#Adoption - Web3Africa

Why Altvest Became Africa’s First Publicly-Listed Firm to Add Bitcoin to Treasury Reserve

KenMichaelsSeptember 23, 2025September 23, 202509 mins

TL;DR, African Bitcoin Corporation becomes Africa’s first publicly-listed firm to adopt bitcoin treasury strategy, purchasing 1.00464 BTC and raising R3.68 billion to expand holdings. Equity route gives pensions compliant BTC exposure; dual-engine model blends operating cash flows with appreciating reserves to grow BTC per share via NAV premiums. The company’s “accretive dilution” approach incrementally builds…

Africa Records $205 Billion Crypto Flows Breaking Growth Records

KenMichaelsSeptember 19, 202508 mins

TL;DR, Africa’s crypto economy surged 52% to $205 billion, ranking third globally as stablecoins provide inflation protection amid currency volatility. Nigeria leads with $92.1 billion in crypto flows, while peer-to-peer platforms replace expensive traditional remittance services. Institutional adoption grows as South African banks offer digital assets and Nigerian regulators partner with Chainalysis for transparency. Africa’s…

Flincap CMO highlights Solana’s remarkable growth in African markets

KenMichaelsJuly 27, 2024September 2, 202508 mins

TL;DR, Solana in Africa demonstrates remarkable growth through vibrant community programs, local startup partnerships, and initiatives addressing financial inefficiencies despite regulatory challenges. Flincap’s CMO highlights Solana’s grassroots momentum through hackathons, educational workshops, and community engagement driving blockchain adoption. Local partnerships with startups like Rinh Finance and Cryptonia showcase Solana’s practical applications in remittances and financial…

EFCC Chairman Advocates AI Technology for Financial Crime Prevention

KenMichaelsJuly 16, 2024September 9, 202508 mins

TL;DR, Nigeria AI adoption strategy is being accelerated to combat the $88.6 billion lost annually across Africa due to illicit financial flows. The Nigerian government is restructuring blockchain policy committees and incorporating AI into security frameworks through NITDA initiatives. International cooperation and pressure on tax havens are essential for successful asset recovery, with Nigeria citing…

CBN Deputy Director Explains NFC Integration for Digital Currency

KenMichaelsJuly 25, 2023September 19, 2025010 mins

TL;DR, Nigeria’s Central Bank introduces NFC payment technology to the eNaira CBDC app, aiming to boost adoption rates after the digital currency’s disappointing performance since its 2021 launch. The CBN’s new NFC integration allows contactless payments through proximity-based transactions, featuring tokenization security and programmable restrictions to prevent fraud. Despite privacy concerns and cybersecurity risks associated…