Jack Dorsey, Jay-Z Put 500 Bitcoin Into Trust Supporting Africa and India
"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.
Nigerian artists are minting NFTs, but they are cautious about the hype around them.
Xend is the first DeFi protocol to launch from the African continent using the Binance Smart Chain.
Cardano builder IOHK said it is beginning to develop the code and does not expect to launch the project before 2022.
Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation.
The "Naira 4 Dollar Scheme" is a bid to funnel remittances through official channels. Meanwhile, peer-to-peer bitcoin remains popular.