ViFi Labs Acquires OneRamp: Boosting Stablecoin Payments Across Africa
ViFi Labs, a prominent decentralized protocol specializing in the exchange of foreign currencies and stablecoins, has announced its strategic acquisition of OneRamp. OneRamp is an innovative stablecoin payments platform that has established a strong presence across key emerging markets in Africa. This move significantly enhances ViFi Labs’ capacity to deliver practical and compliant cryptocurrency payment solutions directly to consumers and businesses within the continent.
# OneRamp’s Strategic Value in Africa’s Fintech Landscape
Founded by Ugandan entrepreneurs Elias Hezron Opio and Jovan Mwesigwa, OneRamp has played a pivotal role in simplifying stablecoin adoption for everyday transactions. The platform seamlessly connects crypto payments with existing mobile money and traditional banking infrastructure, making digital currency accessible and usable for a broad audience. OneRamp currently operates in Kenya, Uganda, Nigeria, and Tanzania, boasting a robust user base of over 25,000 and generating an impressive annual revenue run rate of $1.2 million. This established operational footprint and proven demand for stablecoin utility made OneRamp an attractive target for ViFi Labs. The acquisition provides ViFi Labs with immediate access to these high-growth African markets, aligning with its strategic objective to move beyond foundational infrastructure development into widespread real-world deployment. As stated by a ViFi Labs representative, “This acquisition is a significant milestone for ViFi Labs as we move from infrastructure development to real-world deployment. OneRamp gives us direct access to high-growth markets in Africa, where demand for stablecoin use is already proven. Together, we’re creating a bridge…”
This acquisition marks a pivotal moment for stablecoin adoption and financial inclusion in Africa. By integrating OneRamp’s robust payment rails and established user base, ViFi Labs is poised to accelerate the deployment of compliant, real-world stablecoin applications. The synergy between ViFi Labs’ protocol and OneRamp’s on-the-ground presence promises to unlock greater financial accessibility and efficiency, further bridging the gap between digital currencies and the daily economic activities of millions across the continent. This development is set to foster a more integrated and accessible financial ecosystem in Africa’s rapidly evolving fintech landscape.
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