Why African crypto startups are getting into the lending business
Digital asset startups in Africa are introducing crypto-backed loans to assist cash-poor consumers. Busha, a Nigerian fintech, launched crypto-backed loans allowing users to borrow up to 50% of their Bitcoin and Solana value.
Ivorypay Becomes the First Company in Africa to Launch X402 Payments, Enabling Machine-to-Machine Stablecoin Transactions Across all Major Blockchains
Ivorypay supports the X402 protocol on all EVM and non-EVM chains, including Base, Solana, and Algorand. The integration allows software applications and AI agents to make stablecoin payments natively over HTTP.
Western Union’s stablecoin takes on fintechs for bigger share of Africa’s $95B remittance market
Western Union announced the launch of USDPT, a dollar-backed stablecoin, during the Money20/20 fintech conference. The stablecoin will debut on the Solana blockchain in 2026, marking a significant evolution in remittance technology.
Bitcoin price crashes below $120k as Trump raises tariff charged to China by 100%
Bitcoin dropped below $120k, hitting as low as $109k on some exchanges. Over $1 billion in positions liquidated in less than 24 hours.
