Nigeria wants African trade settled without dollar conversions

Akkam,

Victoria from Techpoint here,

Here’s what I’ve got for you today:

Nigeria wants cross-border card that skips third-party currencies Yellow Card wins Swiss approval, opening door to Europe Daya raises $2.4 million to build stablecoin payment rails Nigeria wants cross-border card that skips third-party currencies

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Nigeria’s government is throwing its weight behind the idea of a cross-border African payment card that would allow transactions across the continent without first converting money into third-party currencies like the US dollar or euro. The proposal, discussed at the Afreximbank Annual Meetings in Abuja, is part of a broader push to make African trade cheaper, faster, and less dependent on foreign financial infrastructure. At its core, the plan is about keeping more value, transaction data, and settlement activity within Africa rather than routing payments through overseas networks.

Today, many transactions between African countries still pass through dollar-based systems, even

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