Pan-African fintech NALA deepens stablecoin rails to speed up dollar flows
- NALA partners with Noah to launch a cross-border settlement network for Africa and Asia.
- The new network allows merchants to receive stablecoin payments and convert them instantly to local currencies.
- NALA's B2B payments platform, Rafiki, is integrated with the new settlement network.
The partnership between NALA and Noah represents a significant step forward in modernizing payment systems in emerging markets. By leveraging stablecoins, they not only address the inefficiencies of traditional remittance channels but also provide a scalable solution that can enhance liquidity and reduce costs for businesses. This could potentially transform the financial landscape in regions that have historically been underserved.
