Kora Launches Stablecoin Payments for African Merchants

African merchants may soon tap into web3 payments as Kora, a pan-African payments company, announced it will allow merchants to accept and settle transactions in stablecoins. This move injects fresh momentum into the real-world use of digital dollars and other pegged tokens in Africa.

Kora's new stablecoin product is designed to let merchants across its pan-African network accept payments and settle them in stablecoins, directly targeting the friction that businesses face when receiving money from abroad: high correspondent-banking fees, multi-day settlement windows, and volatile local currencies.

The significance of this move sits at the intersection of three forces: high demand for cheaper cross-border payments Africa, the maturation of web3 payment solutions, and the search for practical stablecoin use cases beyond speculation. Africa is home to some of the world's most expensive remittance corridors; sending $200 to the region costs an average of 7.8% in fees (World Bank data).

Kora's move brings that capability directly into the merchant checkout flow, making crypto payments for businesses a practical, everyday tool rather than a niche experiment.