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    Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

    Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

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    South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

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    Hackers Attack Central Bank of Zambia

    Egypt’s Instabug Raises $46m Series B To Build Expand Product Capabilities

    Egypt’s Instabug Raises $46m Series B To Build Expand Product Capabilities

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    Kenyan Fintech Startup Flexpay Secures Funding From Cairo Angels Syndicate Fund

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    Ugandan Fintech Startup Eversend Plots Growth In 2022 After Reaching Sustainability

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    Oracle to Open new R&D Lab in Morocco

    Oracle to Open new R&D Lab in Morocco

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    Spotify launches new fund to support independent open source projects

    Spotify launches new fund to support independent open source projects

    Zenda gets $9.4M to streamline school fee payment and management

    Zenda gets $9.4M to streamline school fee payment and management

    Twitter accepts Elon Musk’s $44B acquisition offer

    Twitter accepts Elon Musk’s $44B acquisition offer

    LG’s  OLED TVs   Delivers Premium HDR Gameplay With G-SYNC Gaming Support

    LG’s OLED TVs Delivers Premium HDR Gameplay With G-SYNC Gaming Support

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    MTN Introduces Digital Multi-experience Platform with Tecnotree

    How Branch is Promoting Financial Inclusion in Nigeria

    How Branch is Promoting Financial Inclusion in Nigeria

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    Big Data Analytics and Master Data Management Are Key to Building a Customer-Centric Business Strategy

    Big Data Analytics and Master Data Management Are Key to Building a Customer-Centric Business Strategy

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    TallOrder,

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    LG Excites Customers with Energy-Saving Air Conditioners Amidst Ramadan

    LG Excites Customers with Energy-Saving Air Conditioners Amidst Ramadan

    Nigerian Startup Transfy Sees Strong Early Use of Payments Infrastructure, Plots Speedy Growth

    Pantami

    Cybersecurity: Nigerian Govt Direct MDAs to Migrates from Yahoo, Gmail to Government Top-level Domain

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    Nigerian Startup Meeula Unveils Smart Business Card Solution

    Cassava Technologies names Tesh Durvasula as CEO for Africa Data Centres

    Cassava Technologies names Tesh Durvasula as CEO for Africa Data Centres

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      Russian Internet users are learning how to beat Putin’s internet crackdown

      25 Telcos Masks Vandalised in Kenya as Communications Authority Moves to end Attack

      25 Telcos Masks Vandalised in Kenya as Communications Authority Moves to end Attack

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      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      Kenyan Retail-Tech Startup Bamba Raises $3.2m Seed Round

      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      South Africa Agri-tech Startup Nile Raises $5.1m Funding Round led by Naspers Foundry

      Hackers Attack Central Bank of Zambia

      Hackers Attack Central Bank of Zambia

      Egypt’s Instabug Raises $46m Series B To Build Expand Product Capabilities

      Egypt’s Instabug Raises $46m Series B To Build Expand Product Capabilities

      Kenyan Fintech Startup Flexpay Secures Funding From Cairo Angels Syndicate Fund

      Kenyan Fintech Startup Flexpay Secures Funding From Cairo Angels Syndicate Fund

      Ugandan Fintech Startup Eversend Plots Growth In 2022 After Reaching Sustainability

      Ugandan Fintech Startup Eversend Plots Growth In 2022 After Reaching Sustainability

