Sub-Saharan Africa now the third-fastest-growing crypto region, Chainalysis
Nigeria led the region with $92.1 billion in value received over the 12-month period, nearly three times that of South Africa.
Kenya
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.
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.
The African blockchain funding scene: More deals, less dollars
Nigeria saw the most deals done, but Seychelles maintained top spot in terms of deal value.
Sidebar: How governments can solve blockchain problems in Africa — Web3Bridge founder
Ayodeji Awosika, founder of Web3Bridge, believes that 70% of Nigeria’s problems can be solved if the government steps up to fix just education, infrastructure, and travel policies.
Luno re-enters Kenyan market after decade-long hiatus
Kenyans can now trade BTC, ETH, USDT and USDC with the Kenyan shilling on the exchange