TECH ROUNDUP: CBN says no deadline for cashless policy

• A top CBN executive now says that there is no deadline for going cashless

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• Twitter removed the “verified” badge from the New York Times’ main account

• African tech startups raised US9,303,000 between January 1 and March 31 this year, down 57.2 per cent from 2022

The CBN now says that there is no deadline for going cashless after the supreme court halted its shabby cashless policy that sent the market into freefall with cash scarcity. “There is no deadline for going cashless, we are just presenting options that will widen payment platforms and make them available for Nigerians.” The CBN Assistant Director, Payment System Management, Chika Ugwueze said at an event yesterday.

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African tech startups raised US$649,303,000 between January 1 and March 31 this year, down 57.2 per cent on the total from the corresponding period in 2022, as the sector begins to feel the bite from the global economic climate, a new report from Disrupt Africa shows.

SOCIAL MEDIA

Twitter removed the “verified” badge from the New York Times’ main account, a move that billionaire owner Elon Musk pushed for after learning that the news organization would not pay for its Twitter Blue service.

Spotify is shutting down its live audio app Spotify Live, but says it will continue experimenting with live features in its main service. “After a period of experimentation and learnings around how Spotify users interact with live audio, we’ve made the decision to sunset the Spotify Live app. We believe there is a future for live fan-creator interactions in the Spotify ecosystem; however, based on our learnings, it no longer makes sense as a standalone app,” a Spotify spokesperson said.

WORLD NEWS

Apple’s CEO Tim Cook said in a GQ profile that virtual reality will greatly enhance human interaction with each other in the future. “The idea that you could overlay the physical world with things from the digital world could greatly enhance people’s communication, people’s connection,” he said.