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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