The African blockchain funding scene: More deals, less dollars
Nigeria saw the most deals done, but Seychelles maintained top spot in terms of deal value.
Tech
Tether expands African blockchain education initiative with Zanzibar partnership
The USDT issuer also wants to integrate USDT and XAUT into Zanzibar’s local payments system, ZanMalipo.
Xend Finance is enabling cNGN-powered investments in the Nigerian money market
CEO Ugo Aronu says the feature will provide a platform to attract foreign direct investment into Nigeria
PAPSS rolls out blockchain platform for African fiat exchange
Interstellar says 19 countries and several multinationals now use the African currency marketplace for cross-border transactions.
Visa expands stablecoin strategy into Africa with Yellow Card partnership
Both firms plan to explore opportunities to drive stablecoin adoption in treasury management and cross-border payments across markets where Yellow Card is regulated.
Blockchain enters the spaza shop: LovCash, Lisk and a major FMCG want to digitize informal trade
LovCash has deployed its platform on Lisk’s blockchain infrastructure to digitize transactions within the informal FMCG trade in South Africa.
31% of Kenyan banks are warming up to crypto — CBK
According to the CBK, banks highlighted that crypto and NFTs offer alternative avenues for payments and investments, with the potential to boost transaction speed and lower costs.