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Condia Insider: Why Stablecoins won’t work for local B2B payments

Across Africa, businesses lose time and money to slow, unreliable payments. Fintechs promise speed, but without shared standards and stronger regulation, moving money across borders will stay harder than it should be.
4 minute read
Condia Insider: Why Stablecoins won’t work for local B2B payments
Photo: Source: BitKE

It was 6 pm on a Friday, and instead of logging off for the weekend, professionals and business owners across Africa joined a LinkedIn Live session for a conversation about business payments on the continent. The hour-long session, hosted by Condia, featured Dom Okiemute, CEO of Miden; Mallick Bolakale, CEO of Startbutton; and Joseph Olaoluwa, Acting Managing Editor at Condia.

Within minutes, they were unpacking why 52% of Nigerian businesses suffered payment failures last year, and how it once cost $87 to send $1,000 from Nigeria to Tanzania.

The conversation, sparked by Miden’s recent report surveying 303 businesses across Nigeria and South Africa, revealed a continent fraught with fintech innovation and fragmented infrastructure.

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Last updated: October 14, 2025

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