ADI Foundation Partners With M-Pesa to Bring 60+ Million Mobile Money Platform Users Onchain
Summary
The ADI Foundation, which operates MENA's first institutional Layer 2 network, has partnered with M-Pesa Africa to integrate blockchain infrastructure for M-Pesa's 60+ million monthly users across eight African countries, including Kenya, Egypt, and Tanzania.
The collaboration aims to build digital rails for individuals and SMEs, leveraging M-Pesa's established mobile money network to expand financial access beyond traditional banking, addressing the high rate of unbanked adults in sub-Saharan Africa.
ADI Chain is designed with embedded regulatory compliance, operational efficiency, and institutional security, utilizing ZKsync's Airbender technology. This partnership is a key step toward the ADI Foundation's goal of onboarding one billion people to blockchain by 2030, providing a model for integrating blockchain capabilities into existing mobile money platforms.
(Source:BeInCrypto)