Web3 payments platform Fuse has reportedly forged an alliance with ChromePay, an identity-based payment solution, to release a new suite of payment Africa-based offerings. 

Specifically, the initiative reportedly serves a target of amplifying financial inclusion on the continent.

The newly established facilities revolve around ChromePay’s decentralized identity service, alternatively referred to as a DID, which the firms claim will make it possible for millions of Africans to take part in the Web3 economy. 

Via taking advantage of the Fuse blockchain, ChromePay will provide users a wide range of Web3 payment offerings operated by its DID solution. As included in the scope of the alliance, Fuse has also awarded ChromePay a grant for an anonymous sum to design its DeFi and DID services directly on the blockchain.

Via completing the integration with the Fuse blockchain, ChromePay will reportedly allow users to tap into both traditional and blockchain-powered payments straight from their mobile devices.

Established in 2019, ChromePay reportedly introduced its payment solutions app in Nigeria last year, after a successful trial phase. The firm’s next milestone is the release of its Fuse-based DID in Ethiopia, a nation that has achieved significant development in its crypto adoption.

Decentralized identity is an emerging concept within Web3 that enables trusted data exchange. In practice, DIDs allow users to manage and administer their digital identity without reliance on a centralized third party.

Africa has reportedly turned into a hotbed for crypto and blockchain activity, with major populations in Kenya, Nigeria and South Africa selecting crypto assets as a gateway into financial services. 

This trend was identified by the United Nations in a June 2022 policy brief, which described the “unprecedented pace” of crypto adoption during the pandemic.