As part of its partnership arrangement with Bangui, Mara will become an official crypto partner of the Central African Republic. bitcoinadoption
Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise
The African startup, Mara, recently said it has raised about $23 million in funding from organizations ranging from Coinbase Ventures to individual angel investors like Amit Bhatia and Hamad Alhoimaizi. Mara has also partnered with the Central African Republic and will act as an adviser to the country’s president.An Africa-focused crypto startup, Mara, has raised $23 million in funding for building a so-called pan-African cryptocurrency exchange, a report has said.
In his comments following Mara’s successful fundraise, the startup’s CEO Chi Nnandi is quoted in the report suggesting that the upcoming platform would enhance Africa’s competitiveness. He explained: A decentralized alternative will give Sub-Saharan Africans an alternative to these tired systems. Through this digital financial system — through this freedom — the region will find itself in a much stronger competitive position before other parts of the world.As per the Venture Beat report, Mara will initially launch in Kenya, Nigeria, and surrounding regions.
Meanwhile, the report revealed that Mara has entered into a partnership with the Central African Republic . As part of this partnership arrangement, Mara will become an official crypto partner of the country. Mara will also act as the CAR president’s adviser on such issues as crypto strategy and planning.as its reference currency after its legislative body voted in favor of a crypto bill in late April.the CAR’s decision to adopt bitcoin.
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