Pan-African fintech Kora adds stablecoins to its payment infrastructure
Kora is using stablecoins to settle cross-border payments across its African markets, as fintechs seek to reduce costs tied to prefunding.
Via TechCabal
Kora, a Nigerian-founded fintech that provides payment rails for businesses across African markets, has launched One Rail, a product that integrates stablecoin payment and settlement options into its existing network.
The new product allows eligible merchants in supported markets to accept payments in dollar-backed stablecoins USDT and USDC, convert between supported assets, and settle funds to bank accounts, mobile wallets, or stablecoin wallets through Kora’s existing infrastructure. Kora said it is expanding access in stages, with supported functions varying by…
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