Visa tests stablecoins in DRC for cross-border payments

The Visa partnership seeks to reduce friction in multicurrency transactions as Africa’s mobile money market expands beyond domestic transfers.

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The Democratic Republic of Congo (DRC) has become a testing ground for linking mobile money with stablecoins as Africa explores new ways to scale cross-border digital payments.

Card payments giant Visa, a mobile money platform and cross-border payments company Onafriq are piloting a system that settles mobile money top-ups using stablecoins.