Author: Opeloyeru Batly

Bitget Wallet is expanding the availability of its crypto card services across Africa, marking another step in the region’s growing adoption of digital payment solutions. The expansion comes as demand for crypto-linked payment tools rises among users looking for faster and more flexible ways to spend digital assets. Across Africa, crypto adoption continues to accelerate, driven by inflation concerns, cross-border payment challenges, and increasing mobile-first financial activity. By widening access to its crypto card offering, Bitget Wallet is positioning itself to serve a growing market of users who want to connect digital assets with everyday spending. How Bitget Wallet’s Crypto…

South Africa’s fintech space is expanding again, as Stitch enters the buy now, pay later (BNPL) market with a merchant-first model. The move positions the company in a competitive segment that continues to grow across emerging economies. While Stitch is not a crypto-native platform, it supports crypto payments as part of its broader payment infrastructure. This adds a digital asset layer to its offering and strengthens its relevance in Africa’s evolving financial ecosystem. What Stitch’s BNPL Product Brings to the Market Stitch is introducing a solution that allows customers to split payments into installments, while merchants receive full payment upfront.…

The evolving crypto framework in South Africa is drawing fresh input from industry players, with MoneyBadger calling for more focused oversight in the country’s draft capital flow regulations. The company argues that regulators should concentrate on high-risk areas instead of applying broad restrictions that could slow innovation. As South Africa refines its approach to digital assets, this feedback highlights the ongoing balance between control and growth. What the Draft Capital Flow Regulations Aim to Address South Africa’s proposed rules focus on how capital moves in and out of the country, particularly through digital assets. Regulators want to strengthen monitoring systems…

Proposed changes to crypto regulations in South Africa is drawing concern from industry leaders, with the CEO of VALR warning that certain provisions could expose firms to fines of up to 1 million rand. The draft framework aims to strengthen oversight of digital assets. However, it also raises questions about how strict enforcement could impact innovation and market growth. As South Africa continues to position itself as a leading crypto hub in Africa, the balance between regulation and industry development is coming into focus. What the Proposed South Africa Crypto Regulations Include The draft regulations introduce stricter compliance requirements for…

Western Union is preparing to launch its own dollar-backed stablecoin, USDPT, with a potential debut set for May 2026. The move signals a clear shift as traditional remittance giants respond to growing competition from blockchain-based payment systems. As digital assets gain traction globally, established financial institutions are moving beyond observation and into active participation. For Western Union, this marks a strategic attempt to modernize its cross-border payment infrastructure. What USDPT Means for Western Union’s Strategy USDPT is expected to function as a stablecoin pegged to the US dollar. It will likely enable faster and more cost-effective international transfers compared to…

Nigeria’s Web3 ecosystem is growing fast, but its funding structure tells a different story. Recent data shows that nearly 90% of Web3 funding in the country in 2025 came from grants rather than traditional venture capital or private investment. This trend highlights both the opportunities and limitations within Nigeria’s blockchain space. While developers continue to build and innovate, most projects still depend heavily on ecosystem support rather than market-driven funding. Why Grants Dominate Web3 Funding in Nigeria Grants have become the primary funding source for Web3 startups in Nigeria because they offer early-stage support without requiring equity or immediate returns.…

Reports indicate that Binance has frozen several peer-to-peer (P2P) accounts in Kenya following requests from local authorities, raising concerns among users about access, compliance, and regulatory pressure. The development highlights the growing intersection between crypto platforms and government oversight in Africa. As regulators tighten control over digital assets, platforms operating in the region face increasing pressure to cooperate with enforcement actions. What Led to the Binance P2P Account Freezes in Kenya The reported account restrictions appear to stem from investigations tied to financial activity on P2P markets. Authorities are said to be focusing on transactions that may relate to fraud,…

Rwanda is moving closer to formal crypto regulation as authorities consider a new draft law that targets unlicensed digital asset trading. The proposal introduces strict penalties, including jail terms and significant fines, for individuals and entities operating outside approved frameworks. The move reflects a broader effort by the National Bank of Rwanda to bring structure and oversight to the country’s growing crypto activity. As adoption increases, regulators are stepping in to define clear rules and reduce risks linked to unregulated markets. What the Rwanda Crypto Draft Law Proposes The proposed law focuses on enforcing licensing requirements for all crypto-related activities.…

Nigeria’s apex regulator has renewed its stance on crypto oversight, with the Central Bank of Nigeria (CBN) reiterating claims that Binance operated within the country without formal approval. The development adds another layer to the ongoing tension between regulators and global crypto platforms in one of Africa’s largest digital asset markets. As Nigeria continues to refine its approach to crypto, questions around compliance, licensing, and jurisdiction remain central. Why the Central Bank of Nigeria Says Binance Operated Without Approval According to the CBN, Binance did not obtain the required authorization to operate within Nigeria’s financial system. Authorities argue that the…

Cross-border payments in Africa are getting a digital upgrade as MoneyGram partners with NALA to introduce stablecoin-powered payout services. The collaboration aims to improve how money moves into and across Africa by combining traditional payment infrastructure with blockchain technology. As demand for faster and cheaper transfers grows, stablecoins are emerging as a practical solution. This partnership reflects a broader shift toward real-world crypto use cases, especially in regions where remittances play a critical role in everyday life. Bridging Traditional Payments and Stablecoins The partnership allows users to send funds using digital assets, which are then converted into local currency for…