Sidebar: Inside Minipay’s $40M stablecoin strategy

For Minipay, stablecoins aren’t just a product but the foundation for cross-border payments, savings, and financial inclusion in a fragmented continent.

For Minipay, stablecoins aren’t just a product but the foundation for cross-border payments, savings, and financial inclusion in a fragmented continent.

Crypto is helping Africans protect themselves from the harsh realities of inflation via saving in assets like stablecoins.

Starting in February, Coinbase users in 20 African countries can buy USDC directly from the Coinbase Wallet App.

Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.

Figures show 50% of countries with available data experienced an increase in consumer prices in March.

While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.

While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.

Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.

More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.