Its not even a secret anymore
Our Tanzanian users can already pay utility bills, TV subscriptions like DStv, prepaid internet, government payments, travel & tickets, all through NEDApay.
And yes, bill payments are coming to more countries soon 😉
So, jokes on you if you still think NEDApay is just for sending and receiving stables globally.
There’s a lot more we can do today, and 10x more we intend to build tomorrow.
All you have to do is create an account and ride the wave with everyone else 🙂
Something is emerging in Tanzania’s fintech ecosystem, and I think it’s worth paying attention to.
That’s why we are hosting Mambo Stable #01 on 27 August in Dar es Salaam, bringing together fintech founders, operators, banks, regulators, investors and builders to have an open conversation about where stablecoins actually fit in Tanzania.
140 people have already registered, and we are reviewing applications to approve just 40 people for this first one.
You can be one of them. Register here: https://t.co/dQGXvTtgGq
Supported by @WakaPayments@Senjarotz@SwahiliesPay@TemboPlus@ntzs_co & Goldcavern Associates
I believe we will get a vote on the Clarity Act before August recess and get people on the record after 11 months of negotiating with Democrats and adding 300+ pages to the bill at their request.
It's just time to get people on the record.
Tanzania turns from crypto warnings to crypto rules
The Bank of Tanzania (@BankOfTanzania) is finalizing its first regulatory framework for crypto, stablecoins, and virtual assets, per Governor Emmanuel Tutuba. The study is done. Now it waits on government sign-off.
This is the same central bank that told citizens to stay away in 2019. Since then: a 3% tax on digital asset transfers, and in May it approved a pilot for nTZS, a stablecoin backed 1:1 by the Tanzanian shilling.
No timeline yet. But the direction across East Africa is one way. Who formalizes first?