Navigating Cross-Border Payments in Africa: Is Crypto the Future?
The recent $82 million funding round for crypto payments infrastructure company Mesh highlights a significant trend that multinational e-commerce merchants trading across Africa should be paying close attention to. Mesh enables users to pay with crypto assets at merchants accepting stablecoins, and their 300% quarter-on-quarter transaction volume growth indicates a clear appetite for these solutions. As Mesh CEO Bam Azizi states, “we believe that at some point we will have more crypto owners than bank account holders and credit card holders… [building] a payment network that can help move money faster, better, and cheaper”.
For e-commerce businesses facing challenges with traditional payment rails in diverse African markets, integrating with crypto payment infrastructure could unlock faster, more cost-effective transactions and access a growing base of crypto-savvy consumers.
Considering the limitations of traditional banking in some regions, could stablecoins be a key to streamlining your African operations?
Contact us now for repatriation of your merchant funds to your home country and currency.
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Thank you for inspiration to https://tokenizednewsletter.beehiiv.com/p/crypto-acquisitions-hit-all-time-highs
