Big on wallets, light on volume: Africa’s crypto paradox
Africa is seeing high crypto wallet adoption, but actual usage and value remain limited. Experts say economic realities, short-term utility and product gaps help explain the disconnect.
Adoption
Tether partners with the Republic of Guinea to drive blockchain adoption
The parent company of the USDT stablecoin will primarily look to advance blockchain education in Guinea.
StarkWare launches $4M fund for African blockchain projects
The fund looks to empower six to eight African blockchain startups yearly through grants, venture investments and accelerators.
Kenya issues draft policy on virtual assets regulation
The country is also asking for public input as it moves one step closer to establishing crypto rules.
Baxi, FairMoney, and KongaPay join Zone’s decentralized payment network
These fintechs follow the steps of other notable Nigerian tradfi banks in implementing Zone’s blockchain-based payments processing network
Core DAO launches a $5 million Africa blockchain fund
Dubbed the “Core African Innovation Fund,” the initiative seeks to support blockchain projects in Africa.
Why Africans should embrace crypto to safeguard savings against inflation and currency devaluation
Crypto is helping Africans protect themselves from the harsh realities of inflation via saving in assets like stablecoins.