Nigeria-founded crypto bank Xend Finance launches new payment API. 2 other stories and a quiz

This list of stories will help you find out about the latest happenings in the tech world today

1. Nigerian Crypto Bank Xend Finance Launches New Payments API

A Nigerian global crypto bank, Xend Finance, has announced the launch of new payment APIs, XendBridge and SwitchWallet.

Ugochukwu Aronu, managing director of Xend Finance, confirmed the latest update in a press release on Friday.

Aronu noted that the APIs are free public wallet infrastructure and are supported by Binance and Google Launchpad.

The recent launch of XendBridge and SwitchWallet will add to Xend Finance’s portfolio of products available to access cryptocurrency payment and storage solutions.

Xend Finance, headquartered in Enugu, Nigeria, is backed by Binance, Google Launchpad, NGC Ventures, Hashkey, and AU21 Capital, among others.

“We have created a solution that makes it easy for any startup to send money from the US or Europe, as well as five major local currencies including Naira, USD, Euro, Cedis Ghanaian and the Kenyan shilling,” Aronu said. Explain.

Ripples Nigeria learned that Xend Finance recently surpassed 100,000 savers on its crypto banking app.

Tech Trivia: Creating a searchable list of records from a dataset is what?
A. Crawl
B. Filtering
C. Indexing
D. Limitation
Answer: see end of post

2. Inflation bites Twitter as Blue subscription drops from $2.99 ​​to $4.99

The popular social media platform announced the price increase of Twitter Blue from $2.99 ​​to $4.99 per month.

The microblogging platform confirmed the price hike in a statement seen by Ripples Nigeria on Friday.

Also read:SA’s health tech startup Augmental Technologies is expanding into the US. 2 other stories and a quiz

According to the statement, the new price upgrade will begin in October for existing subscribers and new users will currently have to pay the increased rate.

“This change helps us continue to develop some of the features you’ve requested, improve the ones you already love, and continue our mission to support journalism,” the statement read.

The new price is expected to affect the United States and other countries like Australia, Canada and New Zealand with new fees of 6.99 AUD (previously 4.49 AUD), 6.49 CAD (previously 3 .49 CAD) and 6.49 NZD (previously 4.49 NZD).

3. UAE’s Enhance Ventures launches $30m fund for builders

A venture capital studio based in the United Arab Emirates and Saudi Arabia, Enhance Ventures, has launched a $30 million construction fund, to create high-tech jobs and train more business leaders in Africa and around other countries.

The company made the revelation in a press release seen by Ripples Nigeria on Friday.

Improve claims to focus on creating innovative digital businesses for the Middle East, North Africa, Pakistan and Turkey.

Enhance Ventures Partner Mohammad AlHokail commenting on the new funding said:

“As a studio, we plan to accelerate the development of the ecosystem and increase activity between this ecosystem, starting with Dubai and Riyadh, and other more developed ecosystems.”

Enhance Ventures was started in 2015 by Alper Celen and Ritesh Tilani, headquartered at the Gulf Cooperation Council (GCC)

Trivial answer: indexing

An index is a list of data, such as a group of files or database entries. It is usually saved in a plain text format which can be quickly parsed by a search algorithm.

This greatly speeds up search and sort operations on the data referenced by the index.

By Kayode Hamsat

Join the conversation

Opinions

Support Ripples Nigeria, Support Solutions Journalism

Balanced and fearless journalism, driven by data, has huge financial costs.

As a media platform, we hold leaders accountable and we will not trade the right to freedom of the press and freedom of expression for a piece of cake.

If you like what we do and are willing to support solutions journalism, please donate to the Nigeria Ripples cause.

Your support would help ensure that citizens and institutions continue to have free access to credible and reliable information for the development of society.

Donate now