Africa crypto news has seen significant developments this week. Tether has extended its blockchain educational initiatives to Zanzibar, following a partnership with local authorities and payment startup Zanmalipo to foster crypto adoption.

Tether’s Initiative in Zanzibar
Tether’s CEO, Paolo Ardoino, expressed hopes of establishing a digital economy through blockchain technology to enhance lives and promote economic growth in the region.

Tether’s Initiative

“By combining clarity with educational investment and digital asset integration, we aim to lay the groundwork for a compliant, scalable, and inclusive digital economy,” said Ardoino.
Translation: “Summarizing our efforts, we anticipate bolstering a regional digital economy through blockchain technology.”

Closure of MoMint in South Africa
In another significant update, the first local NFT marketplace, MoMint, has shut down after four years of operation due to liquidity challenges and regulatory issues.

“WE DID IT! 🏆 MoMint was acknowledged as a top finalist at the FutureTech World Cup in Dubai, a testament to our community’s unwavering support.”
Translation: “Acknowledging our community’s trust was pivotal to our success, but market challenges became insurmountable.”

Aptos and Yellow Card Collaboration
On a positive note, yellow Card has teamed up with Aptos Labs to enable zero-fee transactions across the African continent, enhancing stablecoin adoption and accessibility.

“We’re excited to support Yellow Card in bringing seamless access to USDT and USDC across 20 countries,” stated Aptos Labs Head of Payments, Alex Heuer.
Translation: “Optimizing user experiences by eliminating transaction fees aligns perfectly with our goals in supporting crypto adoption in Africa.”

Look out for more updates on these initiatives as they evolve over the coming weeks.