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As inflation and currency turmoil intensify across Sub-Saharan Africa and Turkey, crypto use is surging, signaling a pivotal shift that is fueling new momentum for Ripple’s expanding foothold in these rapidly evolving markets. Ripple Confirms Tremendous Traction as Africa and Turkey Reshape Demand Ripple executive Reece Merrick shared earlier this week on social media platform … Read more
The South African Reserve Bank (SARB) has added crypto assets and stablecoins to a new, monitored risk category, citing a massive surge in local crypto adoption. New Risk Category Established The South African Reserve Bank (SARB) has added crypto assets and stablecoins to a new, monitored risk category, citing the surging value of crypto holdings … Read more
African crypto exchange VALR has partnered with financial services platform Mukuru to launch a USDC wallet integrated into Whatsapp. Bridging Finance to the Masses via Whatsapp The leading African crypto exchange, VALR, has forged a significant partnership with Mukuru, a leading financial services platform, to launch a USDC wallet. Through this collaboration, VALR will provide … Read more
Ghana’s central bank is moving to regulate virtual assets, adopting a policy designed to foster responsible crypto innovation while guaranteeing a level playing field for all financial institutions. Balancing Innovation and Competition The Bank of Ghana (BOG) has acknowledged that the country currently lacks a dedicated legal framework for regulating virtual asset service providers (VASPs). … Read more
Flutterwave partners with Polygon PoS to power instant, low‑cost cross‑border payments across 30+ African countries. Polygon Labs and Flutterwave announced a multi‑year partnership making Polygon PoS the default blockchain for Flutterwave’s new cross‑border payments product, with a pilot for select Flutterwave for Business customers in 2025 and full availability to business and Send App users … Read more
The head of a Nigerian regulatory body warns that widespread gambling and crypto trading are diverting funds from the capital markets, undermining efforts to finance the country’s $150 billion infrastructure deficit. Capital Market vs. Risk Taking The Nigerian Securities and Exchange Commission (NSEC) is voicing concerns that the growing preference of residents for gambling and … Read more
HRF’s Bitcoin Development Fund awards 1 billion satoshis (10 BTC) to projects supporting privacy, decentralization, and dissidents. The Human Rights Foundation (HRF) announces 1 billion satoshis in grants from its Bitcoin Development Fund (BDF), funding open‑source development, censorship‑resistant communications, mining decentralization, and financial privacy projects across Asia, Africa, and Latin America. Grantees include Nymius, Daniela … Read more
The Nigerian government has reportedly formed a working group to explore the adoption of stablecoins. The New Stance on Digital Assets The Nigerian Federal Government has reportedly formed a working group to explore the adoption of stablecoins, signaling a significant shift toward embracing digital currencies. This initiative, announced by Central Bank of Nigeria (CBN) Governor … Read more
Tether has made an undisclosed investment in Kotani Pay, an African fintech platform connecting Web3 users with local payment channels. Strategic Partnership to Drive Financial Inclusion Stablecoin issuer Tether has announced a strategic investment in Kotani Pay, a leading African fintech platform that bridges Web3 users with local payment channels. The move marks a significant … Read more
Ripple’s latest move in Africa signals a bold stride for digital finance, teaming with Absa Bank to deliver institutional asset custody in South Africa and expand its blockchain infrastructure footprint across rapidly growing global markets. Ripple Expands in Africa With Major Custody Deal Ripple is advancing its presence in global finance as demand for blockchain-based … Read more
