This post is the first of a two-part blog series.
We are excited to announce the launch of our first FinX pilot in Nairobi, Kenya in collaboration with cLabs, Kotani Pay, Appen, Mercy Corps Kenya, and NairoBits. FinX is out to test whether digital stablecoins and mobile wallets can ease frictions and reduce costs in cross-border payments for low-income youth. We believe new financial technologies have the potential to make financial access universal in the 21st century. That said, we know we don’t have enough evidence, particularly in the context of frontier markets and vulnerable populations. …
