⇑ South Africa's Crypto Market Soars: ZAR Coin Leads Charge
Stablecoin entity, Zar , is set to revolutionize the South African market after securing a massive $7 million funding round led by venture...
Major news from the crypto space comprises a diversity of topics, from the valuation of rare South African coins to cryptocurrencies gaining traction within the African economy. An old South African coin dubbed a 'unicorn' is estimated to be worth $2 million while a stablecoin company dubbed Zar managed to secure $7 million in a financing round. Notably, this round was led by renowned firms, including Dragonfly Capital, Andreessen Horowitz, and VanEck Ventures.
Rare ancient Chinese coins and modern Krugerrands are set to be auctioned off in South Africa, granting an opportunity for potential significant profits for collectors and investors. Bitget's recent expansion in South Africa exemplifies the increasing interest in digital currencies within the region. The company has integrated Callpay, enabling South African Rand deposits and withdrawals. Notably, South Africa's valuable and rare coins, including the Single '9' Kruger Pond, are seeing increasing appreciation in market value.
Technological developments include South Africa's Web3-based fractionalization of rare ZAR Proof Coins into NFTs, enabling broader market access to these assets. Furthermore, expanded access to USDC internationally shows the growing influence of cryptocurrencies worldwide. The success and regulation of cryptocurrencies are reshaping finance and innovation, well illustrated by the record-breaking valuation of a rare coin in an online auction and the increasing draw towards cryptos like Bitcoin, which recently reached the R1 million mark.
Insight regarding the influence of cryptocurrencies is provided through information on the relationship between cryptocurrency adoption and ZAR stability. Information showcasing the beneficial potential of the ZAR Coin consists of the announcement of First Rand Stablecoin, ZARP, going live on the OVEX Exchange in South Africa, marking a significant development in the crypto space.
ZAR Coin News Analytics from Sun, 02 Sep 2012 07:00:00 GMT to Mon, 23 Jun 2025 19:06:40 GMT - Rating 6 - Innovation 2 - Information 8 - Rumor -3
