To earn
To invest and earn return
To earn through discounts and giveaways
Free transactions
This is the new reality for your fledgling fintech wallet up
Paying bills and utilities and airtime purchases is not a differentiator
So far, most impressive crypto product offering I have come across is a bitcoin savings wallet earning 4% interest per year by Luno
One crypto product I think should exist is a custodial wallet that allows user to co-own bitcoin and other cryptos like a bitcoin Chama product
I would also add staking returns as a product for earning passive crypto income for example EOS staking earns 6% - 7% interest per annum. Interest in EOS
Some ideas for my fintech founder friends
Ps: I'm available for consulting on this cc my fintech founder friends
Broncho - Try Me Out Sometime
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Mpesa and Kenya’s commercial banks are seeking a deal with the Central Bank of Kenya (CBK) to avoid a unilateral regulatory extension of FREE M-Pesa and mobile banking transactions amid the spike in Covid-19 cases in the country businessdailyafrica.com/bd/corporate/c…
Safaricom’s chief executive, Peter Ndegwa, said the telco was in advanced talks with the CBK over the resumption charges on low-value M-Pesa transactions.
“We are not ready at this stage to announce when the free cash transfers end as we are still in engagements with the CBK,”
”Safaricom reckons that the FREE M-Pesa transfer cost it Sh9 billion in the six months to June, which saw the firm report a 6% drop in net profit to Sh33.07 billion—the first fall in nine years.”
What we mean when we say Decentralized Identity with blockchain key management system. The ability to (1) issue credentials that can be (2) verified remotely by (3) anyone after (4) Holders of such credentials approve
Black in mobile money and bank agents. They are responsible for Cash in and Cash out on the ground. Converting you cash to emoney, or emoney back to cash.
Sometimes agents are also bank agents for cash in to bank money or cashing out bank money via card or app
Bank branches also let you cash in and cash out bank money from your account. higher limits because it is a bank