Finance
What to know: 🤔
- So, Africa’s teaming up with IOTA, Tony Blair, and the World Economic Forum to ditch paper like it’s a bad habit. Stablecoins are the new black, apparently. 🧾✨
- USDT is the star of the show, making cross-border payments faster than Larry David can complain about a parking spot. 🚀💸
- Say goodbye to paper cuts and hello to slashing costs, cutting delays, and kicking document fraud to the curb. 📉🔒
- By 2035, 55 African nations will be on this bandwagon, doubling trade and unlocking $70 billion. Because why not? 🌍💼
So, the African Continental Free Trade Area (AfCFTA) and IOTA are like, “Let’s fix trade with stablecoins.” Because nothing says innovation like replacing paper with pixels. 🖨️➡️🖥️
Enter the Africa Digital Access and Public Infrastructure for Trade (ADAPT), a partnership so fancy it’s got Tony Blair and the WEF on speed dial. Their goal? Make trade as smooth as a jazz solo. 🎷✨
Stablecoins, specifically USDT, are the unsung heroes here. IOTA’s founder, Dominik Schiener, is like, “We’re tokenizing everything-commodities, minerals, you name it. Cross-border payments? USDT’s got it.” 🌾🔗
And let’s not forget the timing. Stablecoins are finally getting the green light globally, and Africa’s like, “Yeah, we’ll take that leapfrog, thanks.” 🦘💳
Right now, African traders are drowning in $25 billion in transaction fees annually, and document fraud is eating billions more. Plus, 240 paper documents for one shipment? That’s just absurd. 📜😱
But hey, Kenya and Rwanda are already killing it with IOTA’s tech. Kenyan exporters are saving $400 a month on printing, and border clearance times went from six hours to 30 minutes. That’s what I call a win. 🇰🇪⏱️
ADAPT’s rolling out in Kenya, Ghana, and some mystery North African country first, then going continent-wide by 2026. By 2035, all 55 AfCFTA nations will be on board. Because why wait? 🗺️🚂
Schiener’s got the vision: “We’re anchoring crypto in the real world-real assets, real adoption, real value. No more boom and bust, just boom.” 💥🚀
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2025-11-17 16:04