SWIFT partners with global and African banks on blockchain-based shared ledger
The network also wants its system to be compatible with more modern digital finance rails such as stablecoins
Kenya
USDC-issuer Circle backs CV VC’s $20M African Blockchain Fund
Circle joins the Swiss-based venture capital firm to invest in early-stage African blockchain companies over a period of ten years from 2022.
Nigeria set to tax individual crypto transactions and exchanges in 2026
Individual crypto transactions will now be subjected to a maximum of 25% personal income tax on profit made.
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.
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.