Press release
Cometwallet Revolutionizes Cross-Border African Trade with Stablecoin Innovation
London, UK - May 30, 2025 - Cometwallet, a UK-registered fintech company specializing in stablecoins for cross-border African trade, has successfully executed multiple transactions using its groundbreaking dollar-equivalent stablecoin based on Airtime & Mobile Money. This revolutionary approach enables anyone with a feature phone to go on-chain via Cometwallet's ICN Web3 platform, which offers a comprehensive payment channel network. The network integrates traditional bank rails, Visa, and MasterCard on blockchain, alongside newer channels such as STK push on WhatsApp and Telegram.Cometwallet's primary mission is to create a viable digital currency by leveraging tokens, Real-World Assets (RWA), and facilitating cross-border trade through the tokenization of Electronic Warehouse Receipts. By enabling seamless transactions, Cometwallet's stablecoin presents the most inclusive solution for SME traders to engage in global trade.
Recognizing Africa's position as a net import economy, Cometwallet believes that integrating smart contracts on Stellar-especially as Stellar builds its core banking financial platform-is a transformative leap in Africa's global trade participation. A spokesperson for Cometwallet emphasized that this marks a "quantum leap" for the continent, unlocking new avenues for financial inclusion and economic growth.
Expanding its suite of services, Cometwallet is set to launch a virtual card that enables payments into China, Vietnam, and India-three crucial industrial and trade supply hubs. Furthermore, Cometwallet's API grants access to over 200 million mobile wallets, reinforcing its pioneering role in building a mobile money-driven continental economy.
For more information, please visit impalapay.com or contact Yvonne Wanjiku, yvonne@impalapay.com, +254103102336.
Impala Pay
Wuyi plaza galana road, Kilimani
Postal code ; 56538-00200
Comet Wallet is a cutting-edge digital finance platform dedicated to revolutionizing cross-border transactions and financial inclusion in Africa. By leveraging blockchain technology, Comet Wallet enables seamless stablecoin transfers and simplifies international trade for SMEs
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