Ripple has identified Africa as the next major growth market for its US dollar-backed RLUSD stablecoin.

On Sept. 4, Ripple announced that it has partnered with fintech firms Chipper Cash, VALR, and Yellow Card to make RLUSD more widely accessible across the continent.

This initiative marks Ripple’s latest move to position RLUSD as a practical tool for payments and settlements in regions with limited access to reliable financial infrastructure.

Already, Ripple is using the digital asset for social impact projects across the continent.

In Kenya, one program focuses on climate-related challenges, where Ripple provides drought insurance by holding funds in escrow accounts that are automatically disbursed to farmers when satellite data indicates severe water shortages.

A second pilot applies the same principle to rainfall, offering payouts when flooding or heavy storms disrupt livelihoods. Both projects use smart contracts to guarantee transparency and speed, reflecting how stablecoins can serve purposes beyond trading and speculation.

Jack McDonald, Ripple’s senior vice president for stablecoins, said the token has already carved out a role in institutional use cases. These range from payment solutions and tokenization projects to serving as collateral in both crypto and traditional markets.

He added:

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“We’re seeing demand for RLUSD from our customers and other key institutional players globally and are excited to now begin distribution in Africa through our local partners.”

Since launching earlier this year, RLUSD has gained momentum, reaching a market capitalization of more than $700 million.

Africa’s stablecoin market

Ripple’s push comes when stablecoins are becoming more prominent on the African continent.

A recent study from Yellow Card found that stablecoins made up 43% of crypto transaction volume in Sub-Saharan Africa.

Another report from the International Monetary Fund estimated that stablecoin flows reached nearly 7% of the region’s total GDP for last year.

According to these reports, stablecoins have become the backbone of digital asset activity on the continent as businesses and individuals increasingly rely on them to bypass foreign-exchange shortages, reduce settlement delays, and perform international transactions.

The reports showed that Tether’s USDT plays a dominant role on the continent, processing more than half of the total transactions.

Mentioned in this article

This week at Africa Crypto News, payment processing giant MasterCard announced it will use USDC to expand its Global Digital Settlements partnership with Circle. Like the Tether USDT, USDC is one of the most popular, allowing for inexpensive and instant global value transfer.

Meanwhile, in Kenya, Invastor has launched an education program aimed at political stakeholders and leaders. Over the past few years, Kenya has taken steps to create clarity in regulations with crypto. The Virtual Asset Service Provider Bill (VASP) is being considered in Congress and could ultimately be enacted by law.

Meanwhile, international law enforcement agency Interpol has implemented a major operation to seize fraudulent Bitcoin and crypto mining operations across the continent. Crypto-mining is energy-intensive and farms can be difficult to run in areas with priorities that enhance critical services, such as healthcare.

https://www.youtube.com/watch?v=8biv8ensnla

Explore the story that will make headlines for the continent this week:

Africa Crypto News: MasterCard expands its partnership with Circle

MasterCard, an international credit and debit card service provider, has it Expansion Partnerships with circles to promote payments in the Middle East, Africa and Eastern Europe.

This agreement will allow MasterCard users in these regions to resolve transactions using USDC and to purchase in some cases. Top Solanamime Coin. Payment processors and card issuers are leveraging trustworthy global infrastructure for this initiative.

Stablecoins provide a relatively secure way to handle crypto as their value is fixed on stable assets such as USD and Euro. MasterCard benefits crypto users by linking blockchain native assets with traditional Fiat systems. Sol ▲2.15% Owner.

(Source: TradingView Sol USDT)

Dimitrido Tosis, president of Eastern Europe, the Middle East and Africa, explained the benefits of the partnership as follows:

“This is a key move for Mastercard, and our strategic goal is to integrate stubcoin into the financial mainstream by investing in infrastructure, governance and partnerships.

The news is a major milestone for the blockchain sector and is moving away from its early reputation as a hub of fringe assets towards mainstream adoption.

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Kenya Crypto News: Invastor is investing in education programs

Available at Digital Finance Platform Infastor announcement An education initiative aimed at Kenyan lawmakers. The program provides lawmakers at various government levels with small amounts of crypto to manage as part of their portfolio and provides guidance on the handling of digital assets. The best cipher to buyLike Bitcoin ETH ▲2.94%.

