💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
EAST AFRICA | Kotani Pay Expands Crypto On/Off Ramp Services to Rwanda and Uganda
Kotani Pay, an African crypto on-ramp and off-ramp service provider, has announced its expansion into Rwanda and Uganda.
The startup, which closed a $2 million pre-seed funding round led by P1 Ventures in September 2023 offers software connecting blockchains to local payment networks such as mobile money where customers can withdraw their funds using USSD.
Fintech companies integrate Kotani’s technology seamlessly into the local payment channels accessing a reliable exchange service to reach a wider customer base.
Thanks to the platform, users can access the blockchain via Unstructured Supplementary Service Data (USSD). USSD is primarily used to interact with mobile phones by many users across the continent.
By entering the two markets, Kotani Pay enables local businesses and users to access a simplified and compliant on-ramp/off-ramp API.
In a press release, Kotani said the expansion serves as a game-changer for fintech firms seeking to bridge fiat and crypto assets.
“With Kotani Pay’s easy-to-integrate API, these companies can facilitate seamless cash-in and cash-out services, providing customers with effortless access to both traditional and digital currencies. This functionality supports fintechs in scaling their operations and addressing the increasing demand for agile, borderless payment solutions.”
“For Web3 businesses, Kotani Pay’s expansion means unprecedented opportunities to on-ramp users into crypto and off-ramp them into their preferred fiat currencies.”
The startup previously had operations in:
with plans to expand to:
“As we expand into Rwanda and Uganda, we are thrilled to support our clients in navigating these dynamic markets. This expansion empowers fintech and Web3 companies to enter with confidence, removing the payment and technical barriers that have previously hindered innovation.
We are committed to helping our current and future clients scale seamlessly across borders.”
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