Why Stablecoins Matter for African Businesses ⚡

Stablecoins offer a unique solution to our monetary problems often faced by local businesses; it hurts when you try to save your business earnings and end up losing a big chunk to inflation and transaction fees. knowingly or unknowingly if you save your money in most of the African currencies chances are you will feel this impact, it not loud but over time it compounds to a bigger loss and if your business is not profitable to break even you will be operating at a loss. your business might be doing fine, you have clients but when you try to compute your earnings for the last 5yrs or so is when you realize something is not adding up and if you don't understand the economics of all this you might end up closing a profitable business; whatever might be destroying your business has nothing to do with you, it has everything to do with politics and the monetary policies. I understand Bitcoin⚡ and other crypto do have a bad reputation due to scams related activities but as a business owner your primary goal is to be profitable and scale your business over the years. stablecoins are better suited for this you can run your business normally with mpesa and bank transactions but when it come to savings you can do it in a stable coin like US dollar or Euro, of course you can ask your bank to open a foreign account for you but that might take some paperwork with so much back and fourth, while blockchain solutions are fast and easier to use; you don't need to understand the technological jargon of how blockchain works and all that, all you need is to understand which wallet you are using and how it can be easily integrated to your business operations, that it. at the end of the day all you need to succeed in your business venture is a means to scale and secure your earnings while at it. cheers 🥂