African businesses turn to stablecoins to cut payment delays, Kora CEO says
African businesses have increasingly turned to stablecoins over the past five years to address cross-border payment delays, dollar access, and settlement costs, according to Kora CEO Dickson Nsofor. Dickson Nsofor, CEO of pan-African payment infrastructure platform Kora, told crypto.news that businesses increasingly see stablecoins as a way to resolve payment problems that have complicated trade across African markets. Drawing on his experience building the company and working with merchants, he identified commercial payments, supplier settlements and cross-border payouts as areas of growing demand. In his account, interest is strongest where businesses face slow transfers, high costs, or difficulty obtaining liquidity. Stablecoins address supplier payment delays and dollar access Before founding Kora, Nsofor ran a hardware business in Nigeria, where paying a manufacturer in China could take 10 to 14 days, he recalled. Transfers passed through several correspondent banks, and an error could extend the wait. For companies trying to trade or expand into another market, he said, receiving and settling money efficiently comes before other financial activity. “They are solving a practical problem first. Businesses are seeing a way to move and settle value across borders more efficiently, and that creates the foundation for other financial activity.” According to the payments executive, stablecoins can provide a dollar-based









