According to TechFlow, on July 24, according to Bitcoin.comNews, South African startup Neonomad is about to launch Zarcoin, a stablecoin pegged to the South African rand, aiming to bridge the gap between traditional finance and crypto finance. Zarcoin will support both unbanked and banked users to enable fast and low-cost transactions through Solana Pay. Neonomad also plans to launch educational programs to promote the use of cryptocurrencies in South Africa and set up a shared workspace for crypto enthusiasts in Cape Town in the fourth quarter of 2024.