Visa partnered with M-PESA Africa and Onafriq to launch a stablecoin pilot program in the Democratic Republic of the Congo. The initiative tests blockchain-backed digital currencies to facilitate cross-border mobile money transactions.
The collaboration aims to bypass high costs and slow processing times inherent in traditional banking channels. Leveraging stablecoin technology enables nearly instant international transfers to enhance regional financial inclusion.
The project integrates Africa’s mobile money ecosystem with global payment networks. These partners intend to make international payments more affordable through blockchain-based solutions.