Adoption
Algorand funds FlexID to offer Africa’s unbanked self-sovereign IDs
This funding deal is under Algorand’s impact category, which picked out FlexID as a catalyst for global financial inclusion.
Jinia Shawdagor 2 min read Africa News
Latest updates on crypto innovation, adoption, and regulation across Africa’s growing digital asset ecosystem.
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Jinia Shawdagor 2 min read 
Adoption
Nigeria and Developing Africa Group ink deal to launch a crypto project on Algorand
The project seeks to enable the international commercialization of all IP forms created and registered within Nigeria.
Adoption
Central African Republic wants to launch Africa’s first legal Bitcoin investment platform
President Faustin-Archange Touadera has said that the traditional formal economy does give his country a chance to be competitive.
More Africa Crypto News & Analysis
Adoption
Report: African crypto startups venture funding grows by over 1000% in 2022
Most venture capital funding in the region has gone to fintech companies and crypto exchanges.
Banking
South African central bank mulls digital rand to streamline cross-border payments
South African central bank's Deputy Governor Kuben Naidoo said a digital rand could reduce the cost of cross-border payments for banks.
NFTs
Nigerian firm Looty looks to repatriate stolen African art in digital form
Looty aims to find all looted African artwork and recreate it digitally in the form of 3D NFTs.
Adoption
IMF raises concerns over the Central African Republic’s adoption of Bitcoin as legal tender
The IMF has raised concerns over the Central African Republic's adoption of Bitcoin as legal tender due to the lack of a "robust" payments system in the country.
Adoption
Central African Republic adopts Bitcoin as legal tender
Despite initial opposition, the National Assembly of CAR unanimously passed the bill to recognize Bitcoin as a legal tender.
Adoption
Inflation is driving crypto adoption in emerging economies
Crypto adoption in countries like Sudan, Syria, and Lebanon is being affected by low access to internet.
