BitKE

The Tezos blockchain community hosted its first Ideathon in Kampala, Uganda, aimed at creating real-world solutions. Five innovative teams were selected to develop their ideas, vying for a funding prize of 1 million UGX from the Tezos International foundation.

PayCorp has launched CryptoExpress, an app that simplifies converting cryptocurrencies to cash for South Africans. It connects with crypto wallets, enables transactions at over 3,000 ATMs, and incorporates security measures, supporting Bitcoin, Ethereum, USD Coin, and Tether.

Block Inc., the parent company of Cash App and led by Jack Dorsey, the Founder and former CEO of X (formerly Twitter) has been fined $40 million by the New York Department of Financial Services (NYDFS) for significant deficiencies in its anti-money laundering (AML) and compliance programs related

New study reveals the sectors that offer cryptocurrency as a payment method:

The Retail & E-commerce sector takes the crown with 60 companies accepting crypto
Food & Dining is second with 54 companies, while Luxury Retail is third with 35
Travel and Hospitality comes in fourth, and the top

WorldCoin, launched on July 24, 2023, focuses on digital identity and universal basic income. Despite claiming 2 million signups, only 13% hold the $WLD tokens, with ambitions to reach 2 billion participants worldwide. The initiative includes a privacy-focused digital ID and cryptocurrency rewards.

Ghanaian fintech startup, Affinity Africa, has secured $8 million in an oversubscribed seed round to expand its presence locally and enter new markets.
The funding round was led by:
Grazia Equity and
BACKED VC
with participation from:
Enza Capital
Launch Africa
Renew Capital
Finca

Clea, développé par Autoclear Inc., est une solution de technologie financière, pas une banque, avec des services fournis par l'intermédiaire de partenaires bancaires agréés. Autoclear est enregistré en tant qu'entreprise de services monétaires auprès de FinCEN.

Carry1st has partnered with AudioMack to allow African customers to purchase music subscriptions using local payment methods, expanding its services beyond gaming. This collaboration aims to enhance access to premium music features for millions in various African countries.

JP Morgan Chase CEO Jamie Dimon expressed optimism about Africa's growing role in global finance, highlighting the bank's efforts to establish a stronger presence in the region. He encourages American businesses to engage more with African markets despite challenges and praises local tech initiatives.

VALR's CMO, Ben Caselin, discussed the increasing interest in cryptocurrency in Kenya, noting the exchange's significant user growth and its partnerships that enhance payment options. With upcoming crypto regulations in Kenya, VALR aims to expand further in this promising market.