Pan-African fintech Kora adds stablecoins to its payment infrastructure
- Kora has launched One Rail, integrating stablecoin payment options into its existing network.
- Merchants can accept payments in dollar-backed stablecoins USDT and USDC and settle funds through Kora’s infrastructure.
- Kora is expanding access to One Rail in stages, with varying supported functions by market.
Kora's introduction of One Rail represents a significant step towards modernizing payment systems in Africa, leveraging stablecoins to enhance transaction speed and reduce costs. However, the challenge of ensuring local currency liquidity remains a critical issue that needs to be addressed for broader adoption and effectiveness.
