Kenya currently lays claim to the world’s largest user base of mobile money. With over 25 million mobile money users in the country, Kenya seems to be a mobile developer’s dream when it comes to potential user base. However, as COSEKE’s Kevin Njoki told ITWeb Africa, developers face major roadblocks in monetizing apps despite the massive mobile money user base. At the heart of the difficulty lies a lack of open APIs from the country’s leading telecommunication companies.
Despite volatility and growing pains common in new markets, many believe that crytocurrencies like Bitcoin are going to revolutionize digital commerce. That has created a gold rush as entrepreneurs and companies move to take advantage of the opportunities Bitcoin has created.
Every year, Americans spend more than $3 trillion on healthcare, a figure that is projected to rise to $5 trillion in the next decade. With healthcare spending approaching 20% of the U.S. GDP, a huge effort is underway to control costs. Not surprisingly, many believe that technology has a key role to play in increasing efficiency and reducing unnecessary expenditures, and significant investments in technology are creating opportunities for healthcare technology businesses.
Of the many things that developers need to worry about when attempting to create a successful app, two points rise to the top. First, the app can’t crash, and second, it has to respond to user input quickly. This is easier said than done, however, thanks to a deck that’s stacked against developers. Crittercism spent a month collecting over 1 billion data points and determined which devices, operating systems, and networks best lead to stable – and profitable – apps.
Historically, entrepreneurs and businesses in need of capital to bring their ideas to life had limited options, such as venture capital, bank loans and credit cards. But thanks to crowdfunding services like Kickstarter and Indiegogo, it’s now possible for entrepreneurs and businesses to raise money from consumers willing to pre-order their wares.
Of all the markets being impacted by the booming API economy, perhaps none has seen as much activity and innovation as the payments space. The past several years have seen the launch of a number of disruptive and successful API-centric upstarts, including Stripe and Balanced. Meanwhile, entrenched players like PayPal and Verifone have responded with new offerings of their own.
It’s hard to get excited about developing applications if there’s no payoff for your efforts. That’s the general consensus arising among makers of Windows Phone applications, who are dissatisfied with the poor sell through of advertisements. With no money coming in from ads, some developers say they’ll have to start charging for their apps – or quit supporting Windows Phone.
Facebook’s $19 billion acquisition of cross-platform messaging service WhatsApp was obviously a boon for WhatsApp’s founders, employees and investors, but it also proved to be a good thing for several of WhatsApp’s biggest competitors.
On April 5, 2012, the Jumpstart Our Business Startups Act, or JOBS Act, became the law of the land in the United States. The JOBS Act, which contains significant reforms to long-standing rules around the sale of securities, is expected by many to completely reshape the way startups raise capital.
BitPay, virtual currency payment processor, has announced a beta trial for its new Bitcoin Payroll API. The API allows employers to offer a portion of employee pay in bitcoin.Targeted at employers and payroll service providers, the API allows employees to opt-in to receive a payroll deduction in bitcoin on a recurring basis.