Tag: Africa's financial ecosystem
Venom Foundation partners with Kenya to establish Africa’s blockchain hub
Venom Foundation partnered with Iceberg Capital to launch a $1 billion venture fund dedicated to web3 applications.
The Kenyan government has collaborated with...
Direct crypto purchases in Nigeria enabled by a MetaMask and MoonPay partnership
The MetaMask and MoonPay partnership significantly develops Nigeria’s crypto market. It simplifies transacting in digital assets by enabling a seamless crypto purchase experience. Crypto and other digital assets have seen their popularity rise in Nigeria and Africa. Therefore, it is predictable that more crypto-related innovations and partnerships will crop up in the coming months. This will expand the reach of digital assets in the region even further.
Obiex Finance, the fastest growing exchange in 2022 hails in Nigeria
Obiex Finance experienced a 200% growth in user base and a 600% growth in transaction volume within the same year.
At the end...
Impact of stablecoins and CBDCs to Africa’s digital economy
Nigeria, commonly known for its rapid growth in Africa's digital economy, was the first African country to roll out a CBDC, the eNaira....
Switzerland growth in Web3, an inspiration for Africa
Switzerland is among the few nations to embrace cryptocurrency before rejecting it
The country is even one of the first to adopt a...
Blockchain in business, DAO technology transforming Africa’s web3 ecosystem
DAO is an upcoming legal structure that essentially seeks to incorporate the decentralized nature of blockchain into business
The decentralized nature of...
Bitcoin Lightning Network Interconnects Africa and European financial systems
CoinCenter and the Africa-based Bitcoin App Bitnob partner to create a new feature enabling global fiat currency transactions
Bitcoin Lightning Network solves its...
Cardano’s 2023 approach into Africa’s crypto market
Cardano announced its partnership with Ethiopia in 2022, marking its first significant descent towards Africa's crypto ecosystem
Cardano has failed to market their...
Africa’s crypto ecosystem affected by FTX collapse
The FTX collapse has brought in significant questions as to the conduct of cryptocurrency, and many crypto traders are pondering over their next...
LBank Exchange sets its eyes on Africa’s crypto goldmine
LBank announced the establishment of their new crypto investment fund that targets web3 development in Africa
LBank has pushed several educational efforts in...
The Africa Money and DeFi Summit targeting to better Africa’s web3 ecosystem
The Africa Money and DeFi Summit bring in critical stakeholders, including tech corporates, mobile operators, fintech, DeFi & crypto ventures, investors, and leading...
Xend Finance, Africa’s first Global blockchain bank
Xend finance is a platform created to allow Africa, more so Nigeria, the means to access the global market.
Later in the year,...
Decentralized Finance how its shaping Africa
If you haven't heard of decentralized finance yet, you've been missing out on some of the biggest opportunities. Here we'll explore its challenges, benefits,...
