Former employees of Twitter’s only office in Africa have reportedly been “ghosted” by the company and have still not received severance pay months after being laid off, CNN reported on Monday, adding to the platform’s growing personnel problem following Elon Musk’s takeover as competition with Meta’s Threads heats up.

Terminated workers from #Twitter ’s office in Accra, Ghana, have still not received severance pay despite being fired as part of Musk’s severe staff cull more than seven months ago, according to CNN, citing several unnamed sources.Former employees, who spoke anonymously due to having signed non-disclosure agreements, told CNN they had accepted Twitter’s offer to pay three months of severance, as well as legal costs incurred during negotiations and repatriation costs for foreign staff.

The former employees—who have since been settled at other locations after agreeing the terms—noted this was less than what workers elsewhere were offered but said the company wore them down by being “non-responsive” and “ghosted” them until they’d agreed to its terms

Musk set about drastically reducing Twitter’s headcount almost immediately after he controversially acquired the platform for $44 billion in 2022. The cuts were deep—from 8,000 staff to around 1,500, a reduction of around 80%—and Musk said he had no choice given the need to cut costs. It was one of a number of unpopular changes Musk made to the platform, including changes to its verification scheme, introducing a paid version of the platform and overhauling content moderation policies, and left regulators and users worried Twitter would not have sufficient numbers to keep the platform running or meet its legal obligations. Advertisers have reportedly fled the platform in droves since Musk took over, ad revenue has plummeted and users are flocking to competitors, notably neophyte rival Threads. Tightly linked to Meta’s Instagram, Threads has managed to notch up more than 100 million users in less than a week and is shaping up to be one of Twitter’s biggest threats.#africa #Binance $BNB

The partnership is through Venom Africa.

Venom seeks to establish a “blockchain hub” in Africa.

The hub will focus on the development of Web3 and blockchain technology applications.

Just over fifteen days after launching the public testnet of its L1 blockchain, Venom Foundation has announced a strategic partnership with the Government of Kenya through Venom Africa. The partnership is a great step towards establishing a “blockchain hub” in Africa focusing on the development of Web3 and blockchain technology applications.

Expressing enthusiasm for the partnership, the Cabinet Secretary for Investments, Trade and Industry, in Kenya, Moses Kuria said:

“We are excited to work together with the Venom Foundation. This collaboration signifies the stance that we are taking towards next-generation technology and financial and technological developments in the world. We believe that the establishment of this blockchain hub will catalyze further innovations in various industries, benefitting our people both nationally and globally.”

CS Moses Kuria@HonMoses_Kuria

This partnership is aimed at driving innovation in key sectors like financial infrastructure, supply chain, agriculture, SMEs, and cross-border trade, in Kenya and the entire African continent.

Impact on financial services

Currently, more than 84% of the Kenyan population has access to financial services through banks and fintech.

The implementation of blockchain infrastructure will increase value for the population, create more opportunities for the Kenyan domestic economy, create new international trade routes and add efficiency to intra-African trade lines.

By advocating for the adoption of blockchain technology, Venom Foundation is seeking to endow African communities and create a bridge between traditional finance and trade with the web3 world. It also wants to stimulate regional economic growth by enabling seamless cross-border trade and transactions.

The population will benefit from:

Minimized transaction costs

Enhanced security and transparency

Increased access to financial services

Expedited settlement times for cross-border transactions

Creation of new investment opportunities through asset tokenization.

Economic development and financial inclusion across the continent.

Venom’s blockchain hub in Africa

The blockchain hub will be a central platform for building partnerships with innovative companies in Africa.

Venom will also supply crucial resources and tools to support African countries in developing a solid foundation for digital transformation including blockchain-based solutions for land registry, voting systems, and supply chain management among other areas. Venom will primarily be seeking to promote efficiency, transparency and trust across various sectors in Africa.

source: coinjournal

image source: ai

#blockchain #Web3 #news #dyor #africa

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

🖋 Nigeria is positioning itself as a leader in blockchain in Africa

🚀💡 Nigeria is in the midst of a blockchain revolution! This West African country is embracing this decentralised technology to transform its economy and improve the lives of its citizens.

💼🌍 Blockchain is opening up new opportunities for Nigeria. Sectors such as finance, agriculture, energy and education benefit from the transparency, security and efficiency offered by this revolutionary technology.

💪🔒 Blockchain is building trust and financial inclusion in Nigeria. Fast and secure transactions, mobile banking and international money transfers become accessible to all Nigerians.

📚👩‍💻 Blockchain education is growing in Nigeria. Universities and training institutes are offering programmes to train the next generation of blockchain experts, driving adoption and innovation in the country.

🌱💼 Blockchain startups are flourishing in Nigeria. Young entrepreneurs are creating innovative solutions that solve local problems and foster digital entrepreneurship, contributing to the country's economic growth.

🌍💡 Nigeria is positioning itself as a major blockchain player in Africa. The government is encouraging international collaborations and local initiatives to enhance the adoption of the technology and boost economic development.

✨🎉 The blockchain revolution in Nigeria is opening up new opportunities for the people. From financial access to employment opportunities, blockchain is positively transforming the lives of Nigerians and creating a bright future for the country.

#bitcoin #web3 #startups #finance #africa

Sales of Satoshi, a special edition plush toy, will be used to build a watering well in Africa.

