Nigeria is advocating for a cross-border payment system that eliminates the need for third-party currencies, according to Techpoint Africa. The discussion includes the recent approval of Yellow Card in Switzerland and Daya's successful fundraising of $2.4 million aimed at developing stablecoin payment infrastructure.

BitShop has launched the latest version of its digital finance app, which offers a fast cryptocurrency-to-Naira exchange and facilitates seamless bill payments. This update aims to enhance user experience in managing digital currencies and everyday transactions.

Digital asset firm SpaceTrade has expanded its platform with the aim of making cryptocurrency more accessible, practical and relevant to everyday users. According to the firm, the move is intended to lower barriers to entry by giving users a place to buy and sell digital assets. SpaceTrade said it is working towards building an ecosystem where users can manage and move digital assets, though further details of the expansion were not fully disclosed.

According to Vanguard, technology has significantly transformed financial transactions in Nigeria, allowing individuals to conduct activities such as sending money, paying bills, and purchasing airtime via mobile phones without needing to visit a bank. This shift towards digital financial services is exemplified by OPay, which is playing an increasing role in facilitating access to these services as the economy becomes more digital.

OPay is playing a significant role in Nigeria's digital payment revolution by enhancing financial inclusion, facilitating commerce, and contributing to the development of the country's digital economy, according to Legit.ng.

Chaka, a Nigerian fintech company, has launched Hisa as part of its initiative to create a pan-African investment platform. This move follows Chaka's recognition as Nigeria's first SEC-licensed digital investment platform, aiming to enhance investment opportunities across the continent.