The inside story of how an ambitious African cryptocurrency startup failed ...Middle East

Quartz - Economy

In 2018, three intrepid entrepreneurs from Angola, Ghana, and Nigeria undertook an ambitious journey to build a trading platform for digital currencies. One resigned from a high-paying job at Dell in Canada. They emptied their savings, building the firm with limited resources and stores of perseverance.Money started coming in from angel investors, friends, and relatives. They put together a token generation event, a crowdfunding mechanism for crypto startups, that initially raised $600,000. Altogether, the company, which they called KuBitX, raised over a million dollars.Over the next three years, they jumped from one ambitious project to another: a crypto exchange, then a blockchain payments

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Last updated : 05 July 2021 clock 11:15 AM

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The inside story of how an ambitious African cryptocurrency startup failed ...Middle East

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