Author: Alex Reece

Ha! Cryptocurrency ‘isn’t real money’, Google takes a dig at miners

Ha! Cryptocurrency ‘isn’t real money’, Google takes a dig at miners

Business, Startups, Technology
Google has now taken a cheeky dig at the usefulness of cryptocurrencies. In a recent advertisement for its call screening service, the search engine giant mocked cryptocurrency’s high electricity consumption even going ahead to say that “it is not real money.” Starting June, Google banned all cryptocurrency related ads only to relax the rules later to allow select regulated exchange desks to advertise in the US and Japan. The latest video ad is perhaps trying to send a subtle message by advertising cryptocurrencies in its own content? Recently an industry player Vitalik Buterin, co-founder of Ethereum, indicated that the days of explosive growth in the blockchain industry have likely come and gone now the average person is aware of its existence. “The blockchain space is getting to
Taxify overtakes Uber in African cities

Taxify overtakes Uber in African cities

Business, Startups, Technology
Uber was the pioneer taxi hailing app in Africa, but that seems to be changing, the Estonian company Taxify is taking the fight for market share in Africa with Uber to places where Uber isn’t. Much of Taxify’s expansion has been due to being bankrolled by its recent $175 million capital raise—a funding round which valued the company at more than $1 billion. Taxify’s backers include Daimler, the German car giant and Didi Chuxing. In South Africa, Taxify is in fierce competition with Uber in Cape Town, Durban, Johannesburg and Port Elizabeth but has also expanded to Polokwane. It is set to also launch in East London later this month. In addition to Lagos and Abuja, the only two cities where Uber currently operates in Nigeria, Taxify has launched operations in Ibadan, Nigeria’s largest
Banks and Retailers Industry Tracking How Users Type, Swipe and Tap

Banks and Retailers Industry Tracking How Users Type, Swipe and Tap

Cyber Security, Internet, Mobile, social media
When you’re browsing a website and the mouse cursor disappears, it might be a computer glitch — or it might be a deliberate test to find out who you are. The way you press, scroll and type on a phone screen or keyboard can be as unique as your fingerprints or facial features. To fight fraud, a growing number of banks and merchants are tracking visitors’ physical movements as they use websites and apps. Some use the technology only to weed out automated attacks and suspicious transactions, but others are going significantly further, amassing tens of millions of profiles that can identify customers by how they touch, hold and tap their devices. The data collection is invisible to those being watched. Using sensors in your phone or code on websites, companies can gather thousands of da
PwC Reports AI Won’t Kill The Job Market

PwC Reports AI Won’t Kill The Job Market

Internet, Technology
It’s impossible to say precisely how artificial intelligence will disrupt the job market, so researchers at PwC have taken a birds eye view from the top down, and pointed to the results of sweeping economic changes. Their prediction, in a new report out Tuesday, is that it’ll all balance out in the end. More automation in trucks, factories and elsewhere could decimate around 7 million existing jobs in the UK by 2037. But the rise in robots and machine-learning software will make the country more productive over the next two decades, growing at a 2% annual clip, to put nearly the same number of jobs back in the system: 7.2 million, PwC estimates. To be clear those new jobs won’t involve building robots or coding AI-powered software, which will only make up around 5% of employment, sa
70% of Kenyans vulnerable to digital financial transaction fraud says USSD firm

70% of Kenyans vulnerable to digital financial transaction fraud says USSD firm

Cyber Security, Mobile, social media
Myriad Connect has concluded recent research that found that over 70% of Kenyans have been the victims of digital financial transaction fraud, or know someone who has. Other figures indicate 57% sms, 73% phone calls, 17% social media and 19% email were the channels through which Kenyan consumers were targeted to become victims of financial service transaction fraud. “Financial service transaction fraud in Kenya is costing banks billions and customers their life savings,” says Fabien Delanaud, GM of Myriad Connect. “While financial service transaction fraud is a global issue; Kenya has been a leader in the adoption of mobile and digital payments, which unfortunately brings with it a growing risk of fraud.” One of the most prolific forms of financial service fraud is SIM swap fraud, wh