In today’s fast-paced financial landscape, two powerful models have emerged as game-changers for underserved populations: microfinance and digital banking. Both aim to bring financial services to those excluded from traditional banking systems, but they do so in fundamentally different ways. As technology advances and the demand for inclusive financial solutions grows, the question arises: What…
Tether, the leading stablecoin issuer, has announced a groundbreaking profit of $5.2 billion in the first half of 2024. This milestone highlights Tether’s robust financial strategy and its expanding role in global markets. Key Financial HighlightsIn the second quarter alone, Tether’s net operating profit surged to $1.3 billion, a significant increase from the $1 billion…
The Mobile Revolution Kenya, with over 32 million smartphones in use, is undergoing a financial transformation. Mobile money platforms like M-Pesa have revolutionized transactions, allowing many Kenyans to save, send, and receive payments without traditional banking. This change has been pivotal for 44% of the population previously excluded from formal banking services. Now, a new…
