🟠 Circle backs CV VC’s $20M African Blockchain Fund

Plus: 🌍 USDC-issuer Circle backs CV VC’s $20M African Blockchain Fund 🇳🇬 Experts call Nigeria’s crypto tax regime “progressive”

Plus: 🌍 USDC-issuer Circle backs CV VC’s $20M African Blockchain Fund 🇳🇬 Experts call Nigeria’s crypto tax regime “progressive”

Circle joins the Swiss-based venture capital firm to invest in early-stage African blockchain companies over a period of ten years from 2022.

The two companies have already partnered on crypto card solutions with Bybit and S1LKPAY, which use USDC to settle transactions.

Kenyans can now trade BTC, ETH, USDT and USDC with the Kenyan shilling on the exchange

Plus: 🇰🇪 31% of Kenyan banks are warming up to crypto — CBK

The cohort marks Africa’s strongest showing yet — and comes as ecosystem grants increasingly serve as early-stage capital for blockchain startups navigating a tougher post-FTX funding climate.

Starting in February, Coinbase users in 20 African countries can buy USDC directly from the Coinbase Wallet App.

Plus: 🌍 | Worldcoin starts paying its orb operators in WLD instead of USDC 🇧🇼 | Botswana’s president advocates blockchain for transparent diamond production

The company expects all of its operators to be paid exclusively in WLD in November.