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Africa Targets $70B Intra-Continental Trade Boost With IOTA Blockchain and USDT Payments

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  • Africa uses IOTA and stablecoins to modernize trade across 55 nations.
  • Pilot programs in Kenya and Rwanda cut costs, paperwork, and border delays.
  • ADAPT could unlock $70B in trade and double intra-African commerce by 2035.

Africa has taken a major step toward modernizing its trade infrastructure. The African Continental Free Trade Area (AfCFTA) Secretariat and the IOTA Foundation have launched a digital trade project to make moving goods and payments across the continent faster and easier.

The Africa Digital Access and Public Infrastructure for Trade (ADAPT) project is in partnership with the Tony Blair Institute and the World Economic Forum (WEF). Its mission is to build a shared, open-source digital backbone connecting all 55 African nations by 2035.

IOTA’s blockchain technology will form the backbone, while stablecoins like USDT will handle cross-border pay…

Read The Full Article Africa Targets $70B Intra-Continental Trade Boost With IOTA Blockchain and USDT Payments On Coin Edition.

23h ago
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