Owning a Coral is owning a piece of climate action.
Not only does it represent the planting of real life coral.
It grants access to our Community Fund, that profits from climate tech.
One with nature I stand tall.
Giveaway Day 1 🎁
We're kicking off the holidays by giving away a @solanamobile Seeker 📱✨
Here’s how to enter:
1⃣ Follow Helio & @solanamobile
2⃣ Like & RT
3⃣ Comment Seeker
Hurry! Entries close in 24 hours! 🎅🎉
Happy B day fam. To celebrate we’re doing a big giveaway.
Today {24/04} was a the day Coral Tribe came to be.
The day that our community crystallised and our avatar set foot on the journey towards regeneration.
To date we have;
🔹Restored corals and mangroves across 5 conservations sites.
🔹Gathered one of the most renowned impact communities in the space.
🔹Secured the backing of major networks.
🔹Built ReFi Hub; a DeFI protocol tokenising real-world environmental assets.
With launch around the corner and the emergence of the $REFI - we are riding the wave.
Are you ready?
GIVEAWAY CELEBRATION 🎉:
👉To win a Coral NFT w/ chief crown + SOL Bonus
👉Like, comment & retweet to enter.
Thank you Emmy for showering me with 2,500 Diamonds and getting me to shamelessly tweet this out. If you're a Solana OG head to https://t.co/Todq56KGjh to claim the Diamonds you've earned
We did 20m+ in @solanamobile sales with @Shopify@solana usdc, paid $0 fees. The credit card sales cost us over $600k in fees on about the same volume. That’s 3 full time engineers. 🤯🤯🤯
Thanks https://t.co/nkwFCxI4hD!!!
https://t.co/tUtEm3Y3N9
Africa's Cross-Border Payment Transformation
The cross-border payments landscape in Africa mirrors the broader global financial revolution. As fintech continues to redefine the rules of financial transactions, Africa stands at the forefront of this transformation, offering invaluable insights into the future of money movement across borders.
Over the past four years, we've witnessed a massive shift in how cross-border payments are processed. Traditional methods, such as card transactions - which were the primary method of funding wallets - are increasingly being replaced by more direct and cheaper account-to-account transfers. This trend is particularly evident in Africa, where countries have seen a dramatic reduction in cash transactions. The rise of instant payments and digital wallets is revolutionizing how money moves, offering faster, cheaper, and safer alternatives to traditional methods.
African countries are embracing this change with open arms. In Nigeria alone, cash transactions dropped from 95% in 2019 to 80% in 2022, with instant payments' share quadrupling to 8%. This is a significant move towards a less cash-dependent economy, mirroring the global trend of declining cash usage. The adoption of digital currencies and stablecoins is also on the rise. Platforms like Eversend lead the way, using stablecoins in treasury management and settlement. These digital currencies promise even faster, more cost-effective, and secure cross-border transactions.
However, despite these advancements, traditional banking systems still play a vital role in the African financial landscape. Small and medium businesses across the continent continue to rely on local banking partners for their cross-border payment needs. A survey covering businesses in Nigeria, Ghana, Kenya, and South Africa revealed that 61% engage in cross-border payments, with nearly half using local banks. This preference is often due to existing business relationships and trust in traditional banking systems.
The fintech revolution in Africa is not just about cutting-edge technology; it's also about addressing the challenges of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT). Fintech companies are increasingly developing sophisticated technologies and protocols to ensure compliance while maintaining the ease and efficiency of transactions. This careful balance between innovation and security is critical in building trust among users and regulators, paving the way for broader adoption of these advanced payment methods. People are often surprised to learn that we can automatically identify high-risk activity using address screening or monitor transactions for AML/CFT and sanctions compliance while using stablecoins.
As fintech continues to evolve, our collective responsibility remains to steer this transformation towards a future where financial systems are efficient, inclusive, secure, and equitable. At Eversend, we have spent a lot of time building the infrastructure of the future to help serve banks, businesses, and individuals as the money movement landscape continues to evolve.
One of the things I am most excited about 2024 is the @CoralTribeNFT ReFi Hub, we are starting to see the bull Market and the capitalization opportunity for funding Sustainable #RWA is huge. Allocating capital for impact should be a game changer for the future of sustainability.
Update:
With SOL now surging past ETH's 7-day NFT volume by $20 million dollars
It now only trails ETH's total December volume by $42 million.
It will be close, but there is a chance that SOL manages to overtake ETH in monthly volume for the very first time.