaverse. With this move, the bank establishes its presence as the first African financial services organisation to enter the metaverse. Nedbank did not disclose how much it paid for the land. According to their press release, … Read more
Blockchain is a distributed, unchangeable database that records financial transactions, monitors assets, and establishes a trustworthy network of participants. The concept may seem vague from afar, but come to think of it, a 19 year-old Nigerian is building his own blockchain. So, you can easily understand blockchain with the explanation we’ll provide in this article. … Read more
Image source: Bloomberg NFTs (or non-fungible tokens) appear to be everywhere at the moment. According to Forbes, these digital goods are selling like 17th-century exotic Dutch tulips and sales generate millions of dollars in nft marketplaces. As NFTs get more popular, the concept raises more and more questions. For example, how do you explain monkey … Read more