Stellar’s latest partnership to leverage USDC for Europe-Africa remittance corridors
ambcrypto.comRemittance payments are important aspects of economic development in countries with a significant migratory population. Cryptocurrencies and blockchain networks are increasingly being used as remittance channels by these people due to their low fees and high speeds. With millions of potential users to grab, several networks are striving to control greater market shares.
Earlier today, the Stellar Development Foundation (SDF) announced the creation of two new remittance corridors between Europe and Africa by utilizing the USDC stablecoin. This will be facilitated via a partnership between global payments technology company Flutterwave and Stellar’s main payments partner, Tempo Payments. It will leverage the Stellar network and the USD Coin to
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