Condia Insider: Why Stablecoins won’t work for local B2B payments
- 52% of Nigerian businesses experienced payment failures last year.
- It cost $87 to send $1,000 from Nigeria to Tanzania.
- Stablecoins are seen as a solution for cross-border payments but not for local transactions.
The discussion highlights the complexities of the African payment landscape, where innovation is stifled by regulatory challenges and fragmented infrastructure. While fintech solutions show promise, the lack of cohesive policies and media literacy hampers progress. A focused effort on improving regulation and fostering collaboration among countries could unlock the continent's potential.
