Cryptocurrencies
Crypto Exchange FTX Partners With Kenya Firm to Expand in Africa
- Companies to establish crypto-African currency pairs
- FTX is one of the world’s biggest cryptocurrency exchanges
Photographer: Olivier Douliery/AFP/Getty Images
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FTX, a cryptocurrency exchange that’s been valued at $32 billion, is partnering with AZA Finance to expand the use of digital currencies and the web3 in Africa.
The Hong Kong-based exchange and AZA, which offers services including Treasury functions and payments in 10 African countries, plan to build digital infrastructure to connect African markets to the global web3 economy, they said in a joint statement on Wednesday. Web3 mirrors the world wide web using blockchain technology.