Nigeria’s stablecoin boom has grown large enough that the IMF is sounding the alarm, warning that dollar-pegged crypto is no longer a niche workaround but a real pressure point for the country’s monetary system. Stablecoins are being used for remittances, supplier payments, and savings. Nigeria accounts for about 60% of sub-Saharan Africa’s stablecoin inflows since […]
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Nigeria and South Africa Drive Africa’s Stablecoin Surge, Survey Shows Africa is storming ahead as the world’s stablecoin hotspot, with Nigeria and South Africa leading the pack, according to a revealing new survey by fintech firm BVNK. Picture a Nigerian freelancer getting paid instantly in digital dollars, sidestepping weeks of bank delays and brutal fees—that’s […]
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Stablecoins Surge in Africa: Outpacing Remittances and Aid, Ex-UN Official Reveals A financial tidal wave is sweeping across Africa, powered by stablecoins—cryptocurrencies pegged to assets like the US dollar. These digital tools are transforming how money moves, outstripping traditional remittances and aid in both efficiency and reach, as a former UN official emphasized at a […]
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RedotPay Partners with Ripple to Transform Stablecoin Remittances in Nigeria RedotPay, a fintech platform carving a path in crypto payments, has joined forces with Ripple to supercharge its stablecoin transfer capabilities, targeting the glaring inefficiencies of cross-border remittances. With a new feature aimed at Nigerian users, this collaboration promises near-instant conversions of digital assets into […]
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Schneider Electric’s Innovation Day Nigeria 2025: AI, Energy, and the Crypto Conundrum Can Nigeria power a digital future when over 60 million of its people are stuck offline? That’s the burning question echoing from Schneider Electric’s Innovation Day Nigeria 2025 in Lagos, where the energy tech giant laid out a vision of a world reshaped […]
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Nigeria’s EFCC Seeks CBEX Scam Victims in $1 Billion Crypto Fraud Probe Nigeria’s Economic and Financial Crimes Commission (EFCC) is ramping up its fight against a massive cryptocurrency scam, calling on victims of the Crypto Bridge Exchange (CBEX) to aid in an ongoing investigation. This fraudulent platform allegedly duped investors out of over $1 billion […]
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Nigeria’s President Signs Law Classifying Crypto as Securities Nigeria’s President Bola Tinubu has signed the Investments and Securities Act 2024 into law, marking a significant shift in the country’s approach to regulating the cryptocurrency market. This legislation classifies cryptocurrencies as securities, placing them under the oversight of the Nigerian Securities and Exchange Commission (SEC). As […]
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Kidnapped Binance Exec Tigran Gambaryan Receives First Ever Hero Award At DC Blockchain Summit At the DC Blockchain Summit in Washington, D.C., Tigran Gambaryan, a Binance executive, was awarded the industry’s first-ever Hero Award, following his detention in Nigeria since February 2024. Tigran Gambaryan awarded Hero Award at DC Blockchain Summit Detained in Nigeria; faced […]
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Nigeria Moves to Tax Digital Assets Amid Regulatory Crackdown Nigeria is set to tax digital assets by the end of March, spearheaded by the Securities and Exchange Commission (SEC) to integrate these assets into the formal economy. This move is part of a broader regulatory crackdown on offshore exchanges, pushing for a shift towards regulated […]
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Binance.US Restarts USD Transactions Amid Global Legal Battles Binance.US has revitalized its USD transaction capabilities, a relief for users after a period of crypto-only operations due to regulatory scrutiny. However, the platform faces significant challenges, including a colossal $81.5 billion lawsuit from Nigeria and ongoing legal battles in the U.S. Binance.US resumes USD transactions Nigeria […]
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