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.
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.
Zimbabwe’s inflation has slowed for the second consecutive month as East African countries report double-digit rates.
At least 16 countries on the continent reported inflation rates higher than 10% in Sept. Zimbabwe's inflation rate slowed from 285% in Aug. to 280.4% in Sept.
The projects are to build financial services products on the Interledger protocol.
Zimbabwe continues to experience hyperinflation while other countries on the continent struggle to rein in rising consumer prices.