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.
Global cybercrime losses surged to a record $20.8 billion in 2025, marking a 26% increase from the previous year, according to the latest report from the FBI Internet Crime Complaint Center. The report recorded more than 1 million complaints globally, with victims losing an average of $20,699, underscoring the growing financial impact of increasingly sophisticated cyber threats. This milestone reflects a broader global trend where digital fraud is scaling alongside internet adoption and financial digitization. Nigeria and South Africa Among Top Countries for Complaints Africa’s two largest economies, Nigeria and South Africa, were ranked among the top 20 countries globally…
African payments giant Flutterwave has thrown its weight behind Kulipa’s launch, a new infrastructure initiative aimed at enabling stablecoin spending through payment cards. The announcement highlights a critical evolution in crypto utility — moving from holding stablecoins to actually spending them in everyday life. The Big Shift: From Holding to Spending Stablecoins For years, stablecoins have been widely used for: However, a major gap has persisted: real-world usability. Kulipa aims to close that gap by enabling: “Stablecoin balances to be spent anywhere cards are accepted.” This transforms stablecoins from: The Stack Behind Kulipa The infrastructure powering this move is not…
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has announced the launch of a regulatory pilot focused on Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT), and Counter-Proliferation Financing (CPF). The initiative targets a select group of Virtual Asset Service Providers (VASPs) and fintech companies operating within Nigeria’s rapidly evolving digital finance ecosystem. This marks one of the most structured attempts yet by regulators to directly engage crypto-related businesses in the country. Who’s Involved in the Pilot? The CBN identified several high-profile players participating in the pilot, including: These companies represent a mix of: This diversity suggests the CBN is…
In this exclusive interview with Coinafrica, Lotachi Anidi shares her journey from engineering to product design and breaks down what’s really driving crypto adoption in Africa. From building Onboard to navigating trust, regulation, and user behavior, she offers a grounded perspective beyond the hype. Q: Who is Lotachi Anidi? Lotachi:Professionally, I’m a designer who has been building in fintech for about six years, mostly working on emerging technologies. I worked at Bamboo and later joined the team building products at Nestcoin, where I led design on Onboard — a product we built and evolved over several years. Personally, I grew…
In this episode of CoinAfrica Conversations, Louis Dike sits down with Lota Anidi, product designer, fintech builder, and former design lead behind Onboard, one of Africa’s leading crypto-powered financial platforms. Lota shares his journey from studying Electrical Engineering to building products at the intersection of traditional finance and crypto. He discusses product design, trust, user psychology, crypto adoption in Africa, stablecoins, global payments, and what founders often get wrong when building financial products. Whether you’re a designer, founder, fintech operator, or crypto enthusiast, this conversation offers practical insights into building products that African users actually trust and use. Let us…
Nigerian crypto exchange Roqqu has announced a new partnership with Bridge, a subsidiary of Stripe, to enable users to spend stablecoins directly through card payments. The move signals a major step toward solving one of crypto’s biggest challenges — real-world usability. The Problem: Stablecoins Still Need Conversion According to Roqqu CEO Eseoghene Onomor, over $82 billion flows through stablecoins daily, yet most of this activity remains limited to peer-to-peer transfers. To spend stablecoins today, users typically need to: This multi-step process creates friction and limits adoption. The Solution: Stablecoin-Powered Cards Through this partnership, Roqqu aims to eliminate that friction by…
Nigerian crypto exchange Quidax has carried out another round of layoffs as it deepens its transition toward a business-to-business (B2B) strategy. The move reflects a broader shift among crypto startups prioritising sustainability, infrastructure, and enterprise solutions over retail trading. Quidax Cuts Jobs Across Key Teams Quidax recently terminated employees across several departments, including sales, design, and operations, according to reports from TechCabal. The layoffs were reportedly announced during a company-wide meeting in early March 2026. Affected employees were subsequently notified by the company’s People and Culture team and asked to return company-issued equipment. While Quidax cited performance-related reasons for the…
Kenya is taking a significant step toward regulating its growing crypto sector, proposing a $3.85 million capital requirement for stablecoin issuers under new draft rules. The proposed framework, introduced by the National Treasury on March 19, aims to bring virtual asset businesses under formal supervision while strengthening the country’s financial system. What the Kenya Stablecoin Capital Requirement Means Under the draft regulations, firms issuing stablecoins to the public must meet strict financial and operational standards. Key requirements include: These rules are designed to ensure that stablecoin issuers can maintain liquidity and protect users. Focus on Transparency and Risk Management The…
Kenya is fast emerging as a major crypto destination, with over 50 digital asset firms exploring entry into the market, according to recent reports. The firms—ranging from global exchanges to blockchain infrastructure providers—are in discussions to establish regional headquarters in Nairobi, driven by rising adoption and favourable policy signals. Among the companies reportedly considering entry is Binance, the world’s largest crypto exchange, highlighting growing institutional interest in the East African market. Nairobi Is Positioning as a Regional Crypto Hub The push is being led by the Nairobi International Finance Centre (NIFC), which is actively engaging crypto firms as part of…
Global fintech company Circle Internet Group has partnered with Cassava Technologies, founded by Zimbabwean billionaire Strive Masiyiwa, to expand the use of USDC stablecoins across Africa. The collaboration, announced on March 24, 2026, marks Circle’s first major expansion into the African market, signaling growing institutional interest in the continent’s digital finance ecosystem. What the Partnership Means Under the agreement, Sasai Fintech, a division of Cassava Technologies, will integrate USDC into its digital payments ecosystem. This will enable: Sasai already operates across multiple African payment corridors, offering mobile wallets, remittance services, and business payment solutions. USDC Integration Across 30 African Markets…