Efforts underway to digitize trade in Africa with blockchain, stablecoins
PositiveCryptocurrency
- Chido Munyati, the head of Africa at the World Economic Forum, emphasized the need for digitization in trade to overcome the challenges posed by outdated payment systems and documentation in Africa. He believes that blockchain technology and stablecoins can play a crucial role in this transformation.
- The digitization of trade in Africa is significant as it could streamline processes, reduce transaction costs, and improve access to markets for businesses. This initiative may foster economic growth and integration within the continent, ultimately benefiting various stakeholders involved in trade.
— via World Pulse Now AI Editorial System