Fintech

WSPN Partners with African FinTech Canza Finance

Published

9 months ago

on


By Gloria Methri

Today

  • Africa
  • Finance Canza
  • DeFi

WSPN, a global digital payments company, has announced a strategic collaboration with Finance Canzaan Africa-focused FinTech company. The partnership aims to accelerate the adoption of Real-World Assets (RWA) and Decentralized Finance (DeFi) solutions in Africa and other emerging market regions.

The partnership aims to provide innovative, accessible, secure and efficient financial solutions, leveraging WSPN’s digital payment solutions and Canza Finance’s deep understanding of the African financial landscape.

The African market is poised for massive financial disruption, with a rapidly growing population and rising internet penetration. However, traditional financial services often fail to reach the unbanked and underbanked populations. This partnership seeks to bridge this gap by introducing advanced Web3 financial solutions, enabling individuals and businesses to access financial services that were previously out of reach.

At the heart of this collaboration is By WSPN stablecoin, WUSD. Designed to provide stability and reliability, WUSD is a fully collateralized stablecoin that is pegged to the US dollar at a ratio of 1:1. With the integration of WUSD into the Canza Finance ecosystem, users in African and emerging markets will be able to enjoy the seamless conversion of African fiat currency to WUSD, using a stable and reliable digital currency for various financial transactions.

Canza Finance has created the first scalable on-chain adaptation of African currencies at 1:1 parity with central bank rates. This innovative approach provides stability and trust for users transacting with local currencies on the blockchain. Baki offers a solution for hedging against currency devaluation, addressing a critical need in these markets.

Canza Finance also aggregates Real-World Assets (RWA) on a new marketplace. Having served over 300 institutions and agents, this platform simplifies investor access to high-quality assets while expanding RWA providers’ market exposure. The result is a more efficient investor experience and broader reach for RWA providers.

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