Visa, M-Pesa, and Onafriq launch stablecoin cross-border transfer pilot in Democratic Republic of Congo

Visa, M-Pesa, and Onafriq have launched a pilot project in the Democratic Republic of Congo to settle cross-border mobile transactions using stablecoins pegged to the US dollar. This pilot is aimed at scenarios such as cross-border recharge of mobile wallets, international commercial transactions, and remittances. The World Bank estimates that the average cost of cross-border remittances in sub Saharan Africa is close to 8% of the transfer amount. Visa has partnered with the African cryptocurrency exchange Yellow Card to explore stablecoin fund management services and international settlements. （Bitcoin.com News）。