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Weekly Brief
Lightning proves its institutional power with a $1M sub-second settlement while local communities in Khayelitsha and Kibera standardize daily Bitcoin spend.
Bitcoin payments are entering a phase of high-velocity growth. This week, we saw high-value settlements pierce through the "micropayment-only" myth, while South Africa activated 700,000 new touchpoints. From El Tunco’s "Bitcoin-by-default" dining to massive batch payouts across eight countries, the network is proving its reliability at every scale.
The African Bitcoin Circular Economy Summit (ABCES) and Adopting Bitcoin Cape Town took center stage last week, convening builders from across the continent. The event highlighted that Bitcoin in Africa isn't a speculative asset—it is a functional tool for financial sovereignty.
Kgothatso Ngako, founder of Machankura, shared a powerful perspective on the transition to a Bitcoin standard, explaining how the network allows people to both live and save within a digital-native economy.
Bitcoin is hitting the streets through new "Bitcoin-by-default" merchant models and high-value travel booking rails.
2) Payment Infrastructure & Global Payouts
Infrastructure is scaling to handle mass distribution. We are seeing record-breaking payout speeds that outpace traditional banking rails across borders.
3) Circular Economy & Ground-Level Proofs
The circular economy is maturing. In South Africa and Kenya, we are seeing merchant-to-merchant loops where sats are used for everyday essentials like groceries and transportation.
To close out an incredible week, attendees of the Cape Town conference visited Bitcoin Loxion in Khayelitsha. Seeing Bitcoin functioning as money in the heart of the township is the ultimate proof that the circular economy is growing from the ground up.
Stay tuned for next week's brief as we continue to track the global shift toward a Bitcoin standard.
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