WSPN, a global leader in digital payments, has partnered with Canza Finance, a financial technology innovator in Africa, to promote the use of Real-World Assets (RWA) and Decentralized Finance (DeFi) across Africa and other emerging markets. This collaboration aims to enhance financial inclusion and provide advanced financial solutions to underserved populations.
- The partnership aims to bridge the gap in traditional financial services for the unbanked and underbanked populations in Africa by introducing advanced Web3 financial solutions. This initiative leverages WSPN's digital payment technologies and Canza Finance's local market expertise.
- Central to the collaboration is the integration of WSPN's stablecoin, WUSD, into Canza Finance's ecosystem. This fully collateralized stablecoin, pegged 1:1 to the U.S. Dollar, facilitates the smooth and stable conversion of African fiat currencies for various transactions, enhancing financial stability and trust for users.
- Canza Finance offers the first scalable on-chain adaptation of African currencies at parity with central bank rates through Baki exchange, providing stability and addressing currency devaluation. Additionally, Canza aggregates Real-World Assets on a new marketplace, streamlining access for investors and expanding market exposure for asset providers.
