Latest news with #KenyanShilling
Reuters
15 hours ago
- Business
- Reuters
Kenyan shilling flat Vs dollar
NAIROBI, June 20 (Reuters) - The Kenyan shilling was flat against the dollar on Friday from the previous session, data from the London Stock Exchange Group (LSEG) showed. At 0717 GMT commercial banks quoted the shilling at 129.00/129.50, same level as Thursday's close.
Reuters
2 days ago
- Business
- Reuters
Kenyan shilling steady as remittance inflows provide support
NAIROBI, June 19 (Reuters) - The Kenyan shilling was steady against the dollar on Thursday compared with the previous session, supported by some remittance hard currency inflows, traders said. At 0726 GMT commercial banks quoted the shilling at 129.20/129.50, stable from Wednesday's close.
Business Insider
10-06-2025
- Business
- Business Insider
VALR and MoonPay Announce Integration to Enhance Global Crypto Access
Johannesburg, South Africa, June 10th, 2025, Chainwire VALR, Africa's largest cryptocurrency exchange by trade volume, and MoonPay, the global leader in crypto payments, today announced their integration to streamline fiat on- and off-ramps for users in over 180 countries. This partnership enables VALR to support 34 fiat currencies, including KES (Kenyan Shilling), NGN (Nigerian Naira), IDR (Indonesian Rupiah), TRY (Turkish Lira), BRL (Brazilian Real), and TWD (Taiwan Dollar), across payment methods such as Credit and Debit Cards, Apple Pay, Google Pay, PayPal, and Venmo. The integration strengthens VALR's mission to expand its global footprint and provide seamless access to cryptocurrencies like Bitcoin and stablecoins. With a user base exceeding 1.3 million and over 1,300 corporate and institutional clients, VALR continues to lead the development of a more inclusive global financial system. 'We are thrilled to partner with MoonPay to enhance our platform's accessibility for users worldwide,' said Farzam Ehsani, Co-Founder and CEO of VALR. 'This integration empowers our global community with efficient access to cryptocurrencies, aligning with VALR's vision of building a financial system that reflects the oneness of humanity.' 'We believe the future of money is crypto, and our goal is to make it easy for everyone to participate in this new digital economy,' said Ivan Soto-Wright, co-founder and CEO at MoonPay. 'Partnering with VALR to broaden access to stablecoins and other tokens is an exciting step toward our shared mission of global crypto adoption, empowering users in Africa and beyond to hold value on-chain.' Founded in 2018 and headquartered in Johannesburg, VALR offers a comprehensive suite of crypto services, including Spot Trading, Futures, Staking, Lending, OTC Trading, VALR Pay, and a world-class API for businesses to build on and high-frequency traders. Licensed by South Africa's FSCA, with regulatory approvals in Europe and initial approval from Dubai's VARA, VALR has raised $55 million from investors such as Pantera Capital, Fidelity's F-Prime, and Coinbase Ventures. MoonPay, trusted by over 30 million users, provides end-to-end solutions to simplify crypto access across 180+ countries. About VALR VALR is Africa's largest cryptocurrency exchange by trade volume, serving over 1.3 million users and 1,300 corporate clients. Founded in 2018, VALR offers products including Spot Trading, Futures, Staking, Lending, OTC Trading, VALR Pay, and a world-class API for businesses to build on and high-frequency traders. Headquartered in Johannesburg, VALR is licensed by the FSCA in South Africa, with approvals in Europe and initial approval from Dubai's VARA. The company has raised $55 million from investors like Pantera Capital, Coinbase Ventures, and F-Prime. For more, visit About MoonPay MoonPay creates a world where you own your digital future, giving you control of your identity, money, property, and data. We are the market leader in end-to-end solutions simplifying access to the crypto economy for 30M+ verified accounts across 180+ countries, and trusted by iconic global brands to power the creation and movement of digital value. Contact VALR
Reuters
12-05-2025
- Business
- Reuters
Kenya shilling steady in subdued market activity
NAIROBI, May 12 (Reuters) - The Kenyan shilling remained stable in early trade on Monday, with market activity subdued, traders said. As of 0705 GMT, commercial banks quoted the shilling at 129.00/50, unchanged from Friday's closing rate.
Reuters
09-05-2025
- Business
- Reuters
Kenyan shilling steady, with exporter FX supply meeting demand
NAIROBI, May 9 (Reuters) - The Kenyan shilling was broadly steady on Friday as foreign exchange supply from exporters met subdued dollar appetite, traders said. At 0900 GMT the shilling was trading at 128.75/129.75 to the U.S. currency compared with 129.00/129.50 at Thursday's close, London Stock Exchange Group data showed. "I think it's going to trade within this band for the next week. The market is balanced," a trader said.
