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Africa – DIGIT INFO

Africa

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Ripple Bets on Africa’s $3.2B Payments Giant to Push RLUSD Into Cross-Border Commerce

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Ripple invested in Flutterwave to bring RLUSD into African business payments through a major cross-border network. The deal connects Ripple’s dollar-backed stablecoin with Flutterwave’s $3.2 billion payments platform, targeting faster settlement, remittances, and commercial payment flows. Ripple Brings Its Dollar Stablecoin Into Flutterwave’s Payment Network Ripple is betting that stablecoins can become a bigger part … Read more

South African Reserve Bank Backs Payshap Over Digital Rand as Cassim Targets Real-Time Payments

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The South African Reserve Bank has decided to pause the immediate implementation of a digital rand despite successfully testing its technical feasibility. Digital Rand Trials Reveal Privacy and Speed Tradeoffs The South African Reserve Bank (SARB) has no compelling need to immediately launch a digital version of its currency, a top official said, citing significant … Read more

Economist Dawie Roodt Warns South Africans May Drop Local Currency as Crypto Rules Tighten

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A South African economist warns that the National Treasury’s proposed crypto regulations are an unenforceable attempt at state control that will ultimately backfire. The Push Toward Decentralized Tech South Africa’s continued reliance on exchange controls will push citizens toward cryptocurrencies and stablecoins unless the system is dismantled, Efficient Group director and chief economist Dawie Roodt … Read more

Namibia Judge Revokes Bail for Eight Missing Suspects in Crypto Fraud Trial

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Chinese nationals charged in an international cryptocurrency fraud and human trafficking ring in Namibia failed to appear in court and have been traced back to China. State authorities have requested Interpol’s assistance to locate them. Six Chinese nationals facing human trafficking and cryptocurrency fraud charges in Namibia have fled the country and been traced back … Read more

MTI Liquidators Face 9,441 Claims as $35.8M Estate Shrinks Before Payouts

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Liquidators of Mirror Trading International, a massive South African crypto pyramid scheme, have received over 9,441 claims totaling nearly $395 million. Shrinking Assets and Rising Legal Costs Liquidators overseeing the collapse of Mirror Trading International (MTI), once described as South Africa’s largest pyramid scheme, have received 9,441 claims totaling nearly $395 million (6.5 billion rands), … Read more

Nigerian Fintech Paga Expands Into Tokenized Bonds and Real Estate Through Sui Partnership

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Nigerian fintech pioneer Paga has partnered with the Sui blockchain to integrate cryptocurrency infrastructure into its platform. A Roadmap for Digital Finance Nigerian fintech pioneer Paga has entered a partnership with Sui blockchain, marking the company’s most significant push into crypto infrastructure to date. The collaboration was unveiled on May 7 at Sui Live in … Read more

Kenyan Court Detains Man 7 Days Over $440,000 Crypto App Fraud Probe

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A Kenyan court has ordered the weeklong detention of a man accused of operating a fraudulent cryptocurrency investment platform. Suspicious App Triggered Investigation A Kenyan court ordered the weeklong detention of the alleged operator of a fraudulent cryptocurrency-themed investment platform, as detectives investigate a multilayered scheme that collected about $440,000 from unsuspecting investors. The order … Read more

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