Browsing: Cryptocurrency in Africa

The transformative effects of DeFi on advancing financial inclusion, assisting African trade, and strengthening Africa’s economy match the technology with the global sustainability agenda and the UN Sustainable Development Goals. As a result, the industry is an attractive investment for investors, asset managers, and pension funds seeking to make their portfolios more sustainable while directly addressing social implications.…

• A Pan-African crypto exchange dubbed Mara has been launched today and announced $23 million in funding from several investors
• Mara has also announced a partnership with the Central African Republic, which just passed a bill legalising Bitcoin as legal tender
• Mara’s mission is to become the portal to the crypto economy for the African population

Mara, a Pan-African crypto exchange, launched and announced $23 million(KSh 2.7B) in funding from various investors, including Coinbase Ventures, Alameda Research (FTX), and Distributed Global.

Other investors include TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures, Infinite Capital, DAO Jones, and nearly 100 other crypto investors, and angels including Amit Bhatia and Hamad
Alhoimaizi.

In addition, Mara has also announced a partnership with the Central African Republic, which just passed a bill legalising Bitcoin as legal tender.

As part of this partnership, Mara will become the official crypto partner of the Central African Republic …