How PAPSS Enables Local Currency Swaps for Intra-African Trade
PAPSS blockchain marketplace with Bantu and Interstellar simulated stablecoins enables dollar-free local currency swaps across 19 countries. Tackles 8.45% remittance fees (20% peak) and $1B trapped airline funds.
Victor Akoma-Philips: “We created stablecoin semblance for corporate settlements.” Wamkele Mene: “We must use our currencies.” Supports $220.3B intra-African trade (12.4% YoY growth) toward AfCFTA’s $3.4T market. Afreximbank launched 2022.