The funds were raised to support the development of the startup's decentralized finance (DeFi) solut
Starting in February, Coinbase users in 20 African countries can buy USDC directly from the Coinbase Wallet App.
Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.
Numerous companies offering crypto products in Cameroon follow the Ponzi scheme patterns, resulting in losses, the study reads.
The acquisition will see Qala rebrand as Btrust Builders with a new focus on providing training in open-source Bitcoin software development.
South Africa, Liberia and Kenya led Nigeria for total funding. MFS Africa, Valr, Jambo, Ejara all feature in the report.
The move follows widespread calls for a change of currency and to end French representation in key decision-making bodies