FiveWest Launches LZAR Stablecoin: Rand-Backed Digital Currency for Africa
LZAR stablecoin launches via FiveWest (licensed FSP No. 51619, PASA-authorized) and Lisk, offering 10% APY yield backed by South African Rand reserves. Zero transaction fees for merchants, customers spend while earning interestāno choosing between saving and spending.
Flamingo’s Coffee Bar (Jeffrey’s Bay) adopts LZAR: no setup costs, no chargebacks, zero-fee peer-to-peer transfers. Addresses Africa’s financial exclusion as stablecoins hit 43% of continent’s crypto volume. Low-cost cross-border remittances via Lisk’s scalable blockchain infrastructure.
FiveWest suite: OTC trading, payment gateway, custody.
