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The Nexus
TECHNOLOGYJul 27 · 23:09 UTCTHE RIO TIMESAmina Diarra

LemFi and BVNK Rebuild Remittance Rails with Stablecoin Settlement in Kenya

LemFi and BVNK are partnering to route cross-border remittances in Kenya through BVNK’s regulated stablecoin infrastructure, reducing transfer costs to 2–3 percent from traditional 6.5 percent. The collaboration operationalizes a strategy involving Tether to bypass correspondent banking networks.

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LemFiorganizationBVNKorganizationKenyaplaceTetherorganizationStablecointopic
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