Hello Venturer,There is no doubt that technological advancements in recent years have made our lives easier and more efficient. Since “necessity is the mother of invention,” every technological innovation is created to address a specific need.For example, technological advancements enable agent banking; banks can now bring financial services closer to the unbanked and underbanked members of society. All it takes is one individual, an agent banking smartphone application and a POS machine. Voilà! Technological innovation is also at the root of blockchains and digital banking. Both offer convenience and enhanced security. They also have the potential to drive financial inclusion, open up new doors and benefit businesses (leading to a $500 million valuation).Why this much talk on innovation and technology? Find out in our stories for the week.Hadassah EgbediEditor, Ventures Africa
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$500 million?!😳That's a lot of 💵.
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Hello Venturer,There is no doubt that technological advancements in recent years have made our lives easier and more efficient. Since “necessity is the mother of invention,” every technological innovation is created to address a specific need.For example, technological advancements enable agent banking; banks can now bring financial services closer to the unbanked and underbanked members of society. All it takes is one individual, an agent banking smartphone application and a POS machine. Voilà! Technological innovation is also at the root of blockchains and digital banking. Both offer convenience and enhanced security. They also have the potential to drive financial inclusion, open up new doors and benefit businesses (leading to a $500 million valuation).Why this much talk on innovation and technology? Find out in our stories for the week.Hadassah EgbediEditor, Ventures Africa