Kamari and ZeU Crypto to build digital gaming and lottery applications
By Nikita Chaurasia  Date: 2019-12-07

Kamari and ZeU Crypto to build digital gaming and lottery applications

Kamari, a leading project building blockchain infrastructure throughout Africa has recently announced a joint venture with ZeU Crypto Networks, a Canada-based blockchain technology development firm. Under the joint venture, the companies will build digital gaming and lottery applications that will run within the Kamari ecosystem. The lottery applications will potentially serve millions of users across multiple countries in Africa.

To build this ecosystem, the firm has procured national lottery licenses from multiple African countries. After the creation of infrastructure and the product launch, the company will be able to market to over 50 million adult customers exclusively.

As per sources close to the matter, the development of lottery and gaming applications will eventually integrate with the Kamari mobile wallet. ZeU Crypto Networks will handle the technical development of these applications. The company will also provision use of the KAM currency in its applications and in the MulaMail Marketplace, which will further allow email users to exchange tokens between themselves and have access to the service offered by Kamari Ecosystem from within their email application. ZeU Crypto Networks’ Mula planned P2P (peer-to-peer) microlending will also be compatible with the Kamari ecosystem.

Dr. Chris Cleverly, Chief Executive Officer, Kamari, was reportedly quoted saying that the firm envisions a new type of infrastructure that will unlock financial benefits for millions of people. This joint venture has offered a big opportunity to transform many lives and provide them with a fundamental infrastructure which is much more effective and efficient than countries in the Western world.

The companies are looking forward to establishing a joint venture entity which will oversee the development as well as deployment of an integrated ecosystem. The partners are likely to initiate in short order P2P e-commerce initiatives in eSport, gambling and gaming through participants of Kamari projects operating on ZeU protocol.
 

Source Credit: https://finance.yahoo.com/news/kamari-zeu-crypto-announce-joint-153800342.html

About Author

Nikita Chaurasia    

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

New York planning on direct purchase of Pfizer’s COVID-19 vaccines
New York planning on direct purchase of Pfizer’s COVID-19 vaccines
By Nikita Chaurasia

In recent developments, Governor of New York, Andrew Cuomo has reportedly issued a letter to the CEO of American drug maker Pfizer Inc., Albert Bourla, requesting for direct purchase of COVID-19 vaccine doses. Although the company is not bound to any...

Mayo Clinic Laboratories forms alliance with American Hospital Dubai
Mayo Clinic Laboratories forms alliance with American Hospital Dubai
By Nikita Chaurasia

In recent developments, Minnesota-based Mayo Clinic Laboratories and American Hospital Dubai are reportedly planning on entering a strategic alliance which is aimed at enhancing advanced laboratory diagnostic services in Dubai. Under the terms of th...

LTI, IBM extend global partnership to spearhead digital transformation
LTI, IBM extend global partnership to spearhead digital transformation
By Nikita Chaurasia

The New York-headquartered IBM Corp., with its global partner Larsen Toubro Infotech, an Indian global IT solutions & services company, are planning to extend their multi-year partnership, in a bid to enable companies to revolutionize the busines...

Algae cultivator Qualitas Health raises USD 10 million in funding round
Algae cultivator Qualitas Health raises USD 10 million in funding round
By Nikita Chaurasia

In recent developments, privately held food and nutrition company Qualitas Health Inc. has reportedly secured USD 10 million in venture funds, as it looks to broaden the reach of its plant-based protein and omega-3 business. The company was appraised...

China touts plans of launching national ETS to attain carbon neutrality
China touts plans of launching national ETS to attain carbon neutrality
By Nikita Chaurasia

According to reliable sources, the Chinese government is expected to launch the much anticipated national emission trade scheme (ETS) by mid-2021 as a part of the country’s efforts of achieving carbon-neutrality by the year 2060, through market...