Crypto payments company Lazerpay shuts down operations due to funding crunch
The company joins a growing list of African companies closing shop as the crypto winter lingers.
Blockchain in Africa
5 billion reasons Africa needs to ditch the U.S. dollar for cross-border trade
Although the U.S. accounted for less than 10% of Africa’s total trade in 2019, nearly half of Africa’s trade is settled in U.S. dollars. The mismatch in commercial and payment flow cost Africans $5 billion yearly, Kioneki writes.
Nigerian venture capital firm EchoVC launches an $8 million blockchain fund
The firm aims to fund solutions across multiple areas of blockchain use cases.
Pan-African Crypto Exchange Yellow Card Secures $40M in Series B Funding Round to drive business growth, expansion and strategic partnerships
The company has now raised a total of $57 million, more than any crypto company on the continent has received to date.
Nigerian agency seeks partnership with Binance and Talent City for West Africa’s first virtual economic zone
The partnership could see Nigeria host a cryptocurrency-friendly free zone.
Algorand and Boston University want to increase access to machinery for African farmers
Algorand Foundation will provide funds for Boston University and an African agric-tech company to develop a blockchain-based application to connect farmers to tractor owners.
Nigeria's struggle to attract foreign investors explains blockchain moves by NGX
NGX is looking to use blockchain to lure younger investors as dwindling foreign participation carves a hole in the country's capital markets.