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Emerging Markets

LemFi and BVNK Rebuild Remittance Rails with Stablecoin Settlement in Kenya

The Rio Times · 3h ago · 🇧🇷 Brazil

LemFi and BVNK Rebuild Remittance Rails with Stablecoin Settlement in Kenya

Africa · Eastern Key Facts —The partnership. LemFi will route cross-border settlement through BVNK’s regulated stablecoin infrastructure, bypassing traditional correspondent banking networks. —The cost difference. Stablecoin-powered transfers can cost 2–3 percent, compared with roughly 6.5 percent for traditional money transfer operators on the Kenya corridor. —The Tether connection. The deal operationalises a strategy that began […] The post LemFi and BVNK Rebuild Remittance Rails with Stablecoin Settlement in Kenya appeared first on The Rio Times .

Read the full story at The Rio Times →

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