South African startup Neonomad is launching a Rand-backed stablecoin, which is further boosted by the release of Eswatini's Design Paper for the Digital Lilangeni CBDC pegged to the South African Rand.
ZAR Coin, however, faces deposit service suspension.
Meanwhile, Cape Town Fintech creates a crypto-rand hybrid, and there's news of South Africa's famed Krugerrands collection poised to be tokenized. One can now withdraw crypto as cash at ATMs across South Africa, ushering in easier access and usability for the everyday user. Binance also contributes to this progress by enabling Rand deposits and further trading in Argentine, Brazilian, and South African currencies.
Amidst a period of tension in the global markets, Bitcoin nears all-time highs with South African Rand that softens despite some strengthening after producer inflation data. In a similar vein, the first Rand Stablecoin, ZARP, goes live on the OVEX Exchange in South Africa, which highlights the continued growth of blockchain technology and digital assets in the mainstream. VALR, on the other hand, is set to list the FDUSD Stablecoin, enhancing Stablecoin adoption in Africa and paving the way for further development and integration in the region.
ZAR Coin News Analytics from Tue, 29 Apr 2014 07:00:00 GMT to Thu, 17 Oct 2024 07:00:00 GMT -
Rating 3
- Innovation 4
- Information 5
- Rumor 6
