Zambia to finish testing cryptocurrency regulatory technology by mid-year: Reuters
The southern African country hopes to develop regulations that promote innovation while keeping citizens safe.
Blockchain in Africa
Crypto company Fonbnk taps Tanda to launch airtime trading marketplace in East Africa
Fonbnk claims that this collaboration marks a significant financial inclusion breakthrough in Africa.
Worldcoin, co-founded by ChatGPT’s Sam Altman, expands into mainstream Kenya, but security and privacy concerns lurk
The controversial app, which promises to give people crypto for their identity via an eye scanner, has now fully launched in Kenya and features a P2P exchange.
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.
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.