ViFi Labs, a decentralized protocol for foreign currency and stablecoin trading, has acquired OneRamp. OneRamp is a leading stablecoin payments platform in Africa. The deal gives ViFi Labs instant reach into key African markets and strengthens its ability to deliver practical, compliant crypto payment solutions.
Founded by Ugandans Elias Hezron Opio and Jovan Mwesigwa. OneRamp connects stablecoin payments directly to mobile money and banking systems. It makes it easy