⇗ ZAR Stablecoin Gains Traction Amid Expanding South African Crypto Market
Stablecoin platform Zar recently boosted its market presence by securing $7 million in a round led by significant players – Dragonfly Capital,...
Around South Africa, the potential of cryptocurrency and its confluence with the traditional finance sector is gaining traction. A South African 'unicorn' coin, a token of the country's Boer War history, has been evaluated at $2 million. VALR, a crypto exchange, has launched a novel product offering hourly yield for crypto and ZAR balances. Alongside, Bitget, a global exchange, has introduced South African Rand deposits and withdrawals via Callpay.
Onyxcoin (XCN) continues to evoke interest over potential listing on Binance. The crypto-friendly climate is further indicated by Qubic's performance and the introduction of a Rand stablecoin while OKX exits Nigeria.
NFTs are emerging as the new frontier, with South African Web3 firm fractionating rare ZAR proof coins into NFTs. Trump's selection of former PayPal exec David Sacks as AI and crypto czar suggests a forward-thinking approach.
Binance is spurring the trading of meme coins in Africa. The South African rand's tumultuous journey continues, but its integration with digital finance appears promising. Conversely, BRICS Bank is exploring the utilization of local currencies and launching ZAR bonds.
Socio-political events are key drivers too - South Africa honored Nelson Mandela with a special series of coins. Fractionalization and tokenization are transforming iconography, with the famed Krugerrands collection slated for tokenization and Momint preparing to tokenize iconic South African coins. At the same time, innovation continues to reshape financial landscapes, especially through blockchain technology.
ZAR Coin News Analytics from Sat, 13 Sep 2014 07:00:00 GMT to Tue, 15 Apr 2025 07:00:00 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 4
