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There is recognition across the board that blockchain technology is the next step in the evolution of digital payments in Africa.
Kenyan Blockchain start-ups raised $25.8 million (Sh3.5 billion) in new funding last year.
Africa experienced an explosion in blockchain-specific funding in 2022, according to a report by CV VC and Standard Bank, although its share of global funding remains modest.
A group of first year students, were the winners of a hackathon competition organized by blockchain Swiss Venture firm CV VC. The business information technology students created innovation for the healthcare industry focusing on disease screening. Calling themselves 'Hackchain,' they were part of 200 participants at the University of Johannesburg (UJ) Innovation Hackathon. The second
African fintech startups focus on blockchain's use cases, like cross-border payments and ID verification, rather than speculative investments.