↑ ZAR Coin: Harnessing South Africa’s Digital Economy with Rand-Backed Cryptocurrencies
South African tech startup, Neonomad plans to launch a Rand-backed stablecoin . This move comes amidst fluctuating trading conditions for the...
Old Mutual Wealth has pledged to provide deep liquidity to emerging capital markets for ZARPs stablecoin. However, this comes as Binance delists all ZAR trading pairs, citing low liquidity volumes. Coincidently, the first rand stablecoin, ZARP, was made live on the OVEX exchange in South Africa. Meanwhile, there has been an impressive growth of digital assets in emerging markets, thanks in large part to blockchain technology's widespread adoption.
In other updates, noteworthy crypto exchange, VALR, matches Luno Bitcoin's trading volumes six months after its launch, demonstrating a competitive crypto environment in the country. Neoxa, a South African fintech, has introduced CryptoExpress, a platform facilitating simple conversions of crypto to cash, ZAR specifically. A surge of interest in buying Bitcoin and its correlation with emerging markets' FX such as USD/ZAR has also been evident. The celebration and concern surrounding Bitcoin breaching the R1m mark further underline the growing attention towards cryptocurrencies within the South African market.
ZAR Coin News Analytics from Tue, 29 Apr 2014 07:00:00 GMT to Fri, 26 Jul 2024 04:00:44 GMT - Rating -3 - Innovation 5 - Information 7 - Rumor -1