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Invastor is making this effort to help lawmakers better understand crypto assets and enact appropriate laws for the sector. Kenya’s Parliament is currently considering the Virtual Asset Service Provider Bill (VASP).

Kenya’s approach to digital assets is evolving. From attention to leadership, support blockchain innovation, stable development, exploring Bitcoin reserves.

With national policies regarding the Virtual Asset and Virtual Asset Service Provider (VASP) draft bill, we have… pic.twitter.com/xqfphmvqq7

– Hon. William Cabogo (@honkabogo) July 10, 2025

Invastor CEO Chris Esukumo highlighted the importance of Kenya’s digital payments and the potential for crypto growth. Esukumo pointed out that Kenya has shown the world how to jump legacy systems with mobile money. He now expects they will do the same thing in cryptography.

Binance has also participated in stakeholder engagement in the VASP bill, strengthening the importance of Kenya as a crypto hub.

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Zambia and Angola Crypto News: Interpol cracks down on Zambia and Angola scams

It’s located at Interpol carried out A major seizure targeting crypto fraudsters and illegal operators across the continent, focusing on Zambia and Angola to arrest cybercriminals.

Zambian authorities have shut down a massive crypto investment scam that has scamned an estimated $300 million victim. The surgery led to 15 people being arrested. Additionally, there was domain and bank account seizure to prevent further fraud.

https://www.youtube.com/watch?v=ukd82gnveu

In Angola, authorities have shut down around 45 illegal crypto mining operations using electricity designated in vulnerable areas. Crypto miners face challenges in electricity consumption as they are unable to meet their needs in some regions.

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African Crypto News During Review: Momint is closed in South Africa as Tether expands its crypto education to Zanzibar. Aptos and Yellow Card partners that promote the adoption of Stablecoin.

After signing a memorandum with local governments, Tether expanded its blockchain initiative to Zanzibar. In South Africa, NFT publisher Momint has shut down, signaling the end of the era. Meanwhile, Yellowcard has partnered with Aptos Labs to offer zero Fee Stablecoin transactions across Africa.

Explore the headlines for these continents below.

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Tanzania Crypto News: Tether expands education initiative to Zanzibar

USDT publisher tether has Expansion Blockchain education initiative for Zanzibar.

The announcement came with news of its partnership with local payment startup Zam Maripo.

Tether has signed a memorandum with local governments to promote blockchain education and promote the adoption of crypto.

Tether CEO Paolo Ardoino said he wants to use blockchain to create a digital economy that enhances lives.

“By combining clarity with educational investment and integration of digital assets, we lay the foundation for a compliant, scalable and comprehensive digital economy. By working together, we hope to leverage the power of blockchain to create a digital economy that supports the economic development of Zanzibar.”

Zanzibar is one of the most popular tourist destinations in Africa. Tether has increased its presence in this hub and benefits from local and international payments in this market.

https://www.youtube.com/watch?v=6z1rl3dvyp8

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South Africa’s Crypto News: NFT Marketplace Closing Shop

South Africa’s NFT Marketplace Momint shutdown After four years of surgery this week.

Momint was the first local NFT marketplace and launched worldwide amid the historic NFT boom.

https://www.youtube.com/watch?v=e52x9dcmqae

Momint has pivoted from NFT to tokenization of real-world assets and tried to join in some of the best cryptography to buy. ONDO Finance. By 2024, trading volumes increased by over $2 million, and things seemed to be on track for a while.

We did that! Momint was selected as a top finalist at the FutureTech World Cup held at the Dubai AI & Web3 Festival!

Without the unwavering belief and support of incredible users, this would not have been possible. “We’ll grab Momint* for you!” #seizethemomint #ai #web3 pic.twitter.com/q7ucw3qypf

– Moment § (@momint_official) September 16, 2024

However, the combination of liquidity challenges and local regulations ultimately rendered the company’s operations unacceptable.

