TL;DR, The quidax report shows 85% of Nigerian crypto investors earn under ₦250k ($171) monthly, using crypto as a utility for survival, not for high-risk speculation. Nigerian users overwhelmingly prefer Centralized Exchanges (88%) for their security and ease of use, valuing trust and stability over the ideological benefits of P2P or DEX platforms. Stablecoins are…
TL;DR, As kenya crypto law nears enactment, Sub-Saharan crypto hit $205B (+52% YoY), underscoring urgency for licensing, taxation clarity, and consumer protection. The Kenya VASP bill mandates local registration for exchanges, wallets, and custodians, enforces AML/KYC, and introduces a 3–5% digital asset tax. Kenya is creating a balanced regulatory approach—less restrictive than South…
TL;DR, Kotani Pay’s crypto on-ramp solution secured a major investment from Tether to expand its low-cost payment rails in Africa. The platform uniquely solves the last-mile problem by allowing users to convert stablecoins to local currency via mobile money, and even offers access through a USSD code for those without internet. This partnership is a…
TL;DR, Blockchain.com’s Nigeria-first rollout offers 100+ U.S. equities/ETFs as tokenized stocks via a DeFi wallet, with NGN funding and $10 minimum buys. This new feature breaks down investment barriers by offering fractional ownership, 24/7 trading, and the ability for Nigerians to fund their wallets directly with Naira. Competition is heating up (Luno, VALR)…
TL: DR, With Nigeria alone processing over $660 million in blockchain transactions, the Ripple-Absa partnership introduces regulated digital asset custody to meet Africa’s surging institutional demand. Ripple’s enterprise custody stack brings FSCA-aligned, multi-signature, cold storage and audit controls, giving banks a compliant, lower-risk path into tokenization. Absa moves from pilots to production—powering treasuries, tokenized portfolios,…
TL;DR, With 1M users and $2B processed, Raenest’s stablecoin accounts (USDC/USDT) deliver faster payouts and inflation‑resistant savings for African freelancers. Raenest (formerly Geegpay) now lets African remote workers and creators receive crypto payments and instantly convert them to fiat currency, bridging the gap between the global crypto economy and everyday local spending. Nigeria…
TL;DR, Binance Pay partnered with Zapper to enable QR code crypto payments at 31,000+ South African merchants, including KFC and Sasol, effectively doubling Binance’s global merchant network. The system is seamless and risk-free for merchants, who require no new hardware and receive instant settlement in local currency (ZAR), completely avoiding crypto’s price volatility. This partnership…
TL;DR, A $5.5B uganda cbdc pilot targets 40M users, 1M jobs, and up to $10B in exports via a USSD-enabled digital shilling. Unlike struggling CBDCs like Nigeria’s eNaira, Uganda’s model is “production-first,” giving citizens and industries an immediate reason to use it by integrating it into supply chains and job creation from day…
TL;DR, Africa hit $25B in on-chain transactions in March as blockchain in africa accelerates low-fee, transparent remittances and access despite infrastructure gaps. Stablecoins like RLUSD, CBDCs such as eNaira, and a $15M Lisk fund are delivering faster settlements, inflation protection, and real inclusion across key markets. Regulators are adding licensing and taxes while AI tools…
TL:DR, Kenya VASP Bill clears third reading; existing providers get six months to apply, with VASP fines up to $154,000 and individuals facing up to 10 years. The bill establishes a “twin-pillar” regulatory model, appointing the Central Bank of Kenya (CBK) and Capital Markets Authority (CMA) as joint regulators to oversee all crypto…
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