Swypt launches Kenya’s first decentralised stablecoin as crypto regulations tighten
- Swypt integrated cKES, Kenya's first decentralized stablecoin, on Mento.
- The platform debuted at ETHSafari 2023 and officially launched in June 2024.
- Swypt offers payment solutions including stablecoin transactions and SME payments.
While Swypt's integration of cKES presents a promising advancement in Kenya's fintech landscape, the potential regulatory hurdles and tax implications could significantly affect its operational viability and user adoption. The company must strategically address these challenges to establish itself as a leader in the decentralized finance space.
