In a bold and controversial move, the Central African Republic (CAR) has announced plans to tokenize over 1,700 hectares of land using a Solana-based meme coin dubbed $CAR, which officials claim represents the country’s “national crypto experiment.” President Faustin-Archange Touadéra made the announcement this week, revealing that the land, located in Bosongo village, about 45...
Central Bank survey marks a shift in Kenya’s financial landscape as KRA collects $77M from crypto taxes, prompting calls for a clear regulatory framework. A new survey by the Central Bank of Kenya (CBK) reveals that nearly a third of Kenyan banks are open to supporting virtual asset transactions, signaling a significant shift in the...
Over $100M in volume processed, 300K+ users, and a VISA-powered leap into the future of African finance Kredete, a fast-rising Nigerian fintech startup, has officially launched Africa’s first stablecoin, backed credit card, marking a major milestone in the continent’s digital finance evolution. Founded in 2023 by Adeola Adedewe, the company aims to reshape how Africans,...
Crypto is booming in Africa. In 2024 Sub-Saharan Africa saw ~$125 billion in on-chain crypto value. Nigeria alone ranks #2 globally for crypto adoption, with Kenya, Ghana and South Africa also in the top 30. Stablecoins now make up roughly 43% of Africa’s crypto volume, as many people use them to hedge against volatile local...
