Fonbnk, a fintech company, is addressing the financial accessibility gap in Africa by turning prepaid SIM cards into digital debit cards. With 350 million people being unbanked in Africa and only 20% of families using formal banks, Fonbnk’s solution aims to provide financial services to those who are currently excluded. By integrating the Stellar blockchain, users can redeem airtime for USDC and access a range of financial services. Fonbnk already has over 8 billion active prepaid SIM cards worldwide, allowing users to engage in the digital economy. The CEO of Fonbnk sees their solution as a way to help billions join the digital financial world. In other news, technical analysis suggests that Stellar Lumens (XLM) may experience a potential revival in the near future, with a falling wedge pattern indicating a potential breakout that could lead to a target of $0.500. Fibonacci Retracement levels and the RSI also support the prediction of a rebound in January.
- Content Editor ( crypto-news-flash.com )
- 2024-12-31
Stellar Partners with Fonbnk to Transform SIM Cards into Virtual Debit Cards—XLM to Drive Financial Inclusion in Africa