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
Tanzania
Zanzibar introduces blockchain sandbox for startups
The archipelago in Tanzania wants to position itself as a hub for technological innovation.
Kenya and Namibia join 10 African countries on FATF grey list
This brings the total number of African countries on FATF’s grey list to 12, accounting for approximately 57% of all grey-listed countries.
Coinbase taps Yellow Card as on- and off-ramp partner for African expansion
Starting in February, Coinbase users in 20 African countries can buy USDC directly from the Coinbase Wallet App.
Tanzania moves to diversify its foreign reserves with gold
Tanzania’s local currency has seen record depreciation levels attributed to US rate hikes.
Nigeria received nearly $60 billion in crypto value in a year
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.
World Mobile launches its multipurpose global mobile app
However, due to regulations, the Cardano wallet and fiat on-ramp features are currently unavailable in Tanzania.