World Mobile is currently rolling out telecommunications equipment to establish a mesh network and bring internet connectivity to Tanzania.
Several other risks in the crypto markets were identified by the union's members including shallow liquidity and a lack of legal parameters.
Paxful CEO Ray Youssef said all eyes should be on Africa right now.
Cardano builder IOHK said it is beginning to develop the code and does not expect to launch the project before 2022.
Nigerian artists are minting NFTs, but they are cautious about the hype around them.
Xend is the first DeFi protocol to launch from the African continent using the Binance Smart Chain.
Traditional savings groups in Nigeria are looking at dollar-pegged stablecoins as a tool to protect their savings from local inflation.
The "Naira 4 Dollar Scheme" is a bid to funnel remittances through official channels. Meanwhile, peer-to-peer bitcoin remains popular.
"It‘ll be set up as a blind irrevocable trust, taking zero direction from us," said Dorsey.
The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.
Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins.
After growing in Latin America, the firm wants to bring its micro-loans and stablecoin savings features to other emerging markets.