Tag: cross-border transactions

Nigeria’s Crypto Adoption: A Solution for 38 Million Unbanked Adults

Cryptocurrency offers a significant opportunity to improve financial services for Nigeria's 38 million unbanked adults. According to projections, crypto in Nigeria will...

NexusPay Partnership Pioneers Web3 Payments for Africa’s Growing Crypto Scene

The collaboration between Fuse Blockchain and NexusPay aims to enhance crypto remittance services across Africa. Regulatory bodies like Nigeria's SEC acknowledge the potential...

Mastercard Enhances Security: Crypto Credential for EU, Latin America

Mastercard digital payments introduce the Crypto Credential service, aiming to streamline and secure cryptocurrency transactions within the European Union and Latin American markets. ...

Zeepay’s $3M Boost: Transforming African Fintech and Remittances

Verdant Capital Hybrid Fund invested $3 million in Zeepay to bolster its African fintech presence. The company plans to launch its mobile wallet...

Avalanche and Fonbnk Forge Partnership to Accelerate DeFi Adoption in Africa

Fonbnk, a renowned African DeFi organization, has officially announced a partnership with Avalanche, a crypto firm. Fonbnk will make its no-code, low-code,...

Weighing on the possibility of Africa adopting Bitcoin as a reserve currency

African nations should build robust and stable economies that are less reliant on natural resources and more diverse. Potential transformation might come from investing in education research and innovation, infrastructure, improving governance, and reducing corruption. While Bitcoin could offer future advantages as a reserve currency, it is unlikely to be a realistic alternative for many African nations in the short term. Instead, African governments should concentrate on developing robust and stable economies less exposed to external shocks while remaining resilient to global market challenges.