Nigerian blockchain payments platform Bitmama has partnered with decentralized finance (DeFi) platform Mansa to improve access to cross-border payments across Africa. This collaboration aims to empower consumers and businesses by addressing liquidity challenges that have historically hindered cross-border trade in the region.
Addressing the Funding Gap
The partnership will allow Mansa to provide the necessary liquidity for Bitmama to pre-fund accounts in 18 African countries, overcoming a significant barrier in cross-border settlements. Previously, Bitmama struggled with liquidity issues, limiting its ability to innovate and facilitate seamless payments between countries.
Mouloukou Sanoh, CEO and co-founder of Mansa, emphasized the importance of the partnership: “By providing the liquidity needed to pre-fund accounts, we enable individuals and businesses to benefit from enhanced cross-border payment services.”
Promoting Financial Inclusion
Mansa’s liquidity solutions have already been instrumental in promoting financial inclusion in regions facing funding gaps. In this new partnership, Mansa will help Bitmama pre-fund virtual crypto cards, which are expected to streamline cross-border payments within Bitmama’s coverage area.
This initiative is set to enhance payment services for entrepreneurs and businesses across Africa, further aligning with Mansa’s mission to bridge liquidity gaps in emerging markets.
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