HoneyCoin, a Kenyan Web3 super app that works across borders, has teamed up with MYKOBO to make it easier to enter the European market.
The goal of this relationship is to make it easy for people in all 27 European Union (EU) Member States to deposit, withdraw, and send digital Euros to more than 140 countries. This does not include any areas subject to OFAC or global sanctions.
“We can continue working towards our shared goal of making digital tokens accessible and financially inclusive thanks to our partnership with HoneyCoin. Seyi Akin-Olugbemi is the CEO of MyKobo.”
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MYKOBO-HoneyCoin Partnership
It is easy and safe to buy, sell, store, trade, and send the EURC stablecoin and other cryptocurrencies on MYKOBO. The MYKOBO-issued EURC stablecoin is pegged 1:1 to the Euro fiat currency. This makes it easy for businesses and people to switch between standard fiat financial services and the blockchain.
David Nandwa, CEO and CTO of HoneyCoin said, “The world is seeing a global shift in payments technology, with stablecoins hitting an inflexion point in real-world usage and AI and machine learning being built into consumer products. HoneyCoin is at the very front of this digital transformation that’s happening right now, and we think that MYKOBO is too.”
“We’re excited to work with MYKOBO to grow our European business.” Both teams want to eliminate the barriers and limits that make it hard to connect and get what you need, but they are also cautious to follow the rules and keep things safe.
Because blockchain is naturally secure and both HoneyCoin and MYKOBO are designed with the user in mind, the two companies expect fees to go down a lot, transactions to go faster, and the general user experience to get better.
“Through this partnership, we’re combining our skills at making consumer products with MYKOBO’s infrastructure leadership in issuing digital assets. This will help us create new products, disrupt the market, and improve the experience for consumers and businesses.” I added Nandwa.
HoneyCoin integrated MoneyGram Access cash-to-crypto in July 2023. Kenyan, Ugandan, Tanzanian, Nigerian, and Ghanaian customers can withdraw USD Coin (USDC) holdings as cash at any MoneyGram station using Stellar blockchain technology.
About MYKOBO
Stellar is used by MYKOBO, a cutting-edge tech business that builds a bridge between the European financial infrastructure and the blockchain.
With the help of the MYKOBO-issued EURC stablecoin, which is pegged 1:1 to the Euro fiat currency, businesses and individuals can seamlessly transition from conventional fiat financial services to the blockchain.
As a Stellar partner, MYKOBO can take advantage of the standard protocols and low network fees that make it possible to link almost anywhere in the world. This lets them offer fast, affordable, and valuable services to businesses and users in Europe and beyond.
About HoneyCoin
HoneyCoin develops cutting-edge consumer and commercial applications. We specialise in offering worldwide value storage, transfer, and exchange solutions at unparalleled speeds. Using blockchain and traditional finance infrastructure, we deliver unmatched innovation. Artificial intelligence helps us build better platforms for both industries.