The post Bitmama Partners with Mansa to Enhance Cross-Border Payments in Africa appeared on BitcoinEthereumNews.com.

The recent partnership between Bitmama and Mansa marks a significant advancement in the realm of blockchain-based financial services in Africa. With Mansa providing critical liquidity, this collaboration aims to revolutionize the way cross-border payments are processed within the continent. As Mouloukou Sanoh, CEO and Co-Founder of Mansa, aptly stated, this venture is a pivotal step toward enhancing liquidity for businesses operating in challenged markets. This article examines the transformative partnership between Bitmama and Mansa, which seeks to optimize cross-border payment solutions across Africa and enhance financial inclusion. Partnership Overview: Enhancing Cross-Border Payment Solutions Bitmama, a Nigerian blockchain payment platform, has recently forged a partnership with Mansa, a prominent decentralized finance (DeFi) platform. This strategic alliance is designed to enhance the capabilities of cross-border payments across 18 African nations. By leveraging Mansa’s liquidity provision, Bitmama aims to deliver a more seamless payment experience for consumers and businesses, addressing the previous challenges posed by liquidity shortages in targeted markets. Significance of Liquidity in Cross-Border Payments The primary advantage of this collaboration lies in Mansa’s ability to provide pre-funding for Bitmama’s accounts in various countries. Before this initiative, cross-border settlements faced significant hurdles due to insufficient liquidity, which often obstructed innovation and stifled market growth. The new arrangement is poised to bridge these gaps, ultimately fostering improved trade dynamics across the continent. The provision of liquidity is not just about facilitating transactions; it is about empowering entrepreneurs and promoting business sustainability across emerging markets. Impact on Financial Inclusion Across Africa This partnership has broader implications for financial inclusion, especially in regions facing acute funding shortages. Mansa’s liquidity solutions have played a crucial role in alleviating these issues since their implementation last year. As noted in recent reports, improved access to financial services can dramatically impact local economies, boosting trade and entrepreneurial efforts. By…

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Filed under: News - @ September 8, 2024 9:59 pm