BitKE

BitMama, a Nigerian crypto platform, has acquired the cross-border payments app PayDay for $1 million in equity at a $30 million valuation. This acquisition allows BitMama to enhance its services without developing new software or acquiring users for its product, Changera.

The Central Bank of Nigeria (CBN) has announced the implementation of its digital currency, known as the eNaira, as a payment alternative for recipients of diaspora remittances.
This means that individuals receiving remittances from abroad now have the option to receive their funds in eNaira.
CBN

Anton Bukov of 1inch discussed the cost advantages of decentralized finance (DeFi) over traditional banking, highlighting DeFi's potential to onboard users at no cost compared to high fees in traditional systems. He emphasized DeFi's role in including the unbanked and creating global liquidity.

Qala has been acquired by Btrust to enhance Bitcoin development in Africa. Rebranded as Btrust Builders, the program aims to leverage financial resources and structured training to cultivate African Bitcoin engineers, addressing funding challenges faced by Qala.

One million Nigerians downloaded the eNaira wallet in its first year, with 700,000 transactions worth $18.3 million reported. However, some residents criticize late sensitization efforts, while experts attribute slow adoption to bank apathy and competition from mobile banking apps.

MTN's MoMo and JUMO have launched QwikLoan, a service offering low-interest, short-term loans to South African consumers. Accessible via the MoMo app or USSD, it aims to foster financial inclusion and support entrepreneurs.

Luno has become the first licensed crypto service provider in South Africa, authorized by the FSCA under new regulations for crypto assets. This milestone highlights the importance of regulatory compliance in fostering a secure and innovative crypto environment.

PancakeSwap achieved record trading volume of $205.3 billion in Q1 2025, marking its most successful quarter. Key metrics show significant growth, including a 921% rise in trading volume and 81% increase in unique users since Q1 2023, establishing its dominance in the multi-chain DeFi space.

The IMF reports a significant rise in cryptocurrency use among Kenyan firms for international payments, particularly during dollar shortages. A survey indicates stablecoins like USDT are popular for mitigating shilling depreciation. The IMF recommends establishing a regulatory framework for cryptocurrencies in Kenya.

Old Mutual Wealth and Inves Capital are collaborating to enhance liquidity for the ZARP Stablecoin, a South African Rand-linked cryptocurrency. This initiative aims to support decentralized finance and expand the use of stablecoins in emerging markets.