Africa Crypto Announcement Weekly Recap: Visa Teams Up with Yellow Card, Empowa Grows, South Africa Implements Crypto Reforms
In the newest updates regarding digital currency in Africa, Visa is collaborating with Yellow Card while Empowa makes strides into Nigeria. Crypto advocates in South Africa are advocating for regulatory changes to enhance tax revenue.
The distributed ledger housing enterprise Empowa is broadening its footprint in Nigeria through partnerships with local housing sector collaborators.
At the same time, Visa is teaming up with Yellow Card to extend its influence across Africa and additional regions.
In South Africa, individuals invested in crypto have ramped up their requests for changes in the classification of cryptocurrency assets.
Let’s dive into these regional highlights below:
Kenya Crypto Updates: Empowa’s Nigerian Expansion
The distributed database housing finance firm Empowa is entering the Nigerian housing crypto market, facilitated by a collaboration with the local housing finance protocol ProPay and various cooperative entities within the nation.
Empowa was initially launched in Mozambique using a tokenized approach to home sales. The organization has now transitioned to working with institutional investors and banking partners to finance its housing projects.
Investors may buy EMP tokens instead of depositing cash in banks, preserving complete access to their funds.
Holders of EMP tokens possess on-chain profiles that banks and other stakeholders in the housing industry can leverage for diverse funding alternatives.
This innovative model connects property investors with prospective institutional financiers in ways that conventional banking fails to achieve.
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Africa Crypto Updates: Visa Collaborates with Yellow Card
Visa, the global card payment leader, is enhancing its stablecoin operations in Africa, Europe, and the Middle East.
To broaden its footprint in Africa, they have formed a partnership with the renowned payment service Yellow Card.
In case you missed it! we announced our partnership with @Visa at #VPFCEMEA2025!
We’re joining forces to explore stablecoin applications with a focus on optimizing treasury strategies and improving liquidity management.
Read More: https://t.co/DKoFHA4qbl pic.twitter.com/nHNv04PxFy
— Yellow Card (@yellowcard_app) June 19, 2025
This alliance permits Visa to engage in the emerging international payment landscape of borderless transactions.
Stablecoins represent a crucial aspect of digital currency trading, with assets like USDC allowing traders to mitigate volatility when dealing with some of the top cryptos available.
Visa is capitalizing on its extensive global protocol and seeks to gain from the surge in digital currency activity throughout the continent.
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South Africa Crypto Updates: Calls for Reforms to Unlock Additional Crypto Tax Revenue
Crypto stakeholders in South Africa have intensified their demands for regulatory changes to classify cryptocurrencies as onshore assets.
According to Marius Reitz, General Manager for Africa at Luno, the nation is forgoing over 500 million Rand in potential crypto revenue due to ambiguous regulations.
Additionally, Frank Leodette, founder of the cryptocurrency exchange Afridax, indicated that a definitive classification of crypto assets would facilitate the introduction of products such as exchange-traded funds (ETFs) into the South African market.
Such advancement would permit institutional investors to engage fully in the space, potentially enhancing the credibility of crypto, leading to an influx of capital towards some of the top meme token ICOs.
These renewed calls for regulatory updates are not unprecedented in the country. Recently, a High Court judge remarked that South Africa continues to utilize laws from the Apartheid era to regulate modern sectors. This unified movement should motivate lawmakers to take action for clearer crypto law in this industry.
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Africa Crypto Updates: Visa Yellow Card, Empowa Nigeria, South Africa Reforms
- Africa crypto updates: Visa collaborates with Yellow Card
- Kenya crypto updates: Empowa is advancing into Nigeria
- South Africa crypto updates: Stakeholders advocate reforms to unlock additional tax revenue
The post Africa Crypto Updates Week in Review: Visa Collaborates with Yellow Card, Empowa Advances, Crypto Reforms in South Africa appeared first on 99Bitcoins.
