“Our partnership with HoneyCoin allows us to continue our joint vision to make digital tokens not only accessible but also financially inclusive.” Seyi Akin-Olugbemi (CEO – MYKOBO).
MYKOBO provides an easy and secure environment to buy, sell, store, trade and send the EURC stablecoin and other cryptocurrencies. The EURC stablecoin, issued by MYKOBO and pegged 1:1 with the Euro fiat currency, allows businesses and individuals to move seamlessly between traditional fiat financial services and the blockchain.
“At a time where the world is seeing a global shift in payments technology, with stablecoins hitting an inflection point in real-world usage and the embedding of AI & machine learning into consumer products, HoneyCoin is at the very forefront of this digital transformation that’s currently happening and we believe that MYKOBO is as well,” said HoneyCoin’s CEO/CTO David Nandwa.
“We’re thrilled to be partnering with MYKOBO for our launch into Europe. Both teams share the same values in eliminating the borders and limitations that inhibit connectivity and accessibility whilst still paying close attention to regulatory compliance and security.”
Through blockchain’s inherent security and the user-centered designs of both HoneyCoin and MYKOBO, the two companies anticipate significant reductions in fees, faster transaction processing, and an overall enhanced user experience.
“Through this partnership we’re combining our expertise in building consumer-facing products with the infrastructural superiority that MYKOBO has in the digital asset issuance space to innovate, disrupt and improve the experience that consumers and business have.” Nandwa said.
In July 2023, HoneyCoin integrated the MoneyGram Access cash-to-crypto solution. The integration, powered by the Stellar blockchain technology, allows users in Kenya, Uganda, Tanzania, Nigeria and Ghana to withdraw their USD Coin (USDC) holdings as cash at any supported MoneyGram location.
We're excited to share @honeycoinapp users can now cash out of their USDC balance at supported @MoneyGram locations in Kenya, Uganda, Tanzania, Nigeria, Ghana, and the UK 🥳️
Another real-world use case for @Circle’s USDC on Stellar.https://t.co/0JKNhdJMx3
— Stellar (@StellarOrg) July 17, 2023
