Fast, affordable, and accessible financial solutions powered by stablecoins and Web3 technology
Current cross-border payment systems in East Africa face major challenges
Real Impact: A Kenyan sending $100 to family in Tanzania pays $8-15 in fees. That's money that should feed families!
Real Impact: Traders waiting days for payments can't restock inventory. Time is money in business!
Real Impact: Millions of hardworking people are excluded from the formal economy simply because they lack documents or can't meet minimum balances.
Real Impact: A trader might lose 10-20% of their money's value while waiting for a cross-border payment to clear.
Digital money that combines the best of both worlds
Think of stablecoins as digital cash that you can send through your phone, just like M-Pesa, but with three powerful differences:
Convert your KES, TZS, or UGX to USDC or USDT through your phone
Transfer to anyone in seconds, across any border
Recipient converts to their local currency or keeps as USD
Examples: USDC, USDT
Each stablecoin is backed 1:1 by real US dollars held in a bank. Most stable and trusted option.
Examples: Gold tokens (PAXG)
Backed by physical gold or other commodities. Protects against inflation.
Examples: DAI
Maintained by smart contracts and algorithms. More decentralized but complex.
The building blocks that make stablecoins work
Think of blockchain as a digital ledger that everyone can see but no one can cheat. It records every transaction permanently.
Most popular platforms for stablecoins. Polygon offers faster and cheaper transactions.
Specifically designed for cross-border payments. Very fast and low-cost.
Make transactions even faster and cheaper (1000+ transactions per second).
Automatic agreements that execute themselves when conditions are met. No middleman needed!
Money moves automatically when both parties fulfill conditions. Perfect for trade deals.
Funds held safely until goods are delivered. Builds trust between traders.
Requires multiple approvals for transactions. Extra protection for businesses.
Own and control your digital identity. No need for banks to verify you every time!
You control your identity data. Share only what's needed, when needed.
Verify once, use everywhere. No repeating verification for every service.
Prove who you are without revealing unnecessary personal information.
Stablecoins work with M-Pesa, Airtel Money, and other mobile money platforms you already use!
Convert between mobile money and stablecoins seamlessly through your phone.
Works just like sending M-Pesa. Simple and familiar interface.
Anyone with a phone can access financial services. No bank account needed.
How stablecoins solve real problems for real people
Annual informal trade volume in East Africa
Sent annually by East African diaspora
Example: Janet in London sends $500 to her mother in Nairobi. With traditional services, she pays $40-75 in fees and her mother waits 3 days. With stablecoins, she pays under $5 and her mother receives it in seconds.
SMEs struggle to access trade finance
The Problem: A Kenyan coffee exporter waits weeks for a letter of credit, pays high fees, and struggles with complex documentation. Many small businesses can't access trade finance at all.
Building a unified digital economy for East Africa and beyond
The EAC's vision for monetary union aligns perfectly with digital currency adoption. Stablecoins can accelerate regional economic integration.
A stablecoin backed by a basket of EAC currencies (KES, TZS, UGX, RWF) could facilitate seamless regional trade.
Cross-border payment infrastructure shared among member states reduces costs for everyone.
Unified regulatory framework for digital currencies simplifies compliance across borders.
Central banks can collaborate on developing regional digital currencies.
AfCFTA creates opportunities for continent-wide payment solutions, reducing Africa's dependence on Western financial systems.
No need to route through London or New York. African businesses transact directly.
Eliminate expensive intermediary banks that add costs and delays.
Lower payment costs directly support the growth of trade between African nations.
Build Africa's own financial infrastructure, independent of Western systems.
Our three-phase approach to transforming East African payments
Months 1-6
Months 7-18
Months 19-36
Real numbers showing the transformative potential
From 8-15% fees down to less than 1%
Lower forex fees and transaction costs
Seconds instead of 3-7 days
Instant settlements mean businesses don't tie up capital waiting for payments. Cash flows improve dramatically.
Stablecoins eliminate exchange rate uncertainty during payment processing periods.
Small businesses can now easily receive payments from international customers.
Predictable, fast payments improve business planning and reduce financing needs.
Bringing millions into the formal economy
Safer, more convenient digital payments
Increased participation for women and youth
Financial services reach remote communities
Lower transaction costs directly boost trade volumes between East African nations
Smart contracts reduce documentation and processing costs significantly
Transparent, fast payments improve logistics and reduce delays
Transparent information about challenges and how we address them
Progressive approach to digital payments. M-Pesa regulatory success provides blueprint. Draft crypto regulations in development.
Cautious stance focused on financial stability. Gradual opening to digital innovations with careful oversight.
Supportive of fintech innovation. Regulatory sandbox programs encourage experimentation. CBDC research underway.
Digital transformation strategy actively promoted. Blockchain-friendly policies. Developing fintech hub.
This project exists to educate, create conversations, and gather community feedback on using stablecoins and Web3 technologies to solve real problems in East Africa — especially costly cross-border remittances and limited access to financial services.
This is a community-led initiative. Share your feedback, ideas, and collaboration requests
Whether you're a developer, trader, student, policymaker, or simply curious — we want to hear from you. Share your thoughts, ask questions, or explore collaboration opportunities.
Share Your FeedbackOpens in a new tab • Google Form • Takes 2-3 minutes
We're a team of five volunteers from across the region
Lead Developer
Community Outreach
Marketing & Branding
UI & UX Designer
Financial Analyst
We currently have no partners — this is a community-led effort. We're volunteers passionate about financial inclusion and building solutions that work for East Africans.
Common questions about stablecoins and Web3
Stablecoins like USDC and USDT are backed 1:1 by real US dollars held in regulated banks. They undergo regular audits. Additionally, we use multi-signature wallets and insurance mechanisms for extra protection. The technology is already processing billions of dollars globally.
No! Just like you don't need to understand how M-Pesa works technically, you won't need to understand blockchain. Our apps are designed to be as simple as sending a text message. If you can use M-Pesa, you can use stablecoins.
Yes! We're building integrations with existing mobile money platforms. You'll be able to convert between mobile money and stablecoins easily through your phone, using the services you already trust.
We're working directly with regulators across Kenya, Tanzania, Uganda, and Rwanda to ensure full compliance. The regulatory landscape is evolving, and we're committed to operating within all legal frameworks while advocating for clear, supportive policies.
Stablecoins maintain their value relative to the dollar. If you're concerned about dollar volatility, you can also use commodity-backed stablecoins (like gold tokens) or hold multiple currencies. The goal is to give you options and protection against local currency volatility.
Transaction fees are typically less than 1% - compared to 8-15% for traditional remittance services. Some transactions cost just a few cents. We're committed to keeping costs as low as possible to maximize financial inclusion.
A community-driven initiative
We're a volunteer-led team with no current partners. We believe the best solutions come from community collaboration. If you're interested in partnering, contributing, or simply learning more — reach out!
Express Interest in Partnership