Author: Louis Dike
Louis Dike
Louis Dike is the Publisher of Coinafrica, leveraging years of experience driving growth for global exchanges like Bybit, Bitget, and VTrader across Africa. A former Binance Tutor, he now channels his expertise into clear, insightful reporting that amplifies Africa’s voice in the global Web3 economy.
Kenya has recently been ranked among the top 30 global crypto markets, underscoring the East African nation’s expanding influence in the digital asset space. This ranking reflects robust user adoption, a mobile-centric payment culture, and broad interest in blockchain-enabled financial services — all of which have contributed to Kenya’s rising position on the global crypto stage. Strong Adoption Metrics Kenya’s crypto ecosystem continues to grow rapidly, driven by: These trends are bolstered by Kenya’s well-established mobile money ecosystem — particularly its long-standing success with M-Pesa, which has helped pave the way for digital asset familiarity and practical use cases. Mobile-First…
Nigeria has begun enforcing a groundbreaking tax and regulatory regime that ties cryptocurrency transactions to individual identities, marking a major shift in how digital assets are tracked, taxed, and regulated in the country. Under the Nigeria Tax Administration Act (NTAA) 2025, which took effect on January 1, 2026, Virtual Asset Service Providers (VASPs) — including crypto exchanges and wallet services — are required to collect and report identity information for users and their transactions. This identity-linked oversight framework puts Nigeria at the forefront of next-generation crypto regulation: it integrates Tax Identification Numbers (TINs) and National Identification Numbers (NINs) directly into…
Major cryptocurrencies recorded modest gains as investors reacted positively to new regulatory developments in the United States, reinforcing the market’s sensitivity to policy clarity in key financial jurisdictions. Prices for Bitcoin, Ethereum, and XRP all moved higher as lawmakers in the United States advanced discussions around a proposed digital asset market framework. What’s Driving the Move Market optimism followed progress on U.S. legislation aimed at clarifying: For investors, regulatory clarity is widely viewed as a catalyst for greater institutional participation, particularly in the world’s largest capital market. Why the U.S. Matters Globally U.S. policy decisions often set the tone for…
Tether has announced a strategic partnership with the United Nations Office on Drugs and Crime (UNODC) aimed at strengthening crypto security and reducing illicit activity across Africa’s fast-growing digital asset markets. The collaboration focuses on improving oversight, knowledge sharing, and enforcement capabilities as cryptocurrency adoption continues to rise across the continent. Why This Partnership Matters Africa remains one of the world’s fastest-growing crypto regions, driven by: However, rapid growth has also attracted fraud, scams, and misuse of digital assets, raising concerns among regulators and policymakers. The Tether–UN partnership is designed to help authorities better understand blockchain transactions while maintaining the…
A South African crypto payments startup is accelerating Africa’s digital payments shift after securing fresh funding to scale its operations across the continent. Ezeebit has raised US$2 million in seed funding to expand its stablecoin and cryptocurrency payment infrastructure, targeting both consumers and merchants across multiple African markets. Building Crypto Payment Rails Ezeebit focuses on enabling: The company aims to bridge the gap between traditional payment systems and blockchain-based finance, particularly in regions with limited access to cross-border banking services. See more related: Why Africa’s Crypto Infrastructure Growth Matters Amid Price Slump Why Investors Are Paying Attention Africa’s crypto usage…
Central African Republic is once again under scrutiny after fresh reports warned that opaque cryptocurrency schemes may be exposing state assets to financial and governance risks. The concerns come as the country approaches a politically sensitive period, with crypto initiatives increasingly intersecting with national policy, elections, and international relations. Crypto Ambition Meets Oversight Challenges The Central African Republic gained global attention after becoming the first African country to adopt Bitcoin as legal tender. However, subsequent state-linked crypto projects have faced criticism for: Analysts warn that without stronger controls, these initiatives could leave public resources vulnerable to misuse or exploitation. See…
Crypto is increasingly being used not just as an investment, but as a payment tool, according to new data showing explosive growth in spending via Visa-linked crypto cards. Spending through crypto-enabled Visa cards surged by more than 500% in 2025, reflecting rising consumer comfort with using digital assets for everyday transactions. Bridging Crypto and Traditional Payments Crypto-linked cards allow users to: This bridge between crypto wallets and traditional finance is helping normalize digital assets in daily life. See more related: 31,000+ South African Merchants Can Now Accept Crypto Payments Why This Matters for Africa For African users, crypto cards offer:…
XRP has emerged as one of the strongest-performing major cryptocurrencies in early 2026, outpacing both Bitcoin and Ethereum during the opening weeks of the year. The token recorded sharp gains, briefly outperforming larger assets before entering a consolidation phase—renewing interest among traders globally. Why XRP Is Gaining Attention Market analysts point to several factors behind XRP’s momentum: For many traders, XRP represents a liquid alternative during periods of Bitcoin consolidation. See more related: Bitcoin, Ethereum, XRP Dip Slightly as Markets Await U.S. Fed Decision After CPI Report What This Means for Africa Across African markets, XRP remains popular due to:…
Ghana is beginning to show what crypto adoption looks like beyond trading charts, as real-world usage expands following recent regulatory clarity. With the country’s Virtual Asset Service Provider (VASP) framework now in place, individuals and small businesses are increasingly using cryptocurrencies—particularly Bitcoin—for payments, savings, and informal transactions. From Regulation to Usage For years, Ghana’s crypto ecosystem operated largely underground, driven by peer-to-peer trading and informal networks. The introduction of a formal regulatory framework has changed that dynamic, giving users and service providers more confidence to transact openly. Local crypto communities are now experimenting with: Rather than speculation, adoption is increasingly…
The rapidly growing youth population in Africa is emerging as one of the most valuable demographics for crypto and fintech companies seeking long-term adoption. Young Africans are typically: This makes them a natural audience for crypto products that blend payments, savings, gaming, and digital rewards. Beyond Trading Rather than focusing solely on trading, many platforms are now experimenting with: These approaches reflect a shift toward utility-driven adoption rather than speculation. See more related: Sub-Saharan Africa’s Crypto Adoption Grew 52% in 2025, Driven by Payments and Remittances Long-Term Implications If platforms succeed in building trust and relevance with young users, Africa’s…