TechFlow, November 18 — According to Cointelegraph, the Secretariat of the African Continental Free Trade Area has launched the "African Digital Access and Public Trade" (ADAPT) platform together with the Iota Foundation and other organizations, aiming to digitize cross-border trade through blockchain technology and stablecoins. The platform is scheduled to fully launch by 2027 and cover all 55 African countries by 2035, potentially generating an additional $70 billion in annual trade for Africa, reducing border clearance time from 14 days to under three days, and lowering cross-border payment fees to below 3%. Kenya will pilot the technology in the first quarter of next year. Currently, Africa's cryptocurrency user base is expected to reach 75 million by 2026, with stablecoins accounting for 43% of transaction volume in sub-Saharan Africa.
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