China Leads Africa’s Digital Currency Race
With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa.
Africa
The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.
Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.
"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.
After growing in Latin America, the firm wants to bring its micro-loans and stablecoin savings features to other emerging markets.
Nigeria's central bank told financial institutions they couldn't provide crypto companies or users with services on Friday.
Africa
