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Mt.Gox Files For Bankruptcy Protection, Says 850,000 Bitcoin Lost
Mt.Gox has filed for bankruptcy protection and has outstanding debt of about $63.6 million, a lawyer for the Bitcoin exchange said today during a press conference at the Tokyo District Court, reports the WSJ.
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- digital payments
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Kiva Partners with Vittana to Bolster its Student Loans Program
Kiva is one of the microfinance pioneers, helping entrepreneurs and small businesses secure loans from backers who give as little as $25. The platform, which has been around since 2005, has collected over $500 million in loans from its million-strong community.
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BlackBerry plans mobile money services
Canadian smartphone maker Blackberry sees India as a key market for launching its mobile money services. The company plans to launch money transfer services on the Blackberry Messenger platform in partnership with local banks.
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Unbanked consumers bypassing banks, going straight into mobile money, says Citigroup
Just as the mobile phone transformed the communications industry, it seems clear that mobile financial services are poised to transform the financial sector. Speaking on the second day of Mobile World Congress 2014 here in Barcelona, Michael Corbat, chief executive officer of U.S. multinational financial services company Citigroup, made the point that while more than 3 billion people have a mobile phone, only 2 billion people have a bank account.
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Mobile banking spreading to Asia and Latin America
Mobile money services for people without access to the traditional financial system are spreading at an increasing pace beyond Africa, according to a report released yesterday (24 February) at the Mobile World Congress 2014 in Barcelona, Spain.
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MTN and Ecobank offer Ghana subscribers access to cardless ATM services
MTN Ghana has partnered with Ecobank for the extension of cardless services to the bank’s ATMs across Ghana, allowing more than two million mobile money subscribers in the country to withdraw from Ecobank ATMs without using a card.
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Kenya’s Equity Bank Seeks Share of Telco Business
An Equity Bank branch in Dadaab. In a move likely to upset the applecart in the telecom sector, Equity Bank has applied for a license to operate a mobile telephone business.
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- Sub-Saharan Africa
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Mt.Gox Site Disappears, Bitcoin Future in Doubt
What was once the world's largest trading platform for bitcoins is now a blank page.
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