South African tech startup, Neonomad plans to launch a
Rand-backed stablecoin. This move comes amidst fluctuating trading conditions for the Rand against a stronger US dollar. This development aims to strengthen the link between cryptocurrency adoption and ZAR stability.
Bitcoin is witnessing record highs in African currencies approximating its all-time highs.
Altify, a cryptocurrency platform, announces the launch of AI, Memecoin, and real-world Asset cryptocurrencies including PEPE, WIF, ENA, and TAO which can be invested in with ZAR.There's a growing interest in vintage coins due to their increasing market value. Binance has recently increased Bitcoin and Ether trading in Argentine, Brazilian, and South African currencies via a fee promotion. However, it later delisted South African Rand trading pairs due to failure to meet high standards. The launch of the first Rand Stablecoin, ZARP, on the OVEX Exchange in South Africa is a major development showcasing the growing adoption of cryptocurrency in the country. Binance has also enabled instant deposits for the South African Rand (ZAR).Blockchain technology continues to influence the digital asset market, solidifying their place in mainstream financial systems. Cryptocurrencies are facing regulations in South Africa, with exchanges such as AltCoinTrader obtaining licences from FCSA. Local cryptocurrency, VALR, has been garnering attention due to increasing trading volumes, matching those of established exchange, Luno. Further advancement in the region's cryptocurrency market has come from the partnership between South African Exchange, Xago and Nigerian-based Exchange, BitMama to deliver Digital ZAR across Africa.
ZAR Coin News Analytics from Tue, 29 Apr 2014 07:00:00 GMT to Wed, 11 Sep 2024 08:10:05 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor 2
