Africa Crypto News Week in Review: Visa Partners with Yellow Card, Empowa Expands, Crypto Reforms in South Africa

In our latest Africa crypto news, Visa is partnering with Yellow Card as Empowa expands to Nigeria. Crypto players in South Africa are pushing for reforms to unlock tax revenue.

Blockchain housing startup Empowa is expanding its presence in the Nigerian market after partnering with local players in the housing sector.

Meanwhile, the international card company Visa has partnered with Yellow Card to broaden its reach in Africa and other continents.

In South Africa, crypto stakeholders have intensified calls for reform in classifying crypto assets.

Let’s explore these continental headlines below:

Kenya Crypto News: Empowa Expands to Nigeria

Blockchain housing finance platform Empowa is entering the Nigerian market. This expansion is made possible through a partnership with the Nigerian housing finance platform ProPay and other cooperative firms in the country.

Empowa initially launched in Mozambique, relying on a tokenized model to sell houses. The platform has now shifted to partnering with institutional investors and banks to fund its housing initiatives.

Investors can purchase EMP tokens instead of holding cash in banks, retaining full access to their balances.

EMP token holders have on-chain profiles that banks and other players in the housing market can use for various funding options.

This model connects property investors and potential institutional funders in ways traditional banking cannot.

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Africa Crypto News: Visa Joins Hands with Yellow Card

Visa, the global card payment company, is expanding its stablecoin business in Africa, Europe, and the Middle East.

To expand their reach in Africa, they have joined hands with the popular payment platform Yellow Card.

In case you missed it! we announced our partnership with @Visa at #VPFCEMEA2025!

We’re teaming up to explore stablecoin use cases with a focus on streamlining treasury processes and enhancing liquidity management.

Read More: https://t.co/DKoFHA4qbl pic.twitter.com/nHNv04PxFy

— Yellow Card (@yellowcard_app) June 19, 2025

This partnership allows Visa to participate in the new international payment paradigm of borderless payments.

Stablecoins are a fundamental component of crypto trading, with coins like USDC enabling traders to manage volatility when handling some of the best cryptos to buy.

Visa is leveraging its robust global infrastructure and aims to benefit from increased crypto activity across the continent.

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South Africa Crypto News: Reforms to Unlock More Crypto Tax Revenue

Crypto stakeholders in South Africa have intensified calls for regulatory reform to classify crypto as onshore assets.

The Luno General Manager for Africa, Marius Reitz, claims the country is losing over 500 million Rand in potential crypto revenue due to regulatory uncertainty.

Similarly, Frank Leodette, founder of the crypto exchange Afridax, noted that clear classification of crypto assets would enable the release of products like exchange-traded Funds (ETFs) into the South African market.

Such sophistication would allow institutional investors to participate fully in the sector. In turn, this could enhance crypto credibility, boosting capital flow to some of the best meme coin ICOs.

These are not the first calls for regulators to modernize crypto laws in the country. A High Court judge recently noted that South Africa still relies on Apartheid-era laws to regulate modern industries. This concerted effort should spur legislators into action to ensure regulatory clarity in this market.

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