Africa’s Crypto Boom: Sui Foundation Dives Into Nigeria, MoneyBadger Secures $400K as Kenya Eyes Crypto ’Travel Rule’
West Africa's crypto scene just got hotter—Sui Foundation plants its flag in Nigeria, betting big on the region's blockchain potential. Meanwhile, Nairobi-based MoneyBadger locks in $400,000 in fresh funding, proving African fintech innovation won't be ignored.
Kenya's regulators, never ones to miss a trend, are flirting with a crypto 'Travel Rule'—because what's decentralization without paperwork? The move could tighten oversight on P2P transactions, but traders aren't sweating yet. 'Compliance' is just another word for 'opportunity' when you're dodging inflation with stablecoins.
Wall Street bankers still think Africa's a 'frontier market.' Tell that to the Lagos devs building DeFi protocols on feature phones—or the Kenyan farmers settling cross-border trades in USDT. The future's here; it's just not evenly distributed... yet.
Nigeria Crypto News: Sui Foundation Launches Blockchain Hub in Lagos
Sui Foundation, which is behind SUI, is investing in a blockchain hub in Nigeria to grow the country’s developer ecosystem.
This launch extends sui Foundation’s grassroots outreach effort in the African and Asian markets.
Africa’s fastest-growing tech market just got a major upgrade.
SuiHub Lagos is live
It’s more than a space – it’s a launchpad for Africa’s next generation of builders.
Workshops, dev support, and real access to global blockchain infrastructure. pic.twitter.com/S5DLeTqkXd
— SUI (@SuiNetwork) July 15, 2025
Lagos joins other destinations such as Dubai and Athens, where the Sui Foundation has sponsored hackathons and related initiatives.
Christian Thompson, the Managing Director of the Sui Foundation, said the foundation will support developers who will, in turn, build on Sui and release impactful solutions.
“Lagos is home to one of the most energetic tech communities in the world right now. By creating a space to collaborate, learn, and build, Sui is giving talented developers in Lagos the infrastructure and support to build on Sui and create solutions that will have a significant global impact.”
Nigeria has the largest population on the African continent and a rapidly growing crypto market, with some of whom are investors in the best meme coin ICOs.
This effort shows Sui’s appreciation of this important market, and the platform hopes to reap the dividends in due course.
Sui CryptoPriceMarket CapSUI$9.29B24h7d30d1yAll time
South Africa Crypto News: MoneyBadger Raises $400,000 To Drive Bitcoin Payments
South African crypto startup MoneyBadger has raised $400,000 to boost its
BTC ▼-0.17% payments services within the region.
The platform, which is the brainchild of Carel van Wyk, Carl Kritzinger, Ben Blaine, and Brent Petersen, aims to enhance its partnerships and expand operations.
Carel van Wyk, the founder, said funds will be used to accelerate partnerships and further serve their customers well.
“This funding round, partly funded in bitcoin, helps us accelerate these partnerships and expand our well-established service to more consumers, merchants, use-cases, and countries. We envision a future where you can buy anything and everything with Bitcoin.”
MoneyBadger will seek more merchant partners to improve its bitcoin payments reach.
MoneyBadger bags US$400 k to tame crypto payments friction
Cape Town start-up MoneyBadger has closed a US$400 k pre-seed round led by Nimble Capital. The fintech offers a stable-coin settlement API that slashes cross-border transfer fees to ~0.7 %, versus SWIFT’s 4-5 %.…
— Victor de Ascenção (@victordascencao) July 17, 2025
South Africa boasts one of the most impressive crypto payment adoption rates, and this platform aims to leverage this growing market to become an industry leader.
Kenya Crypto News: Legislation To Introduce ‘Travel Rule’
The Government of Kenya is considering introducing the “Travel Rule” VIRTUAL Assets Providers (VASP) Bill, which continues to take shape.
This rule requires crypto service providers to collect and share information, including transaction history and physical addresses, with other service providers and financial institutions with which they engage.
This requirement is an effort to comply with international requirements by the Financial Action Task Force (FATF) and related global regulators.
Crypto regulations will always be a delicate balancing act. This is because the initial premise of crypto, even the best new cryptos to invest in, was to offer an alternative to mainstream finance.
That said, crypto service providers operate in a reality where they need to create working relationships with local governments. As such, Kenyan operators could soon face this reckoning.
Next 1000x Crypto – 12 Coins That Could 1000x in 2025
Africa Crypto News: Kenya Travel Rule, Sui In Nigeria
- Nigeria Crypto News: Sui Foundation launches blockchain hub in Lagos
- South Africa Crypto News: MoneyBadger raises $400,000 to drive Bitcoin payments
- Kenya Crypto News: Government considers introducing “Travel Rule” in the VASP bill
