Bitcoin-powered remittances from Europe to African bank accounts are now possible
African cryptocurrency company Bitnob has partnered with European exchange CoinCorner to facilitate remittances over the Lightning Network.
Kenya
Kenyan lawmaker introduces crypto taxation bill
Cryptocurrency exchanges and traders in Kenya will be required to pay tax on every transaction if the bill is passed.
BIS survey finds differing motivations in African CBDC adoption
More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.
October 2022 inflation report: Consumer prices are rising at a slower pace in many African countries
Zimbabwe’s inflation has slowed for the second consecutive month as East African countries report double-digit rates.
September 2022 inflation report: Food prices have become Africa’s main inflation driver
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.
Five African projects receive grants from Interledger Foundation
The projects are to build financial services products on the Interledger protocol.
Nigeria beats Kenya in Mara’s blockchain hackathon
The participants built USDC-enabled payment tools that use M-PESA and USSD as on- and off-ramp rails.