Visa+M-Pesa+Onafriq, this combination is interesting. The 8% remittance cost is finally going to be challenged by stablecoins.

View Original
CoinNetwork
CoinsWorld News: Visa, M-Pesa, and Onafriq have launched a stablecoin cross-border transfer pilot in the Democratic Republic of Congo, using a U.S. dollar-pegged stablecoin to settle cross-border mobile transactions. The pilot targets scenarios such as mobile wallet cross-border top-ups, international business transactions, and remittances. The World Bank estimates that the average cost of cross-border remittances in Sub-Saharan Africa is close to 8% of the transfer amount. Visa has also partnered with African cryptocurrency exchange Yellow Card to explore stablecoin treasury management and international settlement.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned