CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

Dominik Schiener Highlights Africa’s Leapfrog Potential Through IOTA and ADAPT

November 20, 2025
in Crypto News
Reading Time: 3 mins read
A A
0
0
SHARES
6
VIEWS
ShareShareShareShareShare
Crypto News Flash
Maintaining exceptional editorial standards, with content reviewed by trusted editors and seasoned industry professionals.
  • Africa pushes forward digital trade with ADAPT and IOTA, boosting streamlined identity, data, and payment systems.
  • Projected gains include reduced border delays, lower fees, and vast new trade opportunities across the continent.

The African Continental Free Trade Area (AfCFTA) Secretariat has launched a digital trade initiative called ADAPT. Designed to overhaul the continent’s trade infrastructure, ADAPT combines digital identity, secure data exchange, and integrated payment systems.

With backing from IOTA, the Tony Blair Institute for Global Change, and the World Economic Forum, the plan aims to increase trade efficiency and transparency.

Africa currently accounts for only 17% of trade within its own borders, despite housing 1.5 billion people and a total GDP of over three trillion dollars. In contrast, intra-regional trade in Asia and Europe exceeds 60%. Weak digital infrastructure in Africa raises costs, creates delays, and causes problems for cross-border businesses.

According to AfCFTA Secretary General Wamkele Mene, 

This initiative is the cornerstone of our vision to create an inclusive and integrated continental market. It is Africa’s blueprint for the digitisation and modernisation of trade: a system that replaces fragmentation with integration, friction with trust, and inefficiency with scale.

IOTA’s Role in Powering ADAPT Infrastructure

As a founding partner, IOTA supplies the blockchain infrastructure that powers ADAPT’s digital system. The project aims to link identity, data, and financial tools in a unified setup, giving governments and businesses a smoother path to interact, trade, and exchange value with fewer hurdles.

ADAPT will deploy three infrastructure layers: trusted digital identities using national systems like Nigeria’s NIMC and Kenya’s eCitizen, a unified data sharing platform for logistics and documentation, and a shared financial layer that links banks, mobile money, and digital currencies.

This will reduce the time for border clearance from 14 days to below three days and also bring down fees for cross-border transactions to below three percent.

Dominik Schiener, IOTA co-founder, commented, 

This is a tremendous opportunity for Africa to leapfrog and build the most modern digital infrastructure in the world. We are proud to be a partner on this mission.

It is a great honor to work together with the talented team at the @AfCFTA. We are here to support the vision of H.E. Wamkele Mene to unite Africa with a public digital infrastructure for digital trade, payments and finance.

This is a tremendous opportunity for Africa to… https://t.co/LxKCFpqWNi

— Dominik Schiener (@DomSchiener) November 19, 2025

Economic Impact and Future Outlook

ADAPT is expected to produce 23.6 billion dollars each year through faster and lower-cost trade. It will also improve access to trade finance by addressing the $81 billion gap currently limiting small and medium-sized businesses. 

The project could turn every part of cross-border trade into digital form in the future, from permits to payments, and build a system that is tamper-proof and based on open tech that can be verifiable by anyone.

The pilot phase will begin in 2025 across three countries, including Kenya and Ghana. Full continental expansion is planned through 2035, with input from public authorities, private firms, and funders. 

IOTA’s prior work in Kenya and Rwanda, such as the TLIP and TWIN projects, shows early success in using digital tools to boost transparency and speed in trade.

Dominik Schiener added, 

The success of using distributed ledger technology in pilot projects in Kenya and Rwanda has made it clear that Africa is ready to embrace these changes. The continent sets the standard for the rest of the world, unlocking immense economic potential and creating a much more level playing field in trade through new financing opportunities for millions of businesses across the continent.


Credit: Source link

RELATED POSTS

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

Trump-Affiliated DeFi Platform WLFI Reveals Early Breach

Next Post

How Bitcoin bulls make money during downturns — and why BTC could hit $85k soon

Related Posts

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
Crypto News

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

April 14, 2026
Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)
Crypto News

Argentina Reviews Phone Logs in LIBRA Case Linked to Javier Milei (Report)

April 8, 2026
Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link
Crypto News

Stabble Urges Users to Pull Liquidity After Alleged North Korean Hacker Link

April 8, 2026
Next Post
How Bitcoin bulls make money during downturns — and why BTC could hit $85k soon

How Bitcoin bulls make money during downturns — and why BTC could hit $85k soon

Blackrock Opens Door to Staked Ethereum ETF With Fresh Trust Filing

Blackrock Opens Door to Staked Ethereum ETF With Fresh Trust Filing

Recommended Stories

Coinbase Adds Little-Known Crypto Asset to Listing Roadmap for Spot Trading

Coinbase Adds Little-Known Crypto Asset to Listing Roadmap for Spot Trading

March 25, 2026
Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases

April 14, 2026
Riot Blockchain Yearly Bitcoin Production Increases by 236%, Accumulates $194M in BTC

Riot Platforms Sells $289M in Bitcoin as Mining Output Drops 4% in Q1

April 2, 2026

Popular Stories

  • Winklevoss Twins Continue Crypto Donation Spree With Another $1,000,000 in Bitcoin (BTC)

    Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins

    0 shares
    Share 0 Tweet 0
  • Australia Shifts To ‘Tech Agnostic’ Approach On Token Mapping

    0 shares
    Share 0 Tweet 0
  • IOTA Unveils Key Developments in Q2 2025 with Mainnet Launch and TWIN Foundation Debut

    0 shares
    Share 0 Tweet 0
  • SEC charges former 4chan favorite Rivetz over $18 million ICO

    0 shares
    Share 0 Tweet 0
  • Bitfinex Successfully Prevents $15 Billion XRP Exploit Attempt

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
  • SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
  • Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.