crypto-based cross-border payments
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BSCN· 2026-04-24 17:16
CREDIT BANK ASKS CBK TO GREENLIGHT STABLECOIN PILOTKenya's Credit Bank has formally asked the Central Bank of Kenya for approval to test crypto-based cross-border payments. The pilot would run through a partnership with stablecoin issuer Anzens, announced earlier this week.Customers would convert Kenyan shillings or US dollars into USDA, Anzens' dollar-backed stablecoin, directly from their bank accounts. Cross-border settlements would land at a flat 1.5% fee, against a World Bank estimate of nearly 8% acro ...