Spacecoin takes on Starlink with blockchain satellites in Kenya
- Spacecoin has secured a transmission licence from Kenya’s Communications Authority to test blockchain-based satellite Internet services.
- Cognito Systems has transitioned from Six Labs to focus on AI and blockchain systems for businesses, aiming to automate inefficient processes.
- Paystack has acquired Ladder Microfinance Bank, allowing it to enter the regulated banking and lending space in Nigeria.
The advancements in the African tech sector, particularly with startups like Spacecoin and Cognito Systems, indicate a promising shift towards innovation and self-sufficiency. However, the challenge remains for these new entrants to effectively compete with established players like Starlink and to ensure that their solutions are scalable and sustainable in the long term.
