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STABLECOINS | Tether Brings $USDT to Bitcoin via Lightning Network in Groundbreaking Integration
Tether is launching its stablecoin, $USDT, on the Bitcoin Lightning Network, enhancing transaction capabilities and potentially revolutionizing payments, especially in emerging markets. This integration promotes scalability and aims for mass adoption of stablecoin payments.
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CRYPTO EXCHANGE | Nigerian Crypto Exchange, Patricia, Insists Customers Will Be Paid Despite Escrow Trustee, DLM Trust, Ending Agreement
DLM Trust denied claims of a partnership with Patricia Technologies, citing breaches of agreement. While DLM ended its role as Escrow Trustee, Patricia insists repayment plans will proceed despite the disruption and customer frustrations from previous withdrawal issues.
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FINTECH AFRICA | FlutterWave Shuts Down Consumer Facing Product, Barter, to Focus on Enterprise and Remittance Products
Flutterwave will discontinue its virtual card service, Barter, on March 12, 2024. Launched in 2017 with VISA, Barter aimed to enhance personal and small merchant payments across Africa.
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Telegram Introduces TON Space, a Self-Custodial Wallet
Telegram is launching TON Space, a self-custodial cryptocurrency wallet for its 800 million users, allowing them to send and receive TonCoin. This feature will roll out globally in November 2023, excluding some countries. It reflects Telegram's vision of integrating digital ownership and Web3 services within its platform.
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PRESS RELEASE | Global Stablecoin Fintech, RedotPay, Launches ‘Send Crypto, Receive NGN’ via Ripple Payments

[PRESS RELEASE]
RedotPay, a global stablecoin-based payment fintech, today announced a partnership with Ripple, a financial technology company that offers crypto solutions for businesses to extend its stablecoin payment capabilities. In tandem, RedotPay is launching its “Send Crypto, Receive
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2024 MILESTONE | Stablecoins Locked on Ethereum Layer 2 Networks Surpass $13 Billion in 2024, USDT Dominates
Stablecoins on Ethereum layer-2 networks have reached $13.5 billion, driven by demand, with Tether, Circle, and Ethena leading in supply. The overall stablecoin market surpassed $205 billion by December 2024, demonstrating significant growth in the cryptocurrency ecosystem.
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Zimbabwe’s Blockchain-based E-Livestock Global to Expand Livestock Traceability System Across Africa Post Pre-Seed Funding
E-Livestock Global, a Zimbabwean startup which has developed hardware and software to generate vital data on livestock, plans to expand to several new markets following its increasing performance.
E-Livestock Global was founded in 2019 and launched in 2021 to capture cattle data and enable
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PARTNERSHIP | Jambo and Coinbase Partner to Provide Mobile Devices and Onchain Services in Africa, Asia, and South America
Jambo, a builder of Web3 mobile infrastructure to unlock the digital economy in emerging markets, today announced its partnership with Coinbase, a leading and trusted place to buy, sell, store, and transfer digital currencies.
JamboPhones will now feature Coinbase Wallet, a self-custody crypto
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FUNDING | Nigeria’s YouVerify Raises $2.5 Million After Doubling Client Base in Less Than 2 Years
YouVerify, a Nigerian identity verification company, raised $2.5 million from Elm. It aims to enhance AML compliance and global risk intelligence, expanding its verification services across 145 jurisdictions and 46 countries while serving 800 clients.
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FUNDING | WorldCoin Looking to Raise $50 Million in Discounted $WLD Token Sale to Investors
Tools For Humanity is in talks to raise $50 million through an over-the-counter sale of $WLD tokens at a discount. Despite regulatory issues in Kenya, WorldCoin has seen significant participation and funding from notable venture capitalists.
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CBDC | Blockchain Solutions Platform, Gluwa, Meets Vice President of Ghana as it Explores Providing Adoption Support for the eCedi CBDC
Gluwa's CEO, Tae Oh, met Ghana's Vice President to discuss tech solutions for financial inclusivity, focusing on the country's CBDC development and a satellite-based ISP to enhance digital access. Gluwa is also collaborating on Nigeria's eNaira and exploring a CBDC for Liberia.
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