Africa’s promise of cheaper remittances by way of stablecoins is clashing with actuality in lots of locations. According to data from Borderless.xyz, January’s median unfold for stablecoin-to-fiat conversions throughout Africa reached practically 300 foundation factors — about 3% — far larger than Latin America’s roughly 1.3% and Asia’s tiny 0.07%. That hole issues. It hits…
Africa is seeing a quiet shift in how folks ship and maintain worth. Mobile telephones are central. According to Vera Songwe, a former UN under-secretary-general, tens of millions who lack financial institution accounts can use stablecoins to guard financial savings and transfer cash quicker. That entry issues in locations the place inflation has been high…
Ethiopia has introduced it’s searching for a world companion to construct a state-backed Bitcoin mining operation, transferring from a mannequin of internet hosting personal miners towards one thing run with authorities involvement. The name for companions was made on the Finance Forward Ethiopia 2026 occasion and alerts a clearer function for the state within the…
Reports have disclosed that Ripple has moved to introduce its US greenback–backed stablecoin, RLUSD, into African markets via offers with established regional fintech companies. The token, which debuted in late 2024, now has a market capitalization of near $710 million. That determine issues as a result of it indicators actual capital backing the push, even…
The Worldwide Legal Police Group (Interpol) has efficiently performed a continent-wide cybercrime crackdown in Africa, focused towards unlawful cryptocurrency mining operations, inheritance scams, and fraudulent investments. Coordinated below the code identify Serengeti 2.0, the three-month operation ran from June to August 2025, resulting in greater than 1,200 arrests and the restoration of near $100 million…
This August, Chainalysis hosted a landmark webinar with the Securities and Exchange Commission (SEC) Nigeria, bringing collectively regulatory leaders and blockchain intelligence specialists to deal with the challenges and alternatives in Africa’s largest cryptocurrency market. With Nigeria ranking second globally in cryptocurrency adoption (trailing solely India), the dialog highlighted how blockchain intelligence and regulatory frameworks…
Ghana’s central bank plans to finalize a comprehensive regulatory framework for crypto platforms and submit it to parliament by September 2025. This marks a significant shift toward mainstream adoption of digital assets in West Africa’s second-largest economy. According to a Bloomberg report, Bank of Ghana Governor Johnson Asiama announced the proposed legislation will enable the…