UNCHAINED: How This Stablecoin Business in Africa Is Taking on SWIFT and Big Banks
CoinDesk Podcast Network
Stablecoins Transforming Payments in Africa
This chapter examines the increasing use of US dollar-denominated stablecoins like USDC and USDT in Africa, highlighting their advantages for businesses requiring immediate payments. It contrasts traditional banking challenges with the innovative solutions stablecoins offer for facilitating international transactions, particularly emphasizing Nigeria's leadership in this space. The chapter also addresses common misconceptions about the cryptocurrency landscape in Africa while underscoring the advancements in regulation and education for digital currency adoption.
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