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YellowCard and Block Partner on tbDEX, a Fiat-Bitcoin Cross-Border Payments Decentralized Network
Block, through its bitcoin developer platform, TBD, has joined forces with African crypto exchange, YellowCard, to enable access to a network of fiat on-and off-ramps as well as Bitcoin-based payments across 16 African nations.
According to the shared press release, the objective behind the
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INFLATION | Ethiopian Birr Devaluation Costs Safaricom Over $130 Million in Just 6 Months Despite ~50% Customer Growth
Safaricom PLC's H1 2024 profits dropped 17.7% to KES 28.1 billion due to the Ethiopian Birr's depreciation. Despite this, subscriber growth rose significantly in Ethiopia, increasing customer engagement and revenue in key offerings like voice and mobile data.
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INTRODUCING | The .Brave Official Domain Now Available to 86 Million+ Brave Users
Unstoppable Domains has launched **.brave**, an official onchain domain for Brave's 86 million users, enhancing digital identity ownership and crypto transactions. Minted on Polygon, it enables decentralized website creation and strengthens Brave's privacy-focused ecosystem.
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FIL1.99%
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STABLECOINS | Almost the Entire USDT User Base is Now in Emerging Markets, Says CEO, Tether
Tether CEO Paolo Ardoino attributes the growth of USDT stablecoin to its adoption in emerging markets as an alternative to the U.S. dollar, reaching over $109 billion in circulation. Tether aims to serve the unbanked and is expanding into new business areas, including AI.
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LIST | Here Are the 10 Startups Selected for StartupBootCamp Afritech Accelerator – 4th Edition
Ten African startups have been selected for the StartupBootCamp Afritech Accelerator Programme, receiving funding, mentorship, and networking opportunities to enhance their growth in various tech sectors.
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MILESTONE | Chipper Cash Becomes the Largest Provider of Virtual Cards in Africa as it Expands Partnership with VISA
Chipper Cash expands its partnership with VISA to enhance card issuance and collaboration in regulatory areas. This move supports their mission for financial inclusivity, building on their history with VISA since 2021 and recent successes in the market.
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Airtel Kenya Completes Separation of Mobile Money Operations, Says Central Bank of Kenya
Airtel Kenya has successfully separated its mobile money business, Airtel Money Kenya Limited, from its telecommunications operations, enhancing service delivery and governance. This follows a transition initiated in 2022, as part of CBK's broader strategy to improve payment systems in Kenya.
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STABLECOINS | Leading African Fintech, NALA, Partners with Noah to Launch a Stablecoin Settlement Network on Regulated Rails
A major milestone in stablecoin-powered payments has been reached after Noah – a global payments infrastructure provider – and NALA – an emerging markets fintech – announced a strategic partnership to launch a new cross-border settlement network that leverages stablecoins to make international
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LIST | A Look at the 10 Startups Selected as Semi Finalists for Milken-Motsepe Prize in Fintech – One is an African Crypto Remittance Provider
The Milken Institute and the Motsepe Foundation recently announced the 10 semi – finalist teams advancing to the Semi-finals Round of the Milken-Motsepe Prize in Fintech, with each team receiving $100,000 in funding.
According to a press release, the prize supports innovative solutions to expand ac
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