Author: Opeloyeru Batly

Nigerian fintech Kredete is expanding into South Africa after acquiring a company that holds a Crypto Asset Service Provider (CASP) licence from the country’s Financial Sector Conduct Authority (FSCA). The acquisition gives Kredete a locally licensed base as it prepares to expand its stablecoin-powered payment and remittance services for individuals and businesses in South Africa. The transaction was structured as an all-share deal through a Kredete subsidiary focused on stablecoin infrastructure. The purchase price was not disclosed. The move adds South Africa to Kredete’s growing regulatory footprint as the fintech expands its cross-border payments operations across emerging markets. Kredete Acquires…

Samsung is bringing stablecoin transfers into its Samsung Wallet app, allowing eligible Galaxy users in the United States to send digital dollars internationally without installing a separate cryptocurrency wallet. Announced on October 7, the feature will launch in the last week of October 2026, with support for USD Coin (USDC), a stablecoin pegged to the US dollar. Samsung says the service will be available across approximately 82 million compatible Galaxy devices in the US. The move expands Samsung Wallet beyond traditional payment cards and digital credentials. It also brings stablecoin transfers closer to everyday mobile payments. Samsung Wallet Will Support…

Cointelegraph has denied a report that it is seeking a buyer. The crypto news outlet called the claims false and disputed several details in CoinDesk’s report. CoinDesk reported on October 7 that Cointelegraph was seeking a buyer after a sharp decline in website traffic. Cointelegraph responded on October 8 through its official X account. The outlet said it is not for sale and accused CoinDesk of making multiple factual errors. Cointelegraph Rejects Sale Report Cointelegraph said the report relied on false information. The outlet also argued that CoinDesk presented speculation as fact. Cointelegraph called on CoinDesk to correct the report.…

Circle is bringing its USDC and EURC stablecoins into enterprise payment workflows through SAP, potentially giving businesses a simpler way to use stablecoins for payments and treasury operations. The move follows a partnership between Circle and Tereina, an SAP-backed financial services company. The integration will begin with SAP Cloud ERP, allowing eligible businesses to send and receive stablecoin payments through applications they already use. Circle Integrates Stablecoins Into SAP Payments Under the partnership, USDC will be the preferred stablecoin for US dollar-denominated payments, while EURC will support euro-denominated transactions. The integration is designed to allow businesses to use stablecoin payments…

Africa’s Bitcoin ecosystem now has 180 verified projects across 23 countries, highlighting continued activity among businesses, communities and developers building around Bitcoin across the continent. The figure comes from the Live African Bitcoin Directory, maintained by the African Bitcoiners community. The latest update follows a review of projects listed in the directory and provides a more focused picture of active Bitcoin initiatives in Africa. Although the directory previously reached 189 projects in Q3 2026, its latest review removed 11 inactive or non-compliant listings and added two newly verified projects. As a result, the current directory contains 180 active projects across…

Kenyan fintech Cloud9 has secured $500,000 from Alliance as it expands its cross-border payments business and uses stablecoins to move money between markets. The equity investment is part of Cloud9’s ongoing pre-seed round, which also includes Techstars NYC and strategic angel investors. The latest funding brings the company’s disclosed funding to $1 million. But the bigger story is what Cloud9 plans to build with the capital. The Nairobi-based fintech is moving beyond digital banking to provide payment infrastructure for African businesses trading across borders. Stablecoins sit behind part of that infrastructure, helping Cloud9 connect different currencies and payment markets. Cloud9…

Binance has urged cryptocurrency users across Africa to strengthen their online security as scams, phishing attacks, and impersonation schemes continue to target digital-asset users. The warning comes during Cybersecurity Awareness Month, with the exchange encouraging users to adopt simple security habits instead of relying only on platforms to protect their funds. Binance said crypto is increasingly part of everyday financial activity across Africa. Users rely on digital assets to send money, save, pay for goods and services, and run businesses. However, greater adoption also gives scammers more opportunities to target users. Binance Warns Against Common Crypto Scams According to Binance,…

South African crypto exchange Luno has warned that proposed rules for cross-border crypto transactions could conflict with the country’s international commitments. The company also says the rules could make South Africa’s financial system less competitive. Luno raised the concerns in its formal submission on the South African Reserve Bank’s (SARB) draft Crypto Asset Manual for cross-border activities. The draft aims to bring crypto transfers into South Africa’s capital-flow monitoring framework. However, Luno argues that some provisions could treat digital assets differently from traditional financial instruments, even when they serve the same economic function. Luno Raises Concerns Over Stablecoin Payments Stablecoin…

South Africa’s Absa Group has become the first bank in Africa to offer institutional digital asset custody, opening a regulated banking route for businesses seeking to hold and manage cryptocurrencies. The bank’s Absa Digital Asset Custody service went live on September 21 and currently serves institutional and large business banking clients in South Africa. The service provides digital asset safekeeping, administration and transfer within a regulated banking environment. Absa Targets Institutional Digital Asset Custody The new service is aimed at asset managers, non-bank financial institutions, corporates and treasury functions. Absa said the service is not currently designed as a retail…

South Africa is investigating fintech and crypto firm Kastelo over suspected exchange control violations involving about R3.5 billion in transactions. Finance Minister Enoch Godongwana confirmed the investigation in a recent parliamentary response. He said the South African Reserve Bank (SARB) had identified a reasonable suspicion of exchange control contraventions. The case centres on transactions that allegedly used clients’ foreign exchange allowances to move funds offshore. The money was allegedly used to acquire crypto assets abroad before being sold through local crypto-asset service providers. However, the investigation is still ongoing. The figures remain subject to its findings. Kastelo Faces South African…