Nedbank and Crypto.com Partner on Blockchain-Based Payment Solutions

Nedbank and Crypto.com have announced a strategic partnership to develop blockchain-based payment and settlement solutions across Africa. This collaboration seeks to integrate modern financial technologies into the heart of trade and commerce in Africa, enhancing competitiveness.

The partnership will enable real-time ZAR and USDC conversions, as well as digital dollar liquidity for trade, remittance, and treasury operations. Daily net settlement between both institutions will ensure transparency and regulatory oversight. This service is expected to benefit both retail and commercial banking clients.

Simon Marland, Managing Executive for Automation, Blockchain and Analytics at Nedbank, stated that Africa's future competitiveness depends on the effective integration of modern financial technologies into trade and commerce. The partnership aims to build a foundation for a more resilient, inclusive, and future-ready financial ecosystem in Africa.