Victoria, Seychelles--(Newsfile Corp. - March 21, 2022) - Visa, the world leader in digital payments is collaborating with the Bantu Blockchain Foundation (Bantu), custodians of the Bantu Blockchain Network infrastructure (Bantu Blockchain) to connect its digital asset-linked Visa cards to the Bantu Network Utility Token (XBN) developed by Bantu to facilitate fast and secure transactions on the Bantu Blockchain. This integration is expected to directly boost Africa's gig economy by significantly reducing the current friction and interoperability challenges when making payments within the continent.
This collaboration will be supported by a major Pan-African bank and leading Visa Banking Identification Number (BIN) Sponsor and will open up immense opportunities for increased economic activities across Africa starting with Zambia, Nigeria, Ghana, Kenya, South Africa, D.R.Congo, Rwanda, and at least 6 other countries. Transactions for all digital assets issued on the Bantu Blockchain using Bantu's XBN tokens settle in 2-4 seconds for significantly low network fees.
Visa will be issuing virtual cards in conjunction with a BIN Sponsor Bank and an enabler to the BantuPay wallet (ecosystem wallet of the Bantu Blockchain), to help ease the digital asset-to-fiat on/off ramping process. This means that every verified BantuPay user will have access to visa cards powered by Bantu (XBN) tokens.
In addition to the virtual cards integration with the BantuPay wallet, Bantu aims to airdrop...
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