      Trending Tags

    • Digital Economy
      Oracle to Open new R&D Lab in Morocco

      Oracle to Open new R&D Lab in Morocco

      Google is acquiring security intelligence firm Mandiant for $5.4B

      Google donates the Istio service mesh to the Cloud Native Computing Foundation

      Spotify launches new fund to support independent open source projects

      Spotify launches new fund to support independent open source projects

      Zenda gets $9.4M to streamline school fee payment and management

      Zenda gets $9.4M to streamline school fee payment and management

      Twitter accepts Elon Musk’s $44B acquisition offer

      Twitter accepts Elon Musk’s $44B acquisition offer

      LG’s  OLED TVs   Delivers Premium HDR Gameplay With G-SYNC Gaming Support

      LG’s OLED TVs Delivers Premium HDR Gameplay With G-SYNC Gaming Support

      Trending Tags

    • Features
      MTN new logo

      MTN Introduces Digital Multi-experience Platform with Tecnotree

      How Branch is Promoting Financial Inclusion in Nigeria

      How Branch is Promoting Financial Inclusion in Nigeria

      FedEx

      Microsoft Partners FedEx to Launch new Cross-platform Logistics Solution for e-commerce

      Big Data Analytics and Master Data Management Are Key to Building a Customer-Centric Business Strategy

      Big Data Analytics and Master Data Management Are Key to Building a Customer-Centric Business Strategy

      OZÉ

      Ghanaian Fintech Startup OZÉ Raises $3 Million Pre-Series A Funding Round to Expand

      TallOrder,

      South African POS Startup Raises $3.1 Million Series A Funding for Product Development

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      LG Excites Customers with Energy-Saving Air Conditioners Amidst Ramadan

      LG Excites Customers with Energy-Saving Air Conditioners Amidst Ramadan

      Nigerian Startup Transfy Sees Strong Early Use of Payments Infrastructure, Plots Speedy Growth

      Pantami

      Cybersecurity: Nigerian Govt Direct MDAs to Migrates from Yahoo, Gmail to Government Top-level Domain

      Meeula

      Nigerian Startup Meeula Unveils Smart Business Card Solution

      Cassava Technologies names Tesh Durvasula as CEO for Africa Data Centres

      Cassava Technologies names Tesh Durvasula as CEO for Africa Data Centres

      Medallion

      Nnamani: How Medallion’s Success Attracts more Players to Datacentre business

      TECNO announces world’s first telescopic macro lens for smartphones

      Largest darknet stolen credit card site closes

      Largest darknet stolen credit card site closes

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      • Lists
        Russian Internet users are learning how to beat Putin’s internet crackdown

        Russian Internet users are learning how to beat Putin’s internet crackdown

        25 Telcos Masks Vandalised in Kenya as Communications Authority Moves to end Attack

        25 Telcos Masks Vandalised in Kenya as Communications Authority Moves to end Attack

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      Home Digital Economy

      Meet Zuck Bucks – Meta’s Latest Digital Currency Concoction

      admin by admin
      April 7, 2022
      in Digital Economy
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      Zuck Bucks
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      Unfazed by the demise of its doomed digital currency Diem, Facebook is concocting another virtual token for the metaverse – Zuck Bucks.

      Intended for spending only on Meta’s network of sites, the digital token is aimed at keeping users from straying to rival networks like TikTok.

      Quoting people familiar with the project,the FT reports that Zuck Bucks would be controlled by Meta directly — much like the in-game currencies used on games such as Fortnite and Roblox.

      A spokesperson for Meta says the firm is “focused on building for the metaverse and that includes what payments and financial services might look like”.

      In addition, Meta is exploring ‘social tokens’ or ‘reputation tokens’, which “could be issued as rewards for meaningful contributions in Facebook groups, for example,” the FT reports. The company is also apparently looking into traditional financial services like small business loans.

      READ ALSO:

      Namibia Suspends Awarding New Telecommunications Licences

      Internal memos seen by the FT suggest that Meta is also exploring ways to monetize NFTs via “fees and/or ads”.

      A new study by Vista conducted among 2000 UK adults suggests that third of UK consumers view the metaverse as a new shopping destination, ultimately populated by most high street brands.

      According to the research, 59% of Britis are familiar with the metaverse and anticipate it will take around 15 years before it goes mainstream. Seventy-three percent of respondents predict it will be most popular with Gen Z and Millennials amongst all age groups.

      Tags: Zuck Bucks
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