South African fintech NeoNomad has introduced ZARcoin (ZARC), a stablecoin pegged to the South African rand, through a hybrid exchange platform.
Launched to tackle financial exclusion, the platform uses Solana Pay for instant, low-cost transactions. NeoNomad aims to integrate traditional and crypto finance, benefiting both banked and unbanked populations. The initiative includes educational programs to enhance understanding and trust in cryptocurrency, seeking to expand financial access and encourage economic participation in South Africa.
