cryptonews.net
Nuzo, a stablecoin payments platform focused on African markets, has deployed its service on the Lisk Layer 2 blockchain. This partnership supports the adoption of blockchain payment solutions in emerging markets, starting with everyday payments.
The platform offers stablecoins pegged to local currencies, including the Kenyan Shilling, Tanzanian Shilling, Ugandan Shilling, and Nigerian Naira. Users can add funds to the Nuzo Wallet in various ways. Deposited funds are converted into stablecoins.
Each transaction on Nuzo generates reward points that can be exchanged for local stablecoins or fiat currency. By combining stablecoin technology with a network of physical agents, the service addresses challenges such as unstable exchange rates, high remittance costs, and limited banking access.
Nuzo has already gained more than 200,000 users across businesses and consumers. Its wallet system operates in a way that resembles familiar mobile money services, lowering the barriers to adoption for digital payments.
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