Visa Expands Stablecoin Infrastructure as African Adoption Reaches 79%
Visa is expanding stablecoin infrastructure across Africa, partnering with Flutterwave, Yellow Card and others as crypto-active users in the region adopt stablecoins at 79%. Remittance costs have dropped from 8.78% via traditional methods to 0.5–1% using stablecoins.
1. Expansion of Stablecoin Infrastructure
Visa has teamed with major fintech firms including Flutterwave and Yellow Card to build stablecoin rails, aiming to reduce cross-border friction and enhance payment efficiency across multiple African markets.
2. Driving Adoption through Cost Savings
Traditional remittance fees average 8.78%, while stablecoin transactions cost between 0.5% and 1%, prompting 79% of crypto-active African users to switch to stablecoins.
3. Partnerships and Ecosystem Growth
Visa’s alliances with Flutterwave, Yellow Card and other institutions focus on developing wallets, on-ramps and settlement layers, positioning Visa as a central hub in Africa’s digital payments ecosystem.
4. Regulatory Frameworks Support Expansion
Countries like Kenya, South Africa and Mauritius are formalizing stablecoin guidelines, offering legal certainty that underpins Visa’s strategic investments and product deployments in the region.