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Yellow Card’s African Push: Coinbase-Backed Platform Wins South African License
20.11.2024
Coinbase backed Yellow Card, a leading African crypto platform, has secured a crypto asset service provider (CASP) license from the Financial Sector Conduct Authority (FSCA) in South Africa. The license allows Yellow Card, which is also licensed in Botswana, to expand its operations and cater...
Rise of the Machines: African Students Fear AI Will Steal Their Jobs
16.11.2024
African university students are concerned about the impact of AI on job prospects, while experts argue for a balanced approach that embraces technology while mitigating its potential negative effects. Job Preservation vs. Development: The AI Dilemma Some African University students have voiced...
Withanage Foundation Bets Big on African AI With Launch of Research, Investment Program
10.11.2024
The Withanage Foundation is launching a research and development program and $500 million investment vehicle to support AI development in African agriculture, finance, and governance. AI for Data-Driven Innovation The Swiss-based Withanage Foundation has launched a research and development program...
African Payment System Gets Banker’s Endorsement, but Viability Questions Linger
8.11.2024
The Pan-African Payments and Settlements System aims to formalize $50 billion in informal trade and save the continent $5 billion in processing costs. Boosting Local Currencies Africa’s recently launched Pan-African Payments and Settlements System (PAPSS) could potentially bring $50 billion...
Linkedin Under Scrutiny for Potential South African Privacy Violations
23.10.2024
A South African artificial intelligence association has accused Linkedin of violating local data privacy laws by using user data to train its AI models without explicit consent. The association has urged the country’s data regulator to investigate. Linkedin has however defended its practices...
South African Bank Blocks Crypto Payments, Faces Industry Backlash
21.10.2024
South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry...
Behind Alchemy Pay and Yellow Card’s Bold Plan for African Crypto Adoption
18.10.2024
Alchemy Pay and Yellow Card have teamed up to make cryptocurrency more accessible in Africa. Alchemy Pay’s on-ramp product will utilize Yellow Card’s payment infrastructure in 20 African countries, allowing users to purchase crypto with their local fiat currencies. This partnership aims...
Uganda’s Mitroplus Labs Unveils Afro, a Pan-African Meme Token
25.9.2024
Mitroplus Labs Africa, a Ugandan blockchain education institution, launches “Afro” meme token on Tron’s Sunpump network. Afro, represented by an African girl, is intended to promote African identity in blockchain education. Founder Ivaibi Festo says Afro’s success will...
African economies show high potential for digital asset adoption
22.9.2024
South Africa emerges as a leading digital asset hub, driving growth in crypto with proactive regulations and expanding platforms like VALR
Bitget Reports 1,600% Surge in African Users
20.9.2024
Bitget has seen a significant increase in African users, driven by factors like copy trading popularity and the growth of the TON ecosystem. The exchange has focused on user education and accessibility to attract users in the region. Bitget Wallet has become a top-ranked app in Nigeria, surpassing...
South African Fintech Firm Raises $7.5 Million to Expand Financial Inclusion
30.8.2024
Omnisient, a South African fintech startup, secured a $7.5 million Series A investment from Arise to support its mission of enhancing financial inclusion across Africa and beyond. The investment will help Omnisient expand its technology to African, European, and U.S. markets. The startup is also...
US, African Nations Discuss Responsible AI Use in Military Applications
24.8.2024
The United States is urging countries to collaborate on the responsible use of artificial intelligence (AI) in military applications. A senior State Department official, Mallory Stewart, emphasized the need for countries to agree on AI guidelines that align with international laws. Concerns about...
Yellow Card, Fireblocks Partner to Streamline African Cross-Border Payments
23.8.2024
Yellow Card, a leading stablecoin platform, has partnered with Fireblocks, a digital asset infrastructure provider, to improve cross-border transactions in Africa. By leveraging Fireblocks’ technology, Yellow Card aims to provide secure and efficient on-chain solutions for businesses...
African Union greenlights AI adoption across member states
11.8.2024
The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth that aligns with Nigeria’s digital transformation goals
East African Scientists Use AI for Accurate Extreme Weather Forecasts
6.8.2024
Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to enhance the accuracy of extreme weather predictions. The region faces increasing frequency and severity of extreme weather events due to climate change. By combining...
Pan-African Tech Firm Cassava Technologies Launches AI Unit
5.8.2024
Africa-focused technology and data services firm Cassava Technologies has created a separate business unit to oversee its artificial intelligence (AI) operations. The AI unit will offer data center, cloud, cybersecurity, fiber connectivity, and renewable energy services. Helping Clients Adopt...
South African Crypto Asset Marketplace Initiates $1.64 Million Capital Raise
5.8.2024
The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative returns while they remain in their homes. Regulated...
South African Startup Neonomad to Launch Rand-Backed Stablecoin
24.7.2024
Neonomad, the South African hybrid exchange platform, is set to launch Zarcoin, a stablecoin tied to the South African Rand. This innovative stablecoin epitomizes the seamless integration of regulatory safety with decentralized efficiency. Neonomad’s platform will also facilitate multiple...
African Union Approves Continent’s Artificial Intelligence Strategy
21.7.2024
The African Union (AU) has approved its Continental Artificial Intelligence (AI) Strategy and African Digital Compact to drive Africa’s digital development. These initiatives aim to accelerate digital transformation by leveraging new technologies while ensuring ethical use and minimizing risks....
South African Exchange Luno Leverages Fireblocks’ Enterprise-Grade Digital Asset Platform
19.7.2024
South African crypto exchange Luno has announced that it is integrating its platform with Fireblock’s enterprise-grade digital asset transfer platform. Aleks Andjelopolj suggested that leveraging Fireblocks means Luno users will experience the same immediate transaction settlement enjoyed...