Ghanaian fintech startup Hurupay has launched stablecoin-backed virtual US dollar accounts, targeting freelancers, remote workers, and businesses across Africa.
Why it matters
With many African economies struggling with currency depreciation, Hurupay’s solution provides users with a more stable financial alternative, ensuring predictable income and secure cross-border transactions.
How it works
- Founded in 2023, Hurupay operates as a crypto wallet that enables users to hold and transact in stablecoins—digital assets pegged 1:1 to the US dollar.
- The platform allows users to receive US dollar payments without hidden fees and withdraw funds through crypto exchanges.
- It aims to support small and medium-sized enterprises (SMEs) by providing a dependable payment option.
What they’re saying
“We are already available in over 40 countries, including Nigeria, Ghana, South Africa, Tanzania, the Philippines, and the United States,” said CEO Philip Mburu, emphasizing Hurupay’s global reach.
Source: Innovation Village
Source: Hurupay Launches Stablecoin-Based Virtual Dollar Accounts for African Freelancers
