iWeb, a technology development and services company, agreed to acquire Tingo Mobile, a device and a service technology company, for $3.7bn. "It has been noted in recent years the rapid adoption and deployment of Blockchain by the Telecoms Industry and the global announcements almost weekly of the acceptance of Crypto, we feel the marriage of TINGO with Coinfield leads us into perfect position for this natural evolution in Africa. Africa is a Continent that is showing great readiness and willingness to adapt and adopt to new technologies," Anthony Moore, iWEB CEO.