Kenya has one of Africa’s fastest digital economies. It ranks high on ICT development skills due to the investment and innovation in digital infrastructure spurring a booming start-up ecosystem.

Mobile money services like M-PESA have emerged as alternatives to traditional banking and furthered financial inclusion. The network has allowed for deposits, withdrawals, transfer of money, and buying goods using mobile phones.

Blockchain services like KOY Network will take Kenya’s digital economy further into the future by providing services that mobile money is challenged with.

International remittances are vital for the growth of the African economy and have increased over the last few years. KOY Network will provide cost-effective and efficient remittance solutions that cover large areas geographically and increase financial inflows.

A youthful demographic is a catalyst for economic growth and innovation. Kenya’s youth is approximately 75% of the population. Greater access to the internet and mobile phones enables the youth a chance through KOY Network to participate in a global digital financial economy and gain opportunities in entrepreneurship, innovation, and wealth creation.

An educated workforce can also develop and expand blockchain services such as KOY Network catering to the evolving financial needs of the African population.

The weakening of the Kenya shilling has created a demand for stablecoins. This protects valuable assets from a free-falling shilling that risks devaluing assets.

With these and many more services to be offered on KOY Network, the digital economy of Kenya and Africa at large is bound to expand and prosper exponentially.