Localramp, an innovative payment gateway across Africa, has introduced a groundbreaking solution for businesses within the continent. The service helps businesses across the continent to accept local currencies and instantly receive USDT, which can be withdrawn or converted to USD seamlessly through the platform.

This significant achievement tackles a persistent hurdle confronted by businesses operating in Africa, the demand for streamlined and secure cross-border transactions. 

Previously, these enterprises had to navigate intricate foreign exchange procedures, resulting in delays and substantial expenses. 

However, this innovative service eliminates these hurdles, allowing African businesses to charge customers in their local currencies while instantly receiving payments in USDT, a stablecoin pegged to the value of the US dollar. Businesses can also payout USD to 80+ countries from their stablecoin balance on the platform.

Through this, Localramp is working towards fulfilling its mission of building the “SWIFT for Africa” on blockchain rails through the introduction of its fiat onramp and offramp APIs earlier this year.

Through Localramp’s Instant USDT settlement feature businesses can also gain charge-back protection, mitigating the risks of fraudulent transactions and ensuring secure and efficient settlement processes.