Africa Crypto Week in Review: Bitget Making Moves in South Africa, Coinbase Boosts P2P Payments in Nigeria, Millions of Moroccoans are HODLers

This article provides an overview of the recent developments in the crypto landscape across Africa, focusing on South Africa, Nigeria, and Morocco. Key highlights include:

1. Bitget partnering with Call Pay to support Rand payments in South Africa, aiming to expand its presence in emerging markets.
2. The growth of the decentralized finance (DeFi) sector in South Africa, with a projected market size of $180 million in the next three years.
3. Coinbase’s partnership with Onboard Global to enable peer-to-peer payments in Nigeria, marking its entry into the Nigerian market.
4. The government of Nigeria suing Binance for alleged violations of tax laws and contributing to the devaluation of the Naira.
5. Despite a ban on crypto in Morocco, it is estimated that around 6 million Moroccans own cryptocurrencies.

Overall, these developments illustrate the growing interest and adoption of cryptocurrencies in various African countries despite regulatory challenges and restrictions.