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Instagram will start asking suspicious accounts to verify their identity with a government ID

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Instagram will begin requiring accounts it deems suspicious to verify their identities using a government-issued ID.
In its blog post, Instagram says this move is meant to help the company understand when accounts are “attempting to mislead their followers” and keep the Instagram community safe.
“This includes accounts potentially engaged in coordinated inauthentic behavior, or when we see the majority of someone’s followers are in a different country to their location, or if we find signs of automation, such as bot accounts,” the Instagram blog said.
It’s unclear what this policy means for Instagram accounts not associated with a name, or those in which revealing their name could cause harm.
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Instagram plans to start asking accounts it deems suspicious to verify their identities using a government-issued ID.

The new policy is intended to target accounts from which Instagram sees “a pattern of potential inauthentic behavior,” Instagram said in its announcement. If an account asked to verify its identity declines to do so, Instagram says it may disable the account or “receive reduced distribution” — meaning its posts are down-ranked in followers’ feeds.

“This includes accounts potentially engaged in coordinated inauthentic behavior, or when we see the majority of someone’s followers are in a different country to their location, or if we find signs of automation, such as bot accounts,” Instagram wrote.

However, it’s unclear what this policy means for Instagram accounts not associated with a name, and raises privacy concerns for accounts through which revealing their identity could cause harm — like accounts organising Black Lives Matter protests, or those using the platform to share sensitive information.

In its blog post, Instagram says this move is meant to help the company understand when accounts are “attempting to mislead their followers,” and keep the Instagram community safe.

The list of the types of IDs Instagram accepts reads like the options of items you can bring to get a license at the traffic department. If you don’t have a government-issued ID, like a passport or a driver’s license, Instagram accepts paycheck stubs, mail, bank statements, or credit cards.

Instagram did not respond to Business Insider’s request to explain its definition of a “suspicious” account. An Instagram spokesperson said they would provide comment to Business Insider, but did not respond by the time of publication.

The push to verify the identities of accounts comes just months before the 2020 election, amid a push from Instagram’s parent company Facebook to combat scrutiny it doesn’t do enough to fight misinformation and inauthentic activity. Back in late 2018, Instagram said it would start cracking down on fake and inflated likes, follows, and comments generated by third-party apps and bots on the platform.

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Nigerian first cryptocurrency payment processor “FinRik” and it’s native stablecoin “Wavycoin” set to launch

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CEO and founder of Wavyvibrations Inc and Roadkit Awoniyi Segun Gbenga has unveiled plans to launch FinRik, a cryptocurrency payment processor, with the aim of making automated crypto payment easy in Nigeria.

Awoniyi Segun, the founder and CEO said “What we are here to do is very simple, we want to maximize the potentials of virtual currency and bridge the gap between it and the Nigerian economy, because Nigerians trade crypto’s daily but sadly  it has little or no effect on our struggling economy, so we are building a structure that will enable people transact swiftly with there virtual currency” in a tweet addressing potential users he stated further “FinRik at its best is a community with payment processing function, business development section, Roboadvisor, e-commerce, secure crypto wallet, real estate, e-ticketing, we are listing BTC, XRP, Eth, Usdt, Litecoin immediately we launch even though we want to give you a way to use your crypto to make easy and automated transactions we still recognize the fact they crypto’s can be very volatile, that’s why we are working on creating our own stablecoin (Wavycoin, WVY) which will be built on Ethereum and Binance blockchain”

FinRik is expected to go live in Q2 of this year, while the platform’s digital currency Wavycoin is expected to be listed by next year, according to what we gathered from the firm, FinRik users account will come with Multifaceted and highly secured wallet to safely secure there securities and the firm will be listing BTC, Eth, XRP, Litecoin, USDT as they launch, furthermore users will be able to access business development tools, as a unit of the company will be dedicated to developing and managing of businesses using business intelligence and data science, the firm also possess an e-commerce wing that enables users to create online store within three minutes with access to high tech tools that will aid their business growth and presence online and most especially they will be able to get paid by there customers using crypto.

The platform’s cryptocurrency project Wavycoin is expected to be built on Ethereum ERC-20 blockchain and Binance smart chain contract the crypto development project is under the company’s subsidiary FinRik financial institute, a section for financial advise that is also working on developing its own Roboadvisor soon, likewise the tech company’s proptech section.

Join FinRik’s waiting list on FinRik.com to be notified when they go live

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Young Nigerian entrepreneur Boluwatife Joseph to launch new digital bank to bank the unbanked

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Boluwatife Joseph Olayinka CEO and founder of Motive Mall

A team of experts led by Boluwatife Joseph Oluyinka ( Current CEO and Founder of Motive Mall ) has unveiled plans to launch 2STO, a new digital bank to serve the needs of young professionals and the unbanked.

Boluwatife , the founder and CEO said: “ We are building a digital bank for everyone including young professionals, busy people climbing the corporate ladder with complex financial needs, who would benefit hugely from personalised service and financial planning insights, but who struggle to access them in their traditional form.”

Banking is broken and our mission is to fix it by making it easier for busy people with complex needs to achieve their financial goals. Traditional banks continue to exploit busy people by providing poor value, impersonal service, and the first wave of commercial banks have failed to break that inertia because they are too busy battling to win current accounts that most people don’t want to switch.”

2STO is your fully digital bank! 2STO is designed for your smartphone, free of bank charges and great at helping you spend smartly and save more.

With 2STO, Banking is now Completely paperless. Sign up anywhere on your Mobile. You can deposit Money into your 2STO Account and start spending and sending easily. Instantly Open a Personal Account or Business Account. Business Accounts powered by 2STO can do so much!

Every 2STO Account Holder and User also has a cashtag (username) and QR they can use to make internal transfers between themselves. Internal transfers are free and never fail. No need to provide your full bank details to the public anymore. Just provide your 2STO tag or QR.

Why should you bank with 2STO?

– Your Deposits are insured.
– Instant Account Opening, both personal and business
– Zero Transfer Fees and Account Maintenance Fees
– Free Debit Cards ( Virtual & Physical )
– Virtual Cards
– Budgeting, Instant Loans and Savings
– Send and Receive Money Instantly
– Top Security 

And many more!

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FG extends NIN-SIM linking

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The continuous National Identification Number and Subscriber Identity Module integration practice has been stretched out by about two months, the Federal Government declared on Tuesday morning.

It said the new deadline is currently April 6, 2021.

Chief, Public Affairs, Nigerian Communications Commission, Ikechukwu Adinde, who uncovered this said the expansion was passed on by the Minister of Communications and Digital Economy, Isa Pantami.

Pantami passed on the message during the gathering of the Ministerial Taskforce on NIN-SIM enlistment which hung on the first of February, 2021. ‌

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