Visa, M-Pesa Stablecoin Cross-Border Payments Pilot
Sector: Financial Technology • Location: Democratic Republic of Congo
Source: CoinTrust
Global payments company Visa has partnered with Safaricom's M-Pesa and pan-African payments network Onafriq to launch a live stablecoin pilot in the Democratic Republic of Congo (DRC). The pilot uses U.S. dollar-backed stablecoins to settle international mobile money transactions on blockchain infrastructure, aiming to deliver faster transactions and significantly reduce remittance costs. The init
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | under construction |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Global payments company Visa has partnered with Safaricom's M-Pesa and pan-African payments network Onafriq to launch a live stablecoin pilot in the Democratic Republic of Congo (DRC). The pilot uses U.S. dollar-backed stablecoins to settle international mobile money transactions on blockchain infrastructure, aiming to deliver faster transactions and significantly reduce remittance costs. The initiative builds on Visa Pay's existing infrastructure in the DRC and integrates blockchain-based stablecoin settlements without disrupting current merchant payment systems. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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