The Africa Stablecoin Network has called for stronger, integrated payment systems to support Nigeria’s growing remote tech workforce.
The group made the call ahead of the Nigeria Stablecoin Summit scheduled to hold on Thursday, July 24, 2025, at the Lagos Oriental Hotel, Victoria Island.
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Organisers said the event, the first of its kind in Africa, will bring together policymakers, stablecoin issuers, exchanges, payment gateways, regulators, developers and ecosystem players to discuss frameworks that reflect current realities in the digital finance space.
President of the Africa Stablecoin Network and convener of the summit, Nathaniel Luz, said Nigeria has one of the largest tech talent pools in Africa but still lacks the infrastructure for seamless and borderless payments.
“The industry needs interoperable payment systems and reliable on- and off-ramps that connect everyday commerce with stablecoins,” Luz said in a statement Tuesday.
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“Collaborations between government and fintechs will help build trust, scale solutions, and drive sustainable systems that solve real problems. Everyone from startups to regulators has a role to play,” he added.
He said the summit, themed ‘Enhancing Adoption for a Borderless Digital Economy’, would serve as a platform to align on strategies that will shape the future of payments in Nigeria and beyond.
According to him, while stablecoins are considered a luxury in the West, they serve as an economic lifeline across Africa.
“This is a pivotal moment for Nigeria’s digital finance ecosystem. We’re inviting startups, companies, and stakeholders in the cross-border payments space to come together and define the next phase,” Luz said.
Startups attending the event will also have the chance to pitch for a $10,000 prize in a competition designed to spotlight local innovation. In addition, students interested in tech and digital finance are encouraged to submit essays for a contest with cash prizes for the top three entries.
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