Visa expands stablecoin integration to drive cross-border payments in Africa 💸🌍; Klarna enters the mobile phone market 🛍️☎️
FinTech is Eating the World, 20 June
Hey Everyone,
Good morning & happy Friday! We just had one of the most fascinating & impactful weeks in FinTech this year so far. Today’s issue is perfectly tailored to wrap everything up as we’re looking into Visa, which is expanding stablecoin integration to drive cross-border payments in Africa (what it’s all about & why it matters + bonus dives into other Finance & Tech giants venturing into stables & the ultimate list of resources about stablecoins), and Klarna that just entered the mobile phone market (what’s the rationale here & why it actually makes sense + bonus dive into Klarna & more reads inside). So let’s just jump straight into the finnovative stuff 🌶️
Visa expands stablecoin integration to drive cross-border payments in Africa 💸🌍
The news 🗞️ Finance behemoth Visa V 0.00%↑ has just formed a strategic partnership with Yellow Card Financial, Africa's first licensed stablecoin payments operator, marking a significant step in the integration of traditional payment networks with digital currency infrastructure across emerging markets.
The collaboration positions both companies to capitalize on the rapidly growing stablecoin adoption in Sub-Saharan Africa, where digital dollars are increasingly viewed as a solution to foreign exchange challenges and limited access to traditional banking services.
Let’s take a closer look at this, understand why it matters, and see what’s next.