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.
Crypto in Africa
Crypto is legal in Nigeria — until the bank disagrees
Nigerian banks continue to flag accounts interacting with cryptocurrencies; arrests haven’t stopped, and confusion persists over what the law actually changed.
Stripe goes global with stablecoins — but skips Africa’s big four
Previously, Stripe could only serve 46 countries. Now, the firm’s product is available in more than 100 countries excluding Africa’s big four.
Quidax’s CEO Okoro appeals for global collaboration to grow Africa’s crypto ecosystem
Okoro, who spoke at Coindesk’s Consensus 2025, said Africa’s crypto potential will remain locked unless global stakeholders partner with local ones.
Mastercard to enable stablecoin card transactions with Moonpay partnership
Holders of Mastercard-issued cards will be able to conduct transactions directly with their stablecoin balances
Zap Africa is rebuilding crypto trust in Nigeria — while fighting to protect its name
The startup offers non-custodial swaps, is developing its own wallet, and believes user control is key to adoption.
Stablecoins grossed more transaction volume than Visa in 2024 — Report
Bitwise says data shows more institutions and businesses are turning to stablecoins