BitPesa Platform to Acquire TransferZero

BitPesa and TransferZero partnership should let the fast-growing platform plant deeper roots through UK and European licensing, bank accounts, and integrations
08 February 2018   782

BitPesa is an online payment platform that leverages Blockchain settlement aiming to lower the cost and increase the speed of business payments to, from and within sub-Saharan Africa.

On February 8 of 2018 BitPesa has announced that it acquires Transferzero, which is an online international money transfer solution for companies and the individuals in more than 200 countries.

BitPesa TransferZero announcementBitPesa announcement regarding TransferZero

Through the integration, the company plans to spead the licensing and bank accounts services wider to the Europe and United Kingdom.

BitPesa has the support of top-tier, institutional investors and a network that will help to bring TransferZero’s technology to the next level. With this support, we will be able to provide even more efficient transfers and user experience.

Luis Cambronero

former CEO of TransferZero, current MD at BitPesa

TransferZero headquarters will remain in Madrid, and will save the same brand name, but all of its employees will stay with BitPesa. The two companies working as one aim to explore regional and technological expertise together in order to accelerate month-to-month growth.

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   68

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.