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Stellar is a network for innovators building real-world blockchain solutions that create financial access for everyone.
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350 million people in Africa don't have access to bank accounts, and only 20% of families have formal bank accounts.
@fonbnk1 provides a real-world solution to this problem by turning 8 billion active prepaid SIM cards globally into virtual debit cards with Stellar.
Once users load prepaid airtime credits onto Fonbnk wallets, those credits are on-ramped onto the Stellar network and digitized into tokens named MIN, which can then be turned into USD Coin (USDC).
"I think this is an opportunity for solutions like ours, in combination with Stellar, to make a big difference and help the next two billion humans join the digital financial world," says @fonbnk1 CEO @cduffus.
https://t.co/1nJWS9PjnJ #BetterOnStellar
@fonbnk1 provides a real-world solution to this problem by turning 8 billion active prepaid SIM cards globally into virtual debit cards with Stellar.
Once users load prepaid airtime credits onto Fonbnk wallets, those credits are on-ramped onto the Stellar network and digitized into tokens named MIN, which can then be turned into USD Coin (USDC).
"I think this is an opportunity for solutions like ours, in combination with Stellar, to make a big difference and help the next two billion humans join the digital financial world," says @fonbnk1 CEO @cduffus.
https://t.co/1nJWS9PjnJ #BetterOnStellar