In Africa crypto news this week, blockchain platform Lisk has created a $15M Web3 investment fund for startups in Africa, Southeast Asia, and the LATAM region. With more funding, startups in Africa and emerging economies will receive the much-needed support and fast-tracking growth in the region.
The Ghanaian-based payment platform Hurupay is introducing a feature that will allow users to trade U.S. stocks using stablecoins. They are also launching an “Earn” feature where lenders can earn up to +10% APY. Stablecoins are now a core part of crypto, commanding over $300Bn, per Coingecko.
Meanwhile, Luno has won the MyBroadband 2025 award for top crypto exchange in South Africa. Luno is one of the leading and regulated exchanges in Africa, and with a presence in South Africa and Nigeria, this win highlights its pivotal role in promoting crypto adoption in Africa.
DISCOVER: Best New Cryptocurrencies to Invest in 2025
Let’s look at these stories making continental headlines this week:
Africa Crypto News: Lisk Creates A $15M Fund For Blockchain Startups
Lisk, the Ethereum layer-2 platform for launching scalable dapps and targeting developers in emerging economies, has created the EMpower fund to support blockchain startups in Africa, Southeast Asia, and LATAM countries.
The layer-2 is leveraging the fact that venture capital and Silicon Valley overlook most startups in developed countries. EMpower will have about $15M in total, with up to $250,000 available for promising startups.
Gideon Greaves, the head of investment strategy at Lisk, stated that founders in Africa and emerging economies have demonstrated their ability to create widely used products even with limited access to venture capital. He predicts that these founders will go on to develop the next generation of unicorns.
The idea now is to find potential where it exists and help it grow. Three startups, including Lov Cash from South Africa, and Afrikabal, an agritech platform, are early funding recipients.
Africa and Asia will be the primary drivers of population growth globally in the next few decades. Funding these startups could also be a lucrative long-term bet considering the potential future size of these markets.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Ghana Crypto News: Hurupay Introduces Stablecoin Trading For U.S. Stocks
Cross-border payments platform Hurupay is introducing an “Invest” tool for its users to trade U.S. stocks on the platform using stablecoins. This move marks a strategic expansion for Hurupay to go beyond payment services and offer more.
