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.
Morocco
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.
Moroccan authorities crack down on property purchases with crypto
The government believes individuals pay in crypto to avoid official channels.
Morocco remains in top 20 for global crypto adoption despite ban — Chainalysis
Egypt, previously ranked as the fastest growing crypto economy worldwide, dropped out of the top 30, according to Chainalysis’ Geography of Cryptocurrency report for the MENA region.
Binance provides crypto aid to Libya flood victims amidst controversies over possible PR motives
Critics have labeled the act by the global cryptocurrency company as a publicity stunt to launder its embattled image.
IMF and World Bank to proceed with annual meetings in Morocco in October
There are concerns about the earthquake affecting the meetings in Marrakech since it is expected to bring a crowd of 10,000-15,000 people to the city.
Binance airdrops $3 million in crypto to Morocco earthquake victims
Binance will airdrop $10 in BNB to active transacting users throughout Morocco, even if they reside outside the most affected areas.