Visa, M-PESA Africa and Onafriq Launch Stablecoin Pilot in DR Congo

TechAfrica News

"A new partnership involving Visa, M-PESA Africa and Onafriq is set to pilot the use of stablecoins for cross-border mobile money transactions in the Democratic Republic of the Congo. It aims to transform international payments by using blockchain-backed digital currency to facilitate faster, affordable cross-border settlements. The pilot is designed to address challenges associated with traditional banking corridors, which are characterized by high transaction costs, lengthy processing times and limited accessibility."