In accordance with Bijiwe, HesabPay's daily payments are quietly driving Algorand's large-scale adoption in Afghanistan's utility ecosystem. The HAFN stablecoin, issued exclusively on Algorand, has a market cap exceeding $122 million and over 78,000 on-chain holders. In 2024 alone, HAFN transactions on Algorand neared $10 billion, with the platform now supporting over 30% of electricity bill payments in Afghanistan. HesabPay, initially created to address humanitarian crises, has become one of the country's leading digital payment apps, enabling interoperable payments for aid organizations including the World Food Programme.
Algorand Supports Large-Scale Digital Payments via HesabPay Stablecoin Network in Afghanistan
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Summary
Algorand’s utility in Afghanistan is expanding through HesabPay’s stablecoin network, with HAFN’s market cap now above $122 million. The token, built solely on Algorand, has over 78,000 on-chain holders. In 2024, HAFN transactions hit nearly $10 billion, with the platform processing over 30% of electricity bill payments. HesabPay, originally designed for humanitarian aid, now supports interoperable payments for groups like the World Food Programme.
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