Nov 25, 2023
(TechNext24) - Yellow Card, Africa’s leading licensed Stablecoin on/off ramp, has been awarded the prestigious “AFIS Disrupter of the Year Award” at the 2023 Africa Financial Industry Summit. The award ceremony, held in Lomé, Togo, recognizes Yellow Card’s outstanding contributions to innovation and resilience in the African financial sector.
The Disrupter of the Year Award acknowledges companies that have demonstrated resilience in challenging times and whose innovation represents a market disruption. Yellow Card emerged victorious in a field of strong contenders, including Moniepoint, Sparkle, Ejara, and Bamboo. The award was received by Chris Maurice, co-founder, and CEO of Yellow Card, who expressed his deepest gratitude for the recognition.
Speaking upon receiving the award, Maurice said:
“This award is further validation that our team is solving important, practical problems across the continent for businesses. We have come a long way for a Stablecoin company to win a traditional finance award voted by judges who are all bankers.”
In addition to receiving the award, Chris was a featured speaker at the event that brought together over 1,000 financial industry leaders, regulators, bankers, and fintech entrepreneurs.
You can read the full article here
Nov 20, 2023
(Mariblock) - The novel feature is built on top of the crypto company’s VALR’s application programming interface (API).
South African fintech Stitch has launched a new cryptocurrency payment-based product. Tagged “Pay with Crypto,” this feature allows users to transact using cryptocurrencies, while businesses can now settle transactions using the South African rand.
The feature is built on top of crypto company VALR’s application programming interface (API).
With Pay with Crypto, customers can use cryptocurrency stored in their VALR or Binance wallets to deposit or complete a transaction. Alternatively, they can send Bitcoin or Ethereum directly.
You can read the full article here
Nov 24, 2023
(theafricareport) - Under investigation by US authorities, the CEO of the cryptocurrency exchange has chosen to resign from his company in order to preserve it.
Just over a year ago, Changpeng Zhao (“CZ”) confided his continental ambitions to us. According to him, Binance, the cryptocurrency exchange platform he founded in 2017, was expected to have “multiple locations in all sub-regions”. The Chinese-Canadian executive said he was convinced he could make “more money in developing countries” than in the US and Europe.
You can read the full article here
Nov 22, 2023
The island has seen more activity from global crypto companies than most African countries due to its relaxed KYC guidelines and loose virtual asset regulations.
The Financial Service Authority (FSA) of the cryptocurrency-friendly Seychelles has published a list of unregistered virtual asset service providers (VASPs) in the country that carry out their activities as if they were licensed.
It warned Seychellois to refrain from dealing with these companies.
In a joint press release dated Nov. 20, the FSA and the registrar of companies accused 50 unlicensed companies, of offering VASP services without authorization.
It said that the services of the listed companies do not follow the country’s anti-money laundering and countering the financing of terrorism (AML/CFT) guidelines.
Since these companies are unregulated, it is difficult for the government agency to oversee their affairs, ensure compliance and protect consumers, the FSA added.
In addition, the FSA warned its citizens to stop patronizing these companies and report any activities of these VASPs to the relevant authorities.
You can read the full article here
Nov 20, 2023
(TechNext24) - Due Network provides multi-currency accounts, global transfers/remittances and merchant acquiring for businesses and individual
Due Network, a crypto payments start-up has announced its expansion into one of the largest crypto markets in Africa, Nigeria. In a press conference that was held on Tuesday, November 14, executives of the company highlighted the solutions Due Network will be offering to Nigerians.
Established in 2022, Due Network is a London-headquartered fintech startup which recently announced its $3.3 million Seed round to further develop and expand its fiat currency connectivity to more markets.
With a vision to reshape international payments through stablecoins and blockchain technology, Due Network provides multi-currency accounts, global transfers/remittances and merchant acquiring for businesses and individuals.
You can read the full article here
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