Africa Crypto News: Aptos and Yellow Card join hands

Crypto service provider yellow card Partner Sing and apt ▲0.71% To provide instant zero-foot transactions across Africa.

Aptos offers a superior transactional infrastructure for a robust blockchain, with multiple of them 1000X Cryptos.

https://www.youtube.com/watch?v=1ea3wfly1ww

Yellowcard aims to grow its user base by leveraging tens of millions of potential crypto users in sub-Saharan Africa.

“We’ve got a lot of money to pay,” said Alex Heuer, Aptos Labs’ Payment Manager. “Africa is leading the way in adopting Stablecoin for practical use cases, and our zero-FEE, instant payment capabilities are perfectly suited to meet this demand.”

Low-cost transactions are a key component of this vision. Current mobile money providers and traditional banking systems have significant transaction fees for users across the continent.

Yellowcard has benefited from this partnership and appears to carve out a niche in this growing and competitive market.

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Latest African Crypto News: South African Crypto Payments reached 2m Rand per month as Kenya eliminates a 3% crypto tax. Yellow cards are about to expand their use of Stablecoin.

South Africa remains a pioneer of the continent, with Luno paying an average of R2 million crypto retail payments each month. In Kenya, the Congress has abolished a 3% tax on total crypto revenues. Meanwhile, the Yellow Card aims to intensify ridiculous use across French-speaking Africa.

Explore the headlines for these continents below.

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South Africa’s Crypto News: Payments exceed R2 million per month

South Africa continues to demonstrate a strong embrace of cryptocurrency.

Research with Luno Crypto Exchange show Its retail payment tool has earned Rand averaged 2 million times more encryption than its past six months. This figure is impressive considering that there is only one retail payment service operated in the country.

https://www.youtube.com/watch?v=en41anurroy

South Africa has shown a growing desire for crypto payments beyond standard speculative holdings, including several. Top Solanamime Coin.

In a statement, Luno’s country manager Crhristo de Wit said crypto payments are becoming more common in everyday purchases.

“The desire for digital currency trading in everyday commerce is increasing. The broad trading spectrum shows that cryptocurrency payments are becoming more common with everyday purchases and large expenses. Our data shows that many customers regularly purchase Luno and pay for the service regularly.”

Cryptocurrency had little impact on the share of global payments through Fiat currency.

Still, this report highlights the possibility of several transactions. The best cipher to buy In the growing African market.

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Kenya Crypto News: Legislators Remove 3% Digital Property Tax

After successful lobbying by stakeholders, Congress has It has been eliminated 3% digital asset tax on crypto and digital assets.

Taxes fell after lobbying led by Pricewaterhousecoopers (PWC).

Finance Committee Chairman Kimani Kuria noted that industry advocates will persuade legislators to abolish taxes. The measure awaits the President’s consent before it is officially enacted.

https://www.youtube.com/watch? v = quvieojfwvo

The victory highlights the importance of working with regulators, ensuring sensible regulations and avoiding punitive taxes that curtail the crypto industry.

African Crypto News: Yellow Cards Increase Stable Usage in French-speaking Africa

After the successful year of expansion, Fintech and crypto service provider yellow cards aim to expand their footprint across the French-speaking countries.

Deputy Regional Director Rowe Sall It’s attracting attention This effort addresses the ridiculous low adoption rates in the area.

According to Sall, Stablecoins have less than 20% adoption rates for crypto payments in West and Central African countries, compared to about 50% in other parts of Africa.

https://www.youtube.com/watch?v=1ea3wfly1ww

Most French-speaking countries still rely on CFA francs for commercial transactions, offering the opportunity for stubcoins to serve as an alternative to crypto transactions.

Backed by heavy investments from Blockchain Capital, Yellow Cards have the resources to expand the scope of crypto payments across the region.

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In the latest news from Africa Crypto News, Visa is partnering with Yellow Card as Empowa expands to Nigeria. South African crypto players are calling for reforms to unlock tax revenue.

Blockchain housing startup Enkova has expanded its presence in the Nigerian market after partnering with local players in the housing sector.

Meanwhile, international credit card company Visa is partnering with Yellow Cards to expand its reach in Africa and other continents.

