Curated News
By: NewsRamp Editorial Staff
October 22, 2024
Lisk Partners with Kotani Pay to Streamline Off-Ramps for Builders in Africa
Discuss on Reddit
LinkedIn
TelegramTLDR
- Lisk's integration with Kotani Pay provides a competitive advantage by enabling direct exchange of stablecoins for fiat in African markets.
- The integration works by enhancing Kotani Pay's capabilities to integrate with M-Pesa and other mobile money platforms, allowing off-ramping of assets on Lisk protocol.
- This partnership makes the world a better place by empowering African developers and entrepreneurs, driving economic growth, and supporting innovative solutions in the space.
- The Chainalysis report highlights the significant role of stablecoins in the Sub-Saharan African region, making this partnership an interesting opportunity for the crypto market.
Impact - Why it Matters
This news matters as it demonstrates the commitment of Lisk to empowering developers in Africa and addressing the challenge of on/off ramps for crypto in the region. The partnership with Kotani Pay will unlock new opportunities for accessing fiat services, driving crypto adoption in Africa and supporting the growth of innovative solutions in the space.
Summary
Lisk, a leading Layer 2 blockchain dedicated to bringing Ethereum to emerging markets, has partnered with Kotani Pay, a premier payment platform dedicated to connecting African users and businesses with stablecoins for local currencies. This integration will enable assets on the Lisk protocol to be exchanged directly for fiat and deposited into mobile money wallets, providing new opportunities for accessing fiat services in Africa. The collaboration positions Lisk as the go-to RWA chain for African projects, with Kotani Pay's extensive reach across over 8 African countries.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Lisk Partners with Kotani Pay to Streamline Off-Ramps for Builders in Africa
