Sats & Gwei 14 | fundraising season, first official Bitcoin event in Africa and more💯⚡

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

It was a long time coming but the Merge finally happened, and it was a huge success. While we continue post Merge celebrations, we dive into some crypto updates across Africa.

Crypto Exchange LBank, targets the African cryptocurrency market with 17 Web3 projects. The exchange aims to facilitate mass adoption of Web3 applications and cryptocurrency investments on the African continent. with multiple growth-oriented projects and initiatives already set up.

Old Mutual, a trusted financial institution in South Africa, gets behind Rand-backed crypto stablecoin. ZARP, which claims to be the only bank-approved, fully backed, transparent, and audited stablecoin for the South African Rand, appointed Old Mutual Wealth to manage the cash reserves of the rand-backed stablecoin. They believe this will further enhance trust and transparency. 

 Play To Earn (P2E) continues to gain traction globally, especially in Africa. Carry1st, a mobile publisher in Africa, received a $20 million investment fund from Alphabet, a16z, and a host of other organizations, to drive play-to-earn in Africa. 

While Nigeria continues to hit new strides in crypto, some other countries continue limiting its mass adoption. Nigeria’s global Bitcoin trade hit $3 trillion, however, the Central Bank of Egypt renewed warning against dealing in cryptocurrencies. This might seem to be a setback but it is only a step to further crypto adoption and enlightenment in Africa.

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Sats & Gwei is a BanklessAfrica podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa.

 

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

 

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