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HoneyCoin Partners with Tether to Expand Stablecoin Access Across Africa and the Global Diaspora

Nairobi, Kenya – HoneyCoin, one of the fastest growing African fintech platforms on a mission to build the operating system for money movement in frontier markets, is announcing it’s strategic partnership with Tether, the company behind USDT, the world’s most widely used stablecoin.

The integration will see USDT integrated on a payment acceptance and a gateway level into HoneyCoin’s growing ecosystem of merchants for both online and in-person payments enabling billions across Africa and globally to have cheaper, borderless access to money in turn spurring more trade and payment activity.

“This partnership marks a pivotal moment not just for HoneyCoin, but for the future of payments in Africa,” said David Makuku Nandwa, CEO of HoneyCoin. “Our work at HoneyCoin centers on solving two fundamental challenges: making sure businesses can accept every form of payment their customers want to use, and providing them with sophisticated tools to strengthen and scale their financial operations," said David Makuku Nandwa. "We're bringing the same simplicity that mobile money offers to stablecoin acceptance, while giving African entrepreneurs access to the currency stability and global connectivity that digital dollars enable.”

With this partnership, we will:

• Allow merchants to seamlessly accept stablecoins directly from their point-of-sale, giving shoppers more ways to pay and helping merchants earn more from their hard-earned sales.
• Bring in-person payments with stablecoins to stores across the continent
• Conduct international business with price certainty and minimal friction, leveraging dollar-backed digital assets
• Preserve value and free up cashflows with faster settlement times and substantially lower fees
• Shield savings from the impact of currency devaluation and inflation

Fintechs, wallets, and platforms can also tap into HoneyCoin’s developer APIs to build stablecoin-enabled experiences across the African continent and diaspora corridors.

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Backed by Global Investors and Real Traction

This announcement follows HoneyCoin’s recent $4.9 million seed round, led by Flourish Ventures with participation from Visa Ventures, TLcom Capital, Stellar Development Foundation, Lava, Musha Ventures, 4DX Ventures, and Antler.

As an early mover in bringing practical digital currency solutions to Africa, HoneyCoin continues to demonstrate its commitment to making stablecoins a viable option for everyday transactions.

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