Stablecoins could be key in PAPSS’ new blockchain platform for cross-border settlements

On June 26, the Pan-African Payment and Settlement System (PAPSS), the intra-African payment initiative, launched a new product for real-time cross-border settlements across Africa. The product, called the African Currency Marketplace, will enable businesses to settle transactions directly in African currencies without routing them through the US Dollar, the Euro, or any other foreign…