KAMPAY and MELD are proud to announce today a partnership focused on supporting each other's wallets and protocols to offer a complete financial service to African countries.
As KamPay operates lottery systems in several countries. This partnership will build a wallet integration where KamPay lottery winners can collect their winnings in the KamPay wallet and then use this as collateral to borrow against Fiat . The loans will be interest free and self paying. Once the loan is paid off the collateral will be available in the KamPay wallet again. This will incentivise lottery winners to save their money and only leverage a small amount into fiat.
Additionally, KamPay lottery winners can also buy crypto or mine crypto directly through the MELD app.
We will be working to share processes and functionality between our protocols, MELD and KAMPAY will work together to integrate mutual functionality and support each other's ecosystems. This includes the following:
We are very excited about this partnership as it is a display of true DeFi between two leaders in the crypto market.