Juicyway: African Stablecoin Cross-Border Payment

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This stealthy African stablecoin startup already processed over $1B in cross-border payments | TechCrunch

Summary

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85% Informative

Juicyway, an African fintech that leverages stablecoin technology, is launching out of stealth after processing over $1 billion in transaction volume for thousands of African businesses over the last three years .

The startup claims to have processed over 25,000 transactions, generating $1.3 billion in total payment volume ( TPV ) from 4,000 users.

It's only now launching publicly after operating in stealth for three years and acquiring prominent customers.

Juicyway 's revenues come from processing and payment fees, with take rates ranging from 0.2% to 10% on certain transactions.

It's part of a growing wave of startups that are applying stablecoin tech to cross-border payments across Africa and other emerging markets.

The three-year-old fintech might acquire similar licenses in other African countries.

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semi-formal

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English