In Brief The CDP Summer Builder grant (crypto developer grant) offers up to $30K to African teams building blockchain apps with Base’s wallet, onramp, or swap API tools. Applicants must show real utility, strong MVPs, and deep CDP integration to qualify for funding. This grant boosts Africa’s Web3 growth by supporting impactful, real-world blockchain innovations….
PAPSS blockchain marketplace with Bantu and Interstellar simulated stablecoins enables dollar-free local currency swaps across 19 countries. Tackles 8.45% remittance fees (20% peak) and $1B trapped airline funds.
Victor Akoma-Philips: “We created stablecoin semblance for corporate settlements.” Wamkele Mene: “We must use our currencies.” Supports $220.3B intra-African trade (12.4% YoY growth) toward AfCFTA’s $3.4T market. Afreximbank launched 2022.
Kenya repeals 3% digital assets tax following unified industry advocacy, replacing with 10% excise duty on VASP fees, net trader cost drops to 0.1%. Swypt, Busha, HoneyCoin, Luno, GoChapaa + PwC presented case against transaction value taxation.
Kuria Kimani (Finance Committee): “Changed from transaction amount to fees charged when trading.” Section 12F Income Tax Act repealed.
Finance Bill 2025 moves to Senate, awaits President Ruto assent. VASP Bill 2025 licensing framework targets consumer protection. Kenya drafts East Africa crypto policy blueprint alongside Nigeria, South Africa
Asset Chain’s Nigerian Layer-1 blockchain launches gasless DEX eliminating transaction fees for USDT/cNGN trades. Ugochukwu Aronu: “We can’t keep contributing to other blockchains without getting value in return. We must have our infrastructure.”
Smart contract automation prevents P2P fraud in $59 billion Nigeria crypto market (2024). Tested at 20,000 TPS, 200 active traders target ₦100 billion ($65M) volume in 60 days. Beyond crypto, RWA tokenization (real estate, agriculture, bonds) via Risevest partnership offers 15% annual yield, building Africa for Africa.
1inch launches Unichain integration bringing $832M TVL and Ethereum-compatible Layer-2 infrastructure to multi-chain DeFi swaps. Double-layered MEV protection combines intent-based trading with Trusted Execution Environments preventing front-running and sandwich attacks. Unichain’s $344.2M stablecoin market cap (51% native) powers low-fee swaps while developers access Fusion, Balance, Spot Price, History APIs across Uniswap V2/V3/V4.
Sergej Kunz: “Deep Unichain liquidity accessible via 1inch provides best execution across ecosystems in one location.”
Visa crypto settlement expands to Africa through Yellow Card partnership, enabling stablecoin-based treasury operations across 20+ nations. Stablecoins comprise nearly 50% of Africa’s crypto transaction volume. Visa Direct integration allows corporations to hold USD liquidity in stablecoin form, mitigating FX risk and transaction lag. Yellow Card Chief of Staff Gillian Darko: “Corporates can hold USD liquidity, reducing FX risk and transaction lag.” Licensed in Botswana, South Africa, Zambia. New stablecoin product launching by end 2025.
In Brief Global business settlement is evolving with stablecoins, offering speed, transparency, and cost savings over legacy banking. Conduit’s fintech platform enables real-time, cross-border B2B payments powered by stablecoins and FX optimization. The firm’s regulatory focus and local partnerships support secure, scalable global settlement in emerging markets like Africa. Digital assets have refined global business…
Crypto payments in South Africa reach $112K monthly as 80% of Luno Pay users transact weekly across 31,000 merchants. Stablecoin adoption drives $1.1M in transactions since November 2024 at Pick n Pay, Dis-Chem, FlySafair, and Spur. Christo de Wit confirms shift from speculation to utility: “Customers use Luno Pay regularly for routine purchases.” With stablecoins settling $27.6T globally (exceeding Visa + Mastercard), South Africa’s regulatory framework enables daily crypto spending for groceries, flights, services.
TL;DR, Fuse Blockchain partnered with NexusPay to tackle the limitations of traditional financial systems in Africa. The partnership introduces stablecoin accounts, reducing conversion costs, boosting adoption, and strengthening Africa’s position in the global Web3 economy. The alliance leverages FuseBox Web SDK for gasless, secure, efficient cross-border remittances while enhancing security via account abstraction and recovery…
In Brief Crypto Ponzi schemes are now explicitly illegal under ISA 2024, with operators facing up to ten years imprisonment and heavy fines. SEC Nigeria gains authority to regulate digital assets, freeze scam-linked accounts, and enforce KYC/AML standards on all VASPs. Mandatory registration, enhanced investor protections, and global compliance benchmarks lay the groundwork for a secure, innovative…
You must be logged in to post a comment.