Zanzibar Embraces Crypto Education as Tether Expands; MoMint Shuts Down in South Africa
Something huge just happened in Africa’s crypto world, and I’ve been watching this unfold for weeks. Crypto education in Africa suddenly became the hottest topic after Tether made their move into Zanzibar. At the same time, MoMint—you know, that NFT platform everyone in South Africa was talking about—just threw in the towel completely.
Let’s dig into what this really means for anyone trying to understand where African crypto is headed.
Why Tether Picked Zanzibar (And Why It Matters)
You might be wondering why Tether is expanding to Zanzibar of all places. The answer is pretty smart when you think about it. Zanzibar gets millions of tourists every year, which means constant demand for easy payment solutions. Plus, the local government actually wants to work with crypto companies instead of fighting them.
Tether in Zanzibar isn’t just another corporate announcement. They’ve signed a real deal with local authorities and partnered with Zanmalipo, a payments company that knows how things work on the ground. Ardoino from Tether was pretty blunt about their goals. Ardoino basically called out half the crypto industry for being all hype and no substance. Crypto adoption in Zanzibar is a no-brainer when you actually visit the place. Picture this: tourists everywhere with money to spend, locals stuck with banks that barely work, and every transaction costing an arm and a leg.
That’s where Tether blockchain education gets interesting. Instead of the usual tech company approach—drop the product and disappear—Tether’s people are actually hanging around. They’re spending time with locals, walking them through everything, making sure it clicks. I’ve watched this strategy work in Southeast Asia and Latin America, so Zanzibar’s got a real shot here.
Any business owner in East Africa should watch this closely. Planning some blockchain partnerships Africa? Study what Tether did here. They didn’t show up trying to sell something—they showed up trying to solve something. Big difference.
MoMint’s Closure: What Went Wrong in South Africa
Meanwhile, MoMint South Africa just shut down permanently, and their story is worth understanding if you’re involved in the NFT marketplace South Africa scene. MoMint wasn’t some fly-by-night operation. They were pioneers who launched during the NFT boom and actually processed over $2 million in transactions by 2024.
So what killed them? Two main problems: crypto regulation South Africa uncertainty and plain old market reality. South Africa’s government isn’t declaring war on crypto, but they’re not rolling out the welcome mat either. The regulations are so unclear that even lawyers can’t give straight answers. Add the NFT market decline South Africa has been experiencing, and you understand why companies are folding left and right.
The MoMint NFT shutdown is a wake-up call for every other South African NFT companies shutting down right now. I talked to some folks in the industry, and they all say the same thing: stop chasing shiny objects and start fixing real problems. MoMint actually tried to switch to tokenizing real assets, which was brilliant, but they waited too long.
If you’re still trying to make it work in the MoMint NFT platform in South Africa world or anywhere similar, here’s what I tell people: build something people actually need, not something that sounds cool. The companies surviving this downturn are the ones solving actual problems for real people.
The Real Impact of Crypto Education Programs
What’s happening with Tether Africa operations shows how crypto learning programs Africa should actually work. Instead of just teaching people about blockchain technology in abstract terms, successful programs focus on solving specific problems.
How Tether is promoting blockchain awareness in Africa is different from most approaches. Forget the boring workshops and fancy brochures. They’re out there building stuff people can actually touch and use, then showing them how it works in real life.
You want to see the real impact of crypto education in Africa? Check out the numbers yourself. Countries that actually teach their people about crypto properly are crushing it. Higher adoption, governments that cooperate instead of fight, and businesses that don’t collapse after six months.
Zanzibar’s betting everything on this strategy, and so far it’s working. Trying to set up blockchain education Africa programs? Here’s what actually works based on what I’ve seen: Find one problem that’s driving people crazy, fix it with the simplest solution possible, then teach them how to use it. Skip the tech talk—nobody cares about blockchain theory when they can’t pay their bills.
What’s Really Happening in African Crypto Right Now
The gap between Zanzibar crypto news and South Africa’s struggles tells you everything about crypto trends East Africa versus down south. East Africa is practically begging crypto companies to come set up shop, while southern Africa is still playing hard to get.
Tether USDT adoption in Zanzibar represents a different philosophy altogether. Tether’s smart move is combining stablecoins and education in one package. Makes perfect sense when you think about it—stablecoins don’t confuse people with crazy price swings like Bitcoin does.
Crypto companies in Zanzibar are looking at both massive opportunities and serious challenges right now. The opportunity is obvious: work with governments that actually want you there. The challenge? Building something sustainable in markets where most people are still learning what crypto even means.
Practical Lessons for Crypto Businesses
If you’re running or planning a crypto business in Africa, here’s what these developments teach us:
First, government relationships matter more than technology. Here’s what I’ve learned from watching Tether’s success in Zanzibar: good technology alone won’t save you. They spent months building relationships with local officials and understanding what people actually needed.
Education needs to be hands-on, not theoretical. Emerging blockchain hubs Africa is building don’t care about white papers or technical explanations. They want to see how blockchain fixes problems they face every single day.
MoMint’s failure teaches us about timing. MoMint jumped on the NFT bandwagon when everyone was making money, but when the market crashed, they couldn’t adapt fast enough. That’s the brutal truth about crypto—you need to be ready for everything to change overnight, both the technology and the rules.
Looking Forward: What’s Next for African Crypto
The future of African crypto comes down to this: copy what Tether did in Zanzibar, don’t repeat what MoMint did in South Africa. Stop chasing get-rich-quick schemes and start solving problems that keep people up at night. Work with locals as partners, not customers.
Crypto regulation South Africa will eventually get sorted out, but smart companies aren’t waiting around. The survivors will be those building solid businesses despite unclear rules.
If you’re thinking about investing in African crypto, here’s my advice: stick with companies that solve actual problems. Forget about speculative plays—they’re too risky in these markets. Look for projects that people actually use in their daily lives.
Africa’s crypto story is still being written, but it’s clearly moving toward practical applications rather than speculation. Zanzibar is showing how to do crypto right, while South Africa is learning expensive lessons about what doesn’t work.
My bottom line for anyone reading this: build useful stuff, work with locals, and keep learning. The companies and countries that get this right will dominate Africa’s crypto future. Everyone else will be watching from the sidelines.