PAPSS rolls out blockchain platform for African fiat exchange

Interstellar says 19 countries and several multinationals now use the African currency marketplace for cross-border transactions.

Interstellar says 19 countries and several multinationals now use the African currency marketplace for cross-border transactions.

OnChain 2025 will explore core themes, including stablecoins, payments, FX, tokenized real-world assets, regulatory clarity, the business case for blockchain and talent pipelines.

This brings the total number of African countries on FATF’s grey list to 12, accounting for approximately 57% of all grey-listed countries.

The funds were raised to support the development of the startup's decentralized finance (DeFi) solution.

Starting in February, Coinbase users in 20 African countries can buy USDC directly from the Coinbase Wallet App.

Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.

Numerous companies offering crypto products in Cameroon follow the Ponzi scheme patterns, resulting in losses, the study reads.

The acquisition will see Qala rebrand as Btrust Builders with a new focus on providing training in open-source Bitcoin software development.

South Africa, Liberia and Kenya led Nigeria for total funding. MFS Africa, Valr, Jambo, Ejara all feature in the report.