TORTOLA, British Virgin Islands, July 25,
2024 /PRNewswire/ -- WSPN, a leading global digital
payments company, is thrilled to announce its strategic
collaboration with Canza Finance, a pioneering financial technology
company focused on Africa. This
partnership aims to accelerate the adoption of Real-World Assets
(RWA) and Decentralized Finance (DeFi)
solutions across Africa and other
emerging market regions.
The collaboration between WSPN and Canza Finance marks a
significant milestone in the journey toward financial inclusion and
the freedom of finance in underserved markets especially in the
African Continent. By leveraging WSPN's cutting-edge digital
payment solutions and Canza Finance's deep understanding of the
African financial landscape, the partnership aims to provide
innovative financial solutions that are accessible, secure, and
efficient.
The African market is poised for huge financial changes, with a
rapidly growing population and increasing internet penetration.
However, traditional financial services often fall short in
reaching the unbanked and underbanked populations. This partnership
seeks to bridge that gap by introducing advanced Web3 financial
solutions, enabling individuals and businesses to access financial
services that were previously out of reach.
At the heart of this collaboration is WSPN's
stablecoin, WUSD. Designed to provide stability and
reliability, WUSD is a fully collateralized stablecoin
that is pegged to the U.S. Dollar at a 1:1 ratio. With the
integration of WUSD into Canza Finance's ecosystem, users in
African and emerging markets will enjoy the smooth conversion of
African fiat to WUSD, using a stable and trustworthy digital
currency for various financial transactions, including remittances,
payments, and savings.
Canza Finance has built the first scalable on-chain adaptation
of African currencies at 1:1 parity with Central bank rates -
https://baki.exchange. This innovative approach ensures stability
and trust for users transacting with local currencies on the
blockchain. Baki offers a solution for hedging against currency
devaluation, addressing a crucial need in these markets.
Canza Finance's mission is to empower individuals and businesses
across Africa and emerging markets
by building the on-chain financial system of the future. The
company also aggregates Real-World Assets (RWAs) on a new
marketplace. Having serviced over 300 institutions and agents, this
platform streamlines access to high-quality assets for investors
while expanding market exposure for RWA providers. The result is a
more efficient experience for investors and a broader reach for RWA
providers.
About WSPN
WSPN is a global digital payments company that provides
transparent, fast, and efficient digital payment solutions
leveraging the latest technological advancements of Distributed
Ledger Technology ("DLT"). We are dedicated to shaping seamless
digital payment solutions for our global partners worldwide at the
frontier of future digital payments and financial inclusion.
Worldwide USD ('WUSD'), WSPN's flagship USD
stablecoin, is a fiat-collateralized
stablecoin that is pegged to the U.S. Dollar at a 1:1
ratio. Dedicated to optimizing payment solutions for web3 industry
enterprise users, WUSD empowers the real economy through secure,
compliant digital payments, spanning stablecoins, exchanges and
cards, all geared for global expansion.
Learn more: www.wspn.io | Twitter |
LinkedIn
About Canza Finance
Canza Finance is an Open Finance Portal enabling access to
unlimited financial services for emerging markets. Backed by
seasoned industry leaders such as Avalanche, Protocol Labs,
Consensys Mesh, etc.
While Canza is committed to building products tailored to serve
emerging economies with products such as Baki that offer one of the
most effective ways to actively hedge against currency devaluation;
the permissionless nature of Blockchain technology allows for these
services and products to be utilized globally. Canza's RWA
marketplace is a global product that offers a better investment
experience for RWA investors and enhanced exposure for RWA
providers.
Learn more: https://canza.io | Twitter | Telegram
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SOURCE WSPN