Luno expands access to tokenized US stocks to Nigeria
Nigerians can now invest as little as ₦100 in stocks of companies such as Apple, Meta and NVIDIA through Backed Finance-owned xStocks.
Business
South Africa’s Altvest to raise $210 million for Bitcoin treasury reserve
The Johannesburg-based firm will rename itself Africa Bitcoin Corp. and hold the cryptocurrency on its balance sheet.
Ripple brings stablecoin RLUSD to Africa in partnership with Chipper Cash, VALR, Yellow Card
Ripple described Africa as a “natural next step” for RLUSD, citing increasing demand among businesses worldwide.
Superteam Nigeria: Inside Solana’s community-led adoption strategy in Nigeria
The community has incubated several notable projects, including cross-border remittance platform Ribh Finance and WhatsApp-based on- and off-ramp product Azza.
Mastercard expands partnership with Circle to enable stablecoin settlements in EEMEA
The two companies have already partnered on crypto card solutions with Bybit and S1LKPAY, which use USDC to settle transactions.
HoneyCoin secures $4.9M in seed funding for stablecoin-focused payment platform
The company announced that the new capital will be used to accelerate HoneyCoin’s scaling plans, expand its product suite, hire senior talent and strengthen compliance and licensing capabilities.
Western Union is working on stablecoin settlement systems in Africa — CEO
The tradFi giant sees stablecoins as an opportunity to innovate rather than as a threat, CEO Devin McGranahan said.