South African startup Neonomad is preparing to launch a Rand-backed stablecoin, newspaper reports highlighted this week. Neonomad appears ready to rival ZAR Coin, which is also a Rand-backed cryptocurrency designed for the South African market. The
ZAR deposit service is currently under suspension, which may affect its market reputation. Cryptocurrency exchange
VALR recently announced the introduction of a new Euro Coin (EURC), compatible with ZAR. Additionally,
AI,
Memecoin & Real World Asset cryptocurrencies are now available on Altify for investment. This expansion comes as South Africa's Krugerrands collection is planned for tokenization and major cryptocurrency exchanges obtain their necessary licenses. The South African rand's recent market behaviour - including softening, strengthening, stability, and inflation related changes - have been making crypto news.
Cape Town-based fintech has also launched a Crypto-Rand Hybrid, suggesting that traditional finance and cryptocurrencies are unlikely to remain separate spectrums in the future. Meanwhile,
Bitcoin nears an all-time high in terms of the AUD. Interestingly, ZAR Coin remains unchanged despite these shifts in the broader digital currency landscape. In the overall crypto-scape, Binance has enabled instant deposits for the South African Rand (ZAR), and the OVEX Exchange now hosts the first Rand Stablecoin, ZARP.
Blockchain technology growth is likely to drive its mainstream acceptance, impacting the status quo. This also brings attention to possible future currency pairs, including
EUR/ZAR. Amid these circumstances, the South African rand has seen a tumultuous period, with both gains and losses recorded.
ZAR Coin News Analytics from Tue, 29 Apr 2014 07:00:00 GMT to Fri, 18 Oct 2024 07:00:00 GMT -
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- Innovation 6
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- Rumor -3
