The acquisition will see Qala rebrand as Btrust Builders with a new focus on providing training in open-source Bitcoin software development.
Another contradiction about the project was the storage location of the collected data.
Users will only be able to access their funds as the company makes profit.
Riskbloq CEO says regulatory clarity in South Africa is helping more investors pivot to crypto assets.
The training will focus on aspiring blockchain developers in Nairobi, Kenya.
Cheng Cheng, COO and co-founder of DeFi lending platform Jia, believes that support from big financial institutions will help scale DeFi loans in Africa.
The project, Changeblock, uses blockchain for carbon trading, letting companies offset excess emissions via verified reduction projects.