VALR and Onafriq Unite to Boost Crypto Adoption via Mobile Money

VALR, a prominent cryptocurrency exchange on the African continent, has formed a strategic partnership with Onafriq, a digital payments gateway. This collaboration enables users across 43 African markets to easily fund their crypto accounts using mobile money, thereby expanding access to digital assets.

The integration allows individuals with mobile money wallets, such as M-Pesa or MTN MoMo, to deposit local currencies like Kenyan shillings, Nigerian naira, and Ghanaian cedis into their VALR accounts. These funds can then be utilized to purchase a wide range of digital assets, including Bitcoin, stablecoins, and tokenized gold.

This partnership takes advantage of the extensive network of Onafriq, which comprises nearly one billion mobile money wallets across Africa. By leveraging existing mobile payment systems, VALR aims to increase adoption of cryptocurrencies in the region while simplifying the process for users.