Onafriq has partnered with Privy to enhance stablecoin payment infrastructure across Africa, aiming to improve cross-border transactions and settlement processes. The collaboration focuses on integrating stablecoin technology to support faster and more efficient financial services for businesses and institutions. This initiative is part of a broader effort to modernize financial systems in the region through digital innovation.
The partnership enables Onafriq to develop and manage embedded digital asset solutions for its partners and, eventually, institutional clients where regulatory frameworks permit. This move reflects a growing trend in Africa toward regulated financial technologies that support secure and transparent transactions. The integration of stablecoins is expected to reduce costs and increase speed in financial operations, benefiting both small and large businesses.
The collaboration between Onafriq and Privy highlights the increasing role of private sector innovation in shaping Africa’s financial landscape. By leveraging stablecoin infrastructure, the two companies aim to address challenges related to cross-border payments and financial inclusion. This development underscores the potential of digital assets to transform traditional financial systems across the continent. (techtrendske.co.ke)
