DeFi Credit Union Platform Xend Finance Goes Live in Africa First
Xend is the first DeFi protocol to launch from the African continent using the Binance Smart Chain.
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Mar 22, 2021 at 3:00 p.m. UTC
Mar 22, 2021
Africa
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Nigerians Turn to Stablecoins for Protection Against Inflation
Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation.
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Mar 15, 2021 at 2:05 p.m. UTC
Mar 15, 2021
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Nigeria Is Now Rewarding Citizens for Using Licensed Money Senders, Not Crypto
The "Naira 4 Dollar Scheme" is a bid to funnel remittances through official channels. Meanwhile, peer-to-peer bitcoin remains popular.
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Mar 10, 2021 at 7:00 a.m. UTC
Mar 10, 2021
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Jack Dorsey & Jay-Z Donate 500 Bitcoin for New Endowment Fund
Twitter CEO Jack Dorsey is teaming up with rapper Jay-Z to create a new endowment named “Btrust” to fund Bitcoin development with an initial focus on teams in Africa and India...
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Feb 13, 2021 at 4:30 a.m. UTC
Feb 13, 2021
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Jack Dorsey, Jay-Z Put 500 Bitcoin Into Trust Supporting Africa and India
"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.
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Feb 12, 2021 at 10:11 a.m. UTC
Feb 12, 2021
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Nigeria's Senate Summons Central Bank Chief to Explain Crypto Ban
The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.
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Feb 11, 2021 at 11:04 p.m. UTC
Feb 11, 2021
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Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch
Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.
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Feb 9, 2021 at 2:00 p.m. UTC
Feb 9, 2021
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Canadian Crypto Lender Ledn Raises $2.7M for Emerging Markets Expansion
After growing in Latin America, the firm wants to bring its micro-loans and stablecoin savings features to other emerging markets.
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Feb 8, 2021 at 1:35 p.m. UTC
Feb 8, 2021
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Binance Suspends Deposits in Nigeria Following Central Bank Directive
Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday.
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Feb 5, 2021 at 10:08 p.m. UTC
Feb 5, 2021
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China Leads Africa's Digital Currency Race
With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa.
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Feb 3, 2021 at 8:22 p.m. UTC
Feb 3, 2021