In South Africa, crypto stakeholders have reinforced the demand for reforms in the classification of crypto assets.

Explore the headlines for these continents below.

Kenya Crypto News: Empova expands to Nigeria

Blockchain housing finance platform Enkowa enter Nigerian market. This expansion was made possible through partnerships with Nigerian housing finance platform Propay and other cooperative companies across the country.

https://www.youtube.com/watch?v=qgjh5uejbqu

Empova initially relied on a model that was launched in Mozambique and was tokenized to sell the home. The platform is currently moving to partnering with institutional investors and banks to fund housing initiatives.

Instead of holding cash in the bank, investors can purchase EMP tokens and maintain full access to their balances.

EMP token holders have an on-chain profile that can be used by banks and other players in the housing market for a variety of funding options.

This model connects real estate investors with potential institutional funders in ways traditional banks cannot.

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African Crypto News: Visa is holding hands with yellow cards

Visa, a global card payments company, is expanding its Stablecoin business in Africa, Europe and the Middle East.

To expand their reach in Africa, they got the popular payment platform Yellow Card.

Just in case you miss it! Announced a partnership with @visa in #VPFCEMEA2025!

We team up to explore Stablecoin use cases with a focus on streamlining our financial processes and enhancing liquidity management.

Read more: https://t.co/dkofha4qbl pic.twitter.com/nhnv04pxfy

– Yellow Card (@yellowcard_app) June 19, 2025

This partnership allows Visa to participate in a new international payment paradigm of borderless payments.

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Visa leverages a robust global infrastructure and aims to benefit from an increase in crypto activity across the continent.

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South Africa’s Crypto News: Reforms to Unlock More Crypto Tax Revenues

South African crypto stakeholders have Enhancement A demand for regulatory reforms to classify crypto as a land assets.

Africa’s general manager, Marius Leitz, claims that regulatory uncertainty has caused the country to lose more than R500 million in crypto revenue.

Similarly, Frank Leodette, founder of Crypto Exchange Afridax, noted that a clear classification of Crypto assets would allow the release of products such as Exchange-Traded Funds (ETFS) into the South African market.

https://www.youtube.com/watch?v=iebj6pg7zqk

This refinement allows institutional investors to fully participate in the sector. This then increases the reliability of the crypto, resulting in several capital flows. Best Meme Coin ICO.

These are not the first requests for regulators to modernize the country’s cryptographic laws. A high court judge recently pointed out that South Africa still relies on apartheid-era laws to regulate modern industry. This coordinated effort should lead lawmakers to action to ensure regulatory clarity in this market.

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African Crypto News: South African judges hope Tether is ready for cryptographic preparations to invest in Shiga Digital.

A South African judge criticized the country’s financial regulators for relying on apartheid-era laws to regulate codes. In Kenya, a central bank survey revealed that the number of banks is increasing to support cryptocurrency payments. Meanwhile, Tether, the publisher of the popular USDT Stablecoin, is investing in Shiga Digital, a Pan-Africa crypto and fintech platform. Tether wants to expand its presence on the continent.

Explore these code stories that dominated African headlines this week.

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South African Crypto News: Judges Want Modern Laws

Mandrenkosi Mosa, a judge of the South African High Court, It was criticized South Africa Reserve Bank for regulating cryptography using apartheid-era law.

He said that codes have been around for 15 years and there is no reason to continue using outdated laws.

These comments were made in an award that included James Ewing & Sons, which was transferred to the international crypto exchange by South African Bank Standard Bank and James Ewing & Sons.

https://www.youtube.com/watch?v=iebj6pg7zqk

Part of the discussion centers around South Africa’s Exchange Management Act.

Judge Motha agreed to filings made during the case regarding the inadequacy of old laws to regulate cryptography, including some The next cipher that explodes.

These comments highlight the need to modernize crypto exchange management and related laws. It comes especially when South Africa becomes a crypto hub.

South Africa is quietly becoming Switzerland in Africa’s C-Leipt…

248 cryptographic licenses had been approved by December 2024, 420 applications were received, and only nine were rejected.

This is the approval rate of 95% or more for companies that meet the standard.

