How Swypt turns M-PESA payments into stablecoins without changing how Kenyans pay
- Swypt connects merchants to stablecoin rails, allowing them to sidestep Kenyan shilling volatility.
- The fintech's product enables M-PESA payments to be converted into USDT, facilitating smoother transactions for businesses.
- Swypt's model eliminates the need for upfront fees, charging only on payouts, which are below 1%.
Swypt's innovative approach to integrating stablecoins with the established M-PESA system presents a viable solution to the currency volatility challenges faced by Kenyan businesses. However, the reliance on third-party stablecoins and the M-PESA API raises questions about long-term sustainability and regulatory compliance. Further exploration into how Swypt can adapt to potential regulatory changes and market fluctuations would be beneficial.
