{"id":34245,"date":"2025-06-29T11:01:46","date_gmt":"2025-06-29T11:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34245"},"modified":"2025-06-29T11:01:46","modified_gmt":"2025-06-29T11:01:46","slug":"africa-crypto-news-week-in-review-south-africa-crypto-payments-spike-kenya-scraps-crypto-tax-as-yellow-card-boosts-stablecoin-use","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34245","title":{"rendered":"Africa Crypto News Week in Review: South Africa Crypto Payments Spike, Kenya Scraps Crypto Tax as Yellow Card Boosts Stablecoin Use"},"content":{"rendered":"<div>\n<p><em>In the latest Africa crypto news: South Africa crypto payments hit 2M Rand monthly as Kenya eliminates its 3% crypto tax. Yellow Card seeks to expand stablecoin use.<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">South Africa remains a continental trailblazer, with Luno Pay crypto retail payments averaging 2 million Rand monthly. In Kenya, Parliament has eliminated a 3% tax on gross crypto revenue. Meanwhile, Yellow Card aims to enhance stablecoin usage across Francophone Africa.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Let\u2019s explore these continental headlines below:<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">South Africa Crypto News: Payments Exceed 2 Million Rand Monthly<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">South Africa continues demonstrating its strong embrace of cryptocurrency.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A study by the Luno crypto exchange <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/globalcrypto.tv\/south-africans-have-spent-r20-million-in-crypto-payments-on-luno-pay\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">shows<\/span><\/a><span data-preserver-spaces=\"true\"> that its retail payment tool has averaged 2 million Rand in crypto payments over the past six months. This figure is impressive, given that only one retail payment service operates in the country.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Luno Crypto Payment App Review - Usage Experience\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/EN41ANUrRoY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">South Africa shows a growing appetite for crypto payments beyond standard speculative holding, including in some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">top Solana meme coins<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-bonk2\" data-coin-symbol=\"bonk2\" data-price-usd=\"BONK2 Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bonk<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BONK2<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$1.18B<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-68611bfc4bbcc\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In a statement, Crhristo de Wit, the country manager at Luno, said crypto payments are becoming more prevalent in everyday purchases.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe appetite for digital currency transactions in everyday commerce is growing. The wide transaction spectrum indicates that cryptocurrency payments are becoming more common for everyday purchases and significant expenses. Our data shows that many customers use Luno Pay regularly for routine purchases and services.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Cryptocurrencies have barely impacted the share of global payments made by fiat currencies. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Still, this report highlights the transactional potential of some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best cryptos to buy<\/span><\/a><span data-preserver-spaces=\"true\"> in growing African markets.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">15 New &amp; Upcoming Coinbase Listings to Watch in 2025<\/span><\/a><\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Kenya Crypto News: Legislators Drop 3% Digital Asset Tax<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Following successful lobbying by stakeholders, the Parliament has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.businessdailyafrica.com\/bd\/economy\/mps-drop-digital-assets-tax-of-3pc-on-transactions-5091206\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">eliminated<\/span><\/a><span data-preserver-spaces=\"true\"> a 3% digital asset tax on crypto and digital assets. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The tax was dropped after lobbying led by PricewaterhouseCoopers (PwC).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Kimani Kuria, chairperson of the Finance Committee, noted that industry advocates convinced legislators to scrap the tax. The measure awaits Presidential assent before officially taking effect.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Crypto and Virtual Assets experts warn Digital Assets Tax could stifle the young industry\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/qUviEoJFwvo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">This victory underscores the importance of collaborating with regulators to ensure sensible regulations and avoid punitive taxes that stifle the crypto industry.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Africa Crypto News: Yellow Card Expands Stablecoin Usage in Francophone Africa<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">After a successful year of expansion, fintech and crypto service provider Yellow Card aims to broaden its footprint across Francophone countries. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Regional Deputy Director Lowe Sall <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/apanews.net\/fintech-yellow-card-to-boost-crypto-adoption-in-francophone-africa\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\"> that this effort addresses the low adoption rates of stablecoins in the region.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to Sall, stablecoins have an adoption rate of less than 20% for crypto payments in West and Central African countries, compared to about 50% in the rest of Africa.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Yellow Card CEO discusses regulatory advancements for stablecoins\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/1ea3WflY1ww?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Most Francophone countries still rely on the CFA Franc for commerce, presenting an opportunity for stablecoins to serve as an alternative for crypto trading.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Yellow Card, backed by significant investment from Blockchain Capital, has the resources to expand crypto payment reach across the region.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><\/strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025 \u2013 Top New Crypto Coins<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Africa Crypto News: South Africa Payments Surge, Kenya Scraps Crypto Tax<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">South Africa crypto news: Luno pay processes over 2 million Rand in crypto payments<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Kenya crypto news: Parliament to remove the proposed 3% crypto tax<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Africa crypto news: Yellow Card to expand stablecoin usage in Francophone regions<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/africa-crypto-news-sa-payments-surge-kenya-scraps-crypto-tax\/\">Africa Crypto News Week in Review: South Africa Crypto Payments Spike, Kenya Scraps Crypto Tax as Yellow Card Boosts Stablecoin Use<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the latest Africa crypto news: South Africa crypto payments hit 2M Rand monthly as Kenya eliminates its 3% crypto tax. Yellow Card seeks to expand stablecoin use. South Africa remains a continental trailblazer, with Luno Pay crypto retail payments averaging 2 million Rand monthly. In Kenya, Parliament has eliminated a 3% tax on gross [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34245","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34245"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34245\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}