What is driving this:

– Clear…

– idris (@olanetsoft) June 3, 2025

Kenya Crypto News: Ready to provide Crypto Services

According to central bank innovations investigationalmost a third of Kenya’s banks are ready to support crypto trading.

Congress is currently discussing the law on virtual asset service providers, and the findings show that the banking sector can support it.

https://www.youtube.com/watch?v=cumkpoloaoo

The survey is informal, but it shows the opportunities banks can see in the industry.

The banks are warming ten years after the central bank of Kenya discouraged the bank from engaging in Bitcoin and crypto.

(sauce)

If the VASP bill before Congress was enacted in law, it could be a fork moment for crypto, allowing businesses to operate within a defined regulatory framework.

Millions of Kenyans are already trading in a variety of cryptos, and supportive frameworks can further promote use and even let more capital be leaked to some. Best Meme Coin ICO.

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African Crypto News: Tether is investing in and looking to expand in Shiga Digital

Tether, the publisher of USDT, has expanded its presence in Africa investment Participate in digital.

The Stablecoin publisher aims to improve the use of USDT for cross-border African settlements. Most importantly, the wide reach and reliability of USDT can provide valuable liquidity to Shiga Digital.

Do you need a simple and easy way to receive GBP or Euro from Stablecoin to your bank account? Simply share your Shiga Stablecoin wallet and receive GBP or Euros in either your GBP or Eur Bank account.

Once you have set up your account, simply send it to the one you associate with Stablecoin…

– abiolashogbeni.eth (@shogz_snr) January 2, 2025

USDT is a key trading pair for thousands of cryptos and a safe shelter for traders looking to mitigate trading volatility.

Shiga Digital is building a product suite and off-the-shelf service for its users, so this partnership could be a win-win.

Shiga Digital specializes in blockchain apps for digital finance and cloud technology.

It has a Pan Africa focus, with co-founder Abiola Sigbeni bringing insight into the African market.

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The Zimbabwean government is trying to use blockchain to reestablish the reliability of the carbon credit market. Transparency concerns have made international investors wary of investing in this market. Meanwhile, Zap Africa is trying to cancel some of the damage caused by FTX and CBEX in the Crypto Exchange landscape. At the international level, proposed taxes on remittances from US immigrants can create opportunities for crypto platforms.

Explore these stories that make up the week’s headlines on the continent.

Zimbabwe Crypto News: Release of Blockchain Carbon Trading Registry

Zimbabwe Carbon Market Authority owns Release Blockchain carbon credit registry to increase transparency in the carbon credit sector. This move comes as governments try to increase the reliability of the carbon market following years of unpredictable policy decisions.

The implementation of blockchain-based systems is directed at restoring investors’ trust in this sector.

The international carbon credit market is growing, with Gulf countries, Western countries and businesses looking to offset some of their carbon emissions with credits from developing countries.

The Zimbabwean government expects the move to be important in enhancing the country’s profile on the international stage.

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Nigeria Crypto News: ZAP Africa Reconstruction

Cryptocurrency exchange Zap Africa is I’m watching Reconstructing the reliability of Nigeria’s crypto exchanges.

Co-founder Tobi-Asu Johnson argues that their efforts are driven by damage to the reputation of international exchanges such as FTX and Celsius.

Locally, the collapse of the CBEX exchange left thousands of Nigerians in Limbo, adding more eggs to the face of the industry.

ZAP promotes crypto swaps and exchange services from banks to crypto and crypto, indirectly allowing African investors to be exposed to some 1000x cryptography opportunities. Furthermore, their focus on lower custody is one way to reduce the points of failure in exchange.

Exchange your ciphers with Fiat faster, easier, and at the best speed.

Tell your friends to tell your friends pic.twitter.com/vg4xkued8t

– Zap Africa (@getzapnow) May 14, 2025

Given the bad press created by the collapse of CBEX, this effort must be collaborative and consistent.

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African Crypto News: 5% Remittance Proposal

The Trump administration is considering it Impressive 5% tax on remittances by non-citizens in the US as part of a broader shift in immigration policy.

