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FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents. million in 2016.

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Nigerian fintech Appzone raises $10M for expansion and proprietary technology

TechCrunch

It went live with its mobile and internet banking service in 2016 and launched an instant card issuance product in 2017. In 2020, the company launched services catered to end-to-end automation of lending operations for banks and blockchain switching. ” Image Credits: Appzone.

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Hundreds of Y Combinator alumni join crypto collective to back web3 startups

TechCrunch

The collective wants to use the crypto-native DAO formation to better incentivize its growing network to source deals. The effort is co-led by Ben Huh, who has co-founded a handful of startups and helped lead YC’s New Cities initiative back in 2016. ” Has Y Combinator’s new deal changed the early-stage investing game?

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Internxt gets $1M to be ‘the Coinbase of decentralized storage’

TechCrunch

Scotland’s MaidSafe has been trying to build an alternative decentralized Internet for well over a decade at this point — only starting alpha testing its alt network (aka, the Safe Network ) back in 2016, after ten years of testing. “We leverage and use the space provided by professionals and individuals.

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Utopia Labs is building an operating system for DAOs

TechCrunch

If you’re not familiar with the DAO explosion happening, what we’re seeing is communities come together around a thesis that in the past may have required an LLC or C-corp structure in order to execute instead turning to blockchain solutions. Basically, company structure governed by a smart contract instead of legacy legal structures.

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Bielefeld survey highlights an emerging B2B, crypto, deep tech ecosystem

TechCrunch

We are most excited by the adoption of Bitcoin as a financial asset by corporates and institutions as well as the ongoing network effect and adoption by the masses. Since Founders Foundation started in Bielefeld in 2016 the startup scene has exploded. What does it lack? We are strong in the cryptotrading ecosystem. What’s their focus?

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What a quarter century of digital transformation at PayPal looks like

CIO

Since 1998, the brand has evolved and grown in step with technology, and today, the size of its network and consumer use has made it a household name in digital payment systems. From 2016 to 2022, the company went from processing a payments volume of $354 billion to $1.36 trillion last year.