Tags: Forex

The CEO and co-founder of neobank Canza Finance claims that utilizing Baki for foreign exchange trades in Africa creates a hub for African businesses to participate in intra-African and FX trades at a reduced cost.

This reduces the likelihood of artificial price differences between the naira and cryptocurrencies in different markets.

If initial tests are successful, the firms will expand their activities into tokenized credit issuance and equities.

Today in Crypto: Poloniex Partners with Mercuryo on Crypto Purchases, Hong Kong Hunting Six Scammers, DFINITY Foundation Launches ‘Twin’ Token ckBTC

A report suggests companies are able to register in the U.K. very easily which makes them appear more credible to potential scam victims.