Migrant remittances from Africa, Latin America and South Asian countries are major contributors to their respective economies and families.

The proposal could quickly affect countries like Nigeria, where families in their hometown receive billions of dollars in immigrant remittances. Most of these remittances are through digital service providers like PayPal, and could enforce US-directed taxes. This tax could force some immigrants to consider alternatives, boosting some adoption The best code for purchasing including Bitcoin.

(btcusdt)

The code is borderless. As a result, it is difficult for authorities to implement taxes on such transfers. At first glance, this proposal will help to promote the adoption of crypto. This is because more migrants prefer crypto rails than traditional remittance solutions.

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Post Africa Crypto Week of Review: Zimbabwe Blockchain Carbon Registry, Zap Africa Reconstruction Trust in Nigeria, first appeared in 99 Bitcoin.

The Worldcoin project faces legal challenges in Kenya after the court ordered the removal of collected user biometric data. Meanwhile, the controversial crypto exchange CBEX has attempted to restart, further scrutinizing after a recent failure. In Nigeria, the Zone Blockchain Network is partnering with two Fintech platforms to increase payment efficiency.

Explore these headlines from the continent this week.

Kenya Crypto News: WorldCoin has been ordered to delete biometric data

A Kenyan court ordered WorldCoin, a project by Sam Altman, to remove biometric user data collected from citizens.

This command Continue A few months of government scrutiny on Worldcoin’s activities within the country. The platform attracted attention for its controversial orbs. This was when users scanned Retinas and accessed them in exchange for free ciphers.

Judge Rose Abrili on Monday ruled that the data collection was illegal and violated Kenya’s data protection law. The court found that providing free code constitutes an incentive and undermines informed consent.

WorldCoin has seven days to delete data collected under the supervision of the authorities. This setback complicates Worldcoin’s business in Kenya, with analysts closely monitoring the impact on WLD. Supporters are the coins in it The best cipher to buy Second quarter 2025.

(wldusdt)

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African Crypto News: CBEX attempts to restart

The controversial crypto exchange CBEX is attempting to reboot to restore investor trust. Platform announcement A new withdrawal option after a chaotic month in which its activities were scrutinized amid fears of fraudulent manipulation.

Nigerian authorities have charged eight individuals, including four Kenyans, with allegedly being behind the operation.

CBEX is currently trying to alleviate concerns about a potential collapse. For weeks, users were unable to withdraw funds, driving controversy over their business model.

However, the new plan is controversial. Users over $1,000 on the platform will need to pay a $100 fee to withdraw up to 50% of their initial deposits.

Has CBEX crashed?

Someone had $89,000 locked inside the platform and since then he was unacceptable.

Even if we retreated for this sad development and CBEX users, this was CBEX’s office in Ikeja this afternoon.

To know that there are so many foolish people in our country… pic.twitter.com/dp0p0abyn0

– abode (@iamabode) April 11, 2025

Requiring users to pay to access funds adds further doubt to companies that are already under scrutiny due to an overly generous promise.

It is unlikely that this reboot attempt will restore its reputation as authorities continue to investigate its operations.

Nigeria Crypto News: Accelerex and ITEX join zone blockchain

Available on Nigerian fintech platforms Accelerex and ITEX Participation Regulated zone blockchain.

This partnership leverages the robust infrastructure of the zone to eliminate transactional obstacles and streamline payments. Some of these funds are Hottest Presale of 2025.

Nigerian leading PTSPs Accelerex and ITEX have joined the zone payment network! Here’s the future of payments. #wearezone #connecttotheFuture pic.twitter.com/99ctcveb1k

– Zone (@zonenetworkhq) May 5, 2025

Accelerex and ITEX provide terminals across Nigeria for quick cash withdrawals via debit cards or mobile transfers.

Processing transactions in a chain reduces dependency on third-party processors and reduces operational costs. This efficiency is consistent with the business model of these fintech companies, which prioritize user convenience.

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African Cryptography Week after Review: A Kenyan court ordered worldcoin to delete biometric data, restarting the CBEX plan, Nigerian Fintech joined the zone blockchain, first appearing in 99 Bitcoin.