REPORT | Stablecoins Have Become Crypto’s Killer App Amid Blockchain Scaling Improvements, Says New a16z Report

By enabling fast, cheap, global payments, among other uses, stablecoins have become one of crypto’s most obvious ‘killer apps’, says a new report by a16z crypto. According to the report,…

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INFLATION | Ethiopian Birr Devaluation Costs Safaricom Over $130 Million in Just 6 Months Despite ~50% Customer Growth

Safaricom PLC’s half-year profits [H1 2024] declined 17.7% to KES 28.1 billion ($216.6 million) from KES 34.1 billion ($262.8 million) on account of the 106% depreciation of the Ethiopian Birr.…

Continue ReadingINFLATION | Ethiopian Birr Devaluation Costs Safaricom Over $130 Million in Just 6 Months Despite ~50% Customer Growth

FINTECH AFRICA | Nigerian Fintech, Carbon, Set to Resume Card-Issuing Services After Increased Customer Demand

Nigerian digital bank, Carbon, will resume its card issuance in November 2024, six months after suspending the service. According to a local report, the decision was driven by improvements to…

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MILESTONE | South African Leading Crypto Exchange, VALR, Doubles User Base in 2024 Surpassing 1 Million Users

VALR, the Pantera-backed South African crypto exchange, and the leading crypto trading platform in Africa by trade volume, announced today that its user base has doubled in 2024, surpassing the…

Continue ReadingMILESTONE | South African Leading Crypto Exchange, VALR, Doubles User Base in 2024 Surpassing 1 Million Users

MILESTONE | South African Leading Crypto Exchange, VALR, Doubles User Base in 2024 Surpassing 1 Million Users

VALR, the Pantera-backed South African crypto exchange, and the leading crypto trading platform in Africa by trade volume, announced today that its user base has doubled in 2024, surpassing the…

Continue ReadingMILESTONE | South African Leading Crypto Exchange, VALR, Doubles User Base in 2024 Surpassing 1 Million Users