San Diego, March 23, 2023: SHAmory, the educational Bitcoin company that produces STEM Authenticated and Reviewed books and games for all ages, is announcing a special edition African themed plush toy called a SHAmmy. The SHAmmy will be of Satoshi, SHAmory’s most famous Bitcoin monster from its popular lineup of characters found in its books and game.

With each sale, SHAmory will donate 21% of the gross sales to the Built With Bitcoin Foundation (BWB), a non-profit. The humanitarian organization provides clean water, access to quality education, sustainable farming, and humanitarian support—all powered by Bitcoin. The ultimate goal of the donation is to raise enough funds to build a new watering well in Africa. 

Fans can pre-order Satoshi today and the companies hope to begin shipping in May. The plush SHAmmy toy will also be ready for in-person sale at upcoming Bitcoin events, like Bitcoin 2023 in Miami, FL. The retail cost is $39.99 and the plush toy is also included in bundle packs alongside SHAmory’s game, books or other products for a discounted cost.

Some key features of the Satoshi SHAmmy plush toy include: 

Satoshi is holding a toy Bitcoin, with the outline of Africa and the Bitcoin ₿ stitched onto the design. 

Satoshi will include a QR code that will take people to a unique landing page on the SHAmory website. The landing page will include an overview of the project, a donation tracker, and a message from the team. 

Each Satoshi plush will come with a birth certificate authenticating the bitcoin block this project was born on and an area for your mini-HODLer to authenticate their adoption. We’d love to see all the places around the world the SHAmmy’s end up, so be sure to tag #PlaySHAmory and use #MySHAmmy!

In addition, the birth certificate for the first 300 Satoshi’s purchased will be authenticated as coming from the first batch of Satoshi’s created. This will provide the Satoshi HODLer with the proud feeling of knowing they were among the first to help create this watering well. 

The Satoshi SHAmmy plush toy and its focus on supporting philanthropic initiatives in Africa is a pilot project—the first of the SHAmmy line. SHAmory and the Built With Bitcoin Foundation hope to expand the SHAmmy line to include additional monsters representing different regions of the world. The sales of each individual new SHAmmy will go towards benefiting each specific region. 

Scott Sibley, Co-Founder and CEO of SHAmory, said: “SHAmory is dedicated to the continued growth of bitcoin awareness, education and adoption. We believe that learning can be fun and it can start at any age. It’s a great honor to know that the Satoshi SHAmmy toy will play a role in introducing Bitcoin into children’s lives and that each purchase will help give other children access to clean water.”  

Ray Youssef, Co-Founder of the Built With Bitcoin Foundation: “Bitcoin education is the key to mass adoption. Financial literacy should be a human right and SHAmory does an amazing job of educating kids about Bitcoin’s basic concepts. I’m honored to be working with SHAmory to both welcome the next wave of Bitcoiners and raise funds for a well project in Africa. Prosperity for all, powered by Bitcoin.” 

Yusuf Nessary, Co-Founder and Director of the Built With Bitcoin Foundation, said: “I’m proud to be a part of a community that strives for inclusion. Bitcoin is about the people and it’s our job to educate the next generation—they will be the ones to build upon Satoshi’s dream. I am proud to play a part in educating these young Bitcoiners while simultaneously raising funds for a new water project. There’s nothing better than the combination of philanthropy and education.” 

This announcement comes off the heels of SHAmory’s continued dedication to the Built With Bitcoin Foundation. The company’s past efforts include donating books and games to schools funded by the non-profit, as well as donating a portion of its sales during the Bitcoin 2022 conference to help build a water well in Africa. 

About SHAmory

SHAmory is one of the leading providers of Bitcoin educational products for all ages. Its flagship product, SHAmory, is a STEM Authenticated Bitcoin card game for kids and adults. Selected as Best in STEM 2021 by Newsweek magazine and STEM.org, it is the perfect mixture of fun and education for anyone interested in learning about Bitcoin. Learn the basics of how mining works while earning Bitcoin rewards for each block you mine. SHAmory players will not only have a blast while playing, they will also be exposed to key features that have kept the Bitcoin network secure over the past decade. This simple exposure will help individuals become more comfortable with Bitcoin and create the next generation of Bitcoin HODLers.

SHAmory recently expanded its product line with the books, Goodnight Bitcoin and If You Give a Monster a Bitcoin. Goodnight Bitcoin tells the story of Satoshi and Hal as they attempt to create the impossible, a new money called Bitcoin. If You Give a Monster a Bitcoin answers the question, “what would happen if you gave the SHAmory monsters a bitcoin?” Read along with your family and friends to learn how this simple act can send our little monsters down the Bitcoin rabbit hole and make the world a better place. You can purchase any of the company’s products directly on its website. Be sure to follow PlaySHAmory on Twitter, Facebook or Instagram.

About the Built With Bitcoin Foundation 

The Built With Bitcoin Foundation is a registered 501(c)(3) not-for-profit organization dedicated to creating opportunity by providing clean water, access to quality education, sustainable farming, and humanitarian support—all powered by Bitcoin.

Ray Youssef, Executive Director of the Foundation, alongside Yusuf Nessary, Director of Philanthropy of the Foundation, set up the Built With Bitcoin Foundation to provide people with access to education and water. To date, the foundation has built and repaired thirteen schools, seven solar projects, and over a dozen water and farming systems serving hundreds of thousands of people across the globe. 

#africa #water #donation