Pan-African blockchain infrastructure provider Shiga Digital unveils mobile applications two months following Tether's investment
In a groundbreaking move, Shiga Digital, a blockchain-based fintech company, has announced a strategic partnership with the African Development Bank (AfDB) and Tether, the global leader in digital assets and issuer of the world's most widely used stablecoin. This collaboration marks a significant step in scaling blockchain adoption across Africa.
The partnership has led to the launch of new Android and iOS apps for Shiga Digital's end-to-end digital finance platform. These mobile apps make it easier for businesses and individuals in Africa to send and receive stablecoin payments, manage cross-border transactions, and invest in digital assets via their mobile devices.
Dami Etomi, Co-Founder and COO of Shiga Digital, emphasised that the company's approach is not just about technology, but about creating solutions that scale impact. Abiola Shogbeni, Co-Founder and CEO of Shiga Digital, stated that the new mobile apps are a major step in the company's mission to level the playing field and bring locally relevant financial tools to business owners.
Paolo Ardoino, CEO of Tether, expressed that the collaboration is rooted in a shared belief that access to stable, secure, and scalable financial tools should be a right, not a privilege. Tether is targeting FX and treasury solutions in Africa through its investment in Shiga Digital.
This partnership extends beyond financial backing, signifying a shared commitment to the future of finance in Africa. Shiga Digital partners with licensed financial transmitters in each of its markets to ensure its services are fully compliant, locally relevant, and aligned with applicable regulatory requirements.
Meanwhile, Visa has unveiled 22 startups for its 4th Africa Fintech Accelerator, with two of them being stablecoin infrastructure startups. Elsewhere, Sony is launching a crypto exchange named S.BLOX to intensify its Web3 presence.
Shiga Digital's platform was built specifically for African businesses, particularly mid-sized companies seeking alternatives to legacy financial systems. By integrating blockchain-based tools, Shiga Digital simplifies payments, enables faster cross-border trade, and offers transparent access to stable, secure digital finance.
The partnership between Shiga Digital and Tether signifies a promising future for digital finance in Africa, with the potential to revolutionise the way businesses and individuals manage their finances on the continent.
