Crypto payments company Lazerpay shuts down operations due to funding crunch
The company joins a growing list of African companies closing shop as the crypto winter lingers.
Nigeria
Latest stories and analysis of blockchain and digital assets developments in Nigeria.
5 billion reasons Africa needs to ditch the U.S. dollar for cross-border trade
Although the U.S. accounted for less than 10% of Africa’s total trade in 2019, nearly half of Africa’s trade is settled in U.S. dollars. The mismatch in commercial and payment flow cost Africans $5 billion yearly, Kioneki writes.
Nigerian venture capital firm EchoVC launches an $8 million blockchain fund
The firm aims to fund solutions across multiple areas of blockchain use cases.
Swiss-based CV Labs selects three African startups for its accelerator program
Six other startups were also selected to be a part of the program
Blockchain property tech startup raises $400,000 in funding
African startup HouseAfrica has raised investment from Future Africa, CV CV and others to push its new product Sytemap.
Peer-to-peer bitcoin exchange Paxful suspends operations amid cofounder legal troubles
CEO Ray Youssef announced the news via a website statement, noting he is unsure whether operations will resume.
Crypto exchange Bybit partners Nigeria-based Innovation Growth Hub for blockchain education
“Our goal is to give young people the knowledge and skills they need to understand and engage with blockchain technology,” a Bybit spokesperson said.