EP33: Stablecoins in Africa: Stability & Innovation Powering Digital Payments

Listen to a live panel on "Stablecoins in Africa: Stability & Innovation Powering Digital Payments" recorded live at Africa Tech Summit Nairobi. Visit our website for more details and future events: www.africatechsummit.com.Victoria Calmon - Head of Marketing and Communications at Mento Labs Daniel Kimotho - Ecosystem and Strategic Partnerships at Celo Foundation Sebastien Piolat - Business Development Director for Web3 at Operaand moderated by Duncan Muchangi - Head of Business Development at Fonbnk. The panelists explore challenges and opportunities in the adoption of stablecoins across the continent, financial literacy, accessibility, and the current reliance on mobile money systems. Sharing insights into prevalent use cases for stablecoins — like savings, payments, and remittances— and highlight the role of emerging technologies in bridging gaps within traditional financial systems. The discussion covers the importance of partnerships and the ecosystem required for stablecoin growth, as well as exciting projections for the future where traditional banking systems may evolve into a more decentralized financial landscape.