Nairobi conference to spotlight stablecoins as banks, fintechs debate future of payments
NAIROBI,Kenya,Apr 23-Africa’s financial sector is bracing for intensified debate over the future of payments infrastructure, as banks, fintechs, telecoms, Kenya breaking news | Kenya news today |..
✨ Key Highlights
Nairobi is set to host the Kenya Blockchain and Crypto Conference (KBCC 2026) on May 14–15, focusing on the growing role of stablecoins and blockchain in Africa's payment systems.
- USDT processed over $13 trillion in transfer volume globally in 2025, with significant adoption growth in Africa at 18.6% year-on-year.
- Key participants include CTOs and CEOs from Pawapay, HoneyCoin, and representatives from OKX, SWIFT, VALR, and the Nairobi International Financial Centre Authority.
- The discussions will highlight how stablecoins are addressing practical business needs like faster cross-border transactions, reduced settlement times, and 24/7 payment capabilities, moving beyond speculation.
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Safaricom Sued Over Alleged AI Rights Violations - April 2026
Kenyan telecommunications giant Safaricom is facing a lawsuit for its alleged unconstitutional use of artificial intelligence (AI) in customer service and financial decisions involving its M-PESA platform. A Kenyan court has ordered Meta Platforms and its contractors to have senior officials testify in a separate lawsuit filed by 187 former Facebook content moderators who accuse the companies of forced labour, human trafficking, and mental health harm. At the same time, African nations are strengthening their regulatory frameworks for Artificial Intelligence (AI) and data protection as the adoption of stablecoins grows within the financial sector. Nairobi is also set to host the Kenya Blockchain and Crypto Conference (KBCC 2026) on May 14–15, focusing on the growing role of stablecoins and blockchain in Africa's payment systems.
