Africa Unites in Currency Revolution: PAPSS Launches Dollar-Free Trade Platform

Key Points

1. PAPSS enables real-time, 24/7 settlements without hard currency involvement, involving 16 central banks and over 150 commercial banks.

2. Over $2 billion is currently 'trapped' in African trade due to currency conversion inefficiencies, which PAPSS aims to resolve.

3. PAPSS partners with Interstellar, a pan-African blockchain provider using the Bantu network, which supports KYC and covers 16 countries with plans for continent-wide expansion.

4. The launch coincides with Africa's e-commerce growth but may provoke U.S. opposition, as President Trump has threatened tariffs on countries abandoning the dollar.

5. South Africa, a BRICS member, has already moved away from the dollar in response to U.S. threats.