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How Blockchain Is Facilitating Financial Inclusion in Africa

Blockchain is becoming a word kindergarten children will learn soon. As often as we hear about it in the news, it is still a hot topic with a rapidly growing number of practical applications and experimentation being unveiled every other day. Today won’t be an exception, as another blockchain-based payment transfer network has launched instant money transfer in Nigeria. And there are two parts to the news that should excite a person. First – logically – is the fact that it is blockchain-based. And the second is the location.

Two companies, Stellar, the Stripe-backed open-source payment network, and Oradian, a cloud-based software provider for microfinance institutions in developing countries, have partnered to bring instant money transfers to Nigeria.

Image source: Stellar

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