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.
Tech
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.
CAR to tokenize 1,700 hectares of land using meme coin
Touadéra announced that over 1,700 hectares of land in the region will be tokenized through the controversial Solana-based meme coin CAR.
UK-based crypto exchange Blockchain.com to expand into Africa
Blockchain.com has already began the process to set up a physical space in Nigeria while it looks to secure licenses in three other countries as well.
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.