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Bitmama has introduced a platform aimed at simplifying cross-border transactions among users in various African nations, while MANSA supplies liquidity for transactions across all the countries involved.
MANSA, a prominent liquidity provider in decentralized finance (DeFi), has revealed a collaboration with Bitmama, which serves as a payment infrastructure provider in Africa. This collaboration seeks to create a cross-border payment marketplace in the region utilizing virtual crypto cards.
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The platform, leveraging Bitmama’s payment infrastructure, will be accessible in over 18 countries throughout the continent, including Nigeria, Ghana, and Kenya. It will enable both individuals and businesses to send and receive payments in various cryptocurrencies through virtual prepaid crypto cards. MANSA will ensure liquidity in each country where the platform operates.
This new initiative is tailored to tackle a significant obstacle that payment companies in Africa encounter when establishing cross-border payment services — the scarcity of capital. Without liquidity, the challenge of maintaining pre-funded accounts across multiple countries becomes substantial. The platform aims to facilitate consumer payments and bolster cross-border merchant operations on the continent.
The advancement of Web3 technologies is actively fostering the growth of payment infrastructure in Africa. The Zone blockchain project has recently introduced an innovative decentralized solution for rapid cross-border transactions via POS terminals, enabling instant settlements in any currency.
Сообщение MANSA and Bitmama Launch Crypto Card for Cross-Border Payments in Africa появились сначала на CoinsPaid Media.
