CoinWorld News, according to The EastAfrican, Visa, mobile payment platforms, and African cross-border payment company Onafriq are piloting the use of stablecoins to settle mobile wallet top-up transactions in the Democratic Republic of Congo.


Godfrey Sullivan, Head of Visa CEMEA Solutions, said the pilot is implemented through VisaPay, where when users top up their mobile wallets, the transactions are settled in stablecoins in the background, without changing the front-end user experience. Visa stated that stablecoins are expected to help address cost and efficiency issues in African cross-border payments, remittances, and B2B payments.
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GateUser-f7b40cee
· 8h ago
If B2B payments can work smoothly, many small and medium-sized enterprises in Africa's international trade could revive. Looking forward to subsequent data.
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GateUser-9ccf7051
· 8h ago
Visa has finally started rolling out stablecoins in Africa, which can be considered a serious deployment by a traditional financial giant.
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GateUser-318a7dc8
· 8h ago
The name Onafriq is new to me. I looked it up and it focuses on cross-border in Africa. Partnering with Visa is a two-way effort.
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Neon-LitStreetsAfterTheRain
· 8h ago
Cross-border payments in Africa indeed have too many pain points: high fees and slow settlement. Stablecoins can save a lot of friction costs.
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GateUser-509018a9
· 8h ago
This pilot in Congo is quite interesting — users have no idea that the backend uses stablecoins for settlement, and this is exactly the right way to achieve mass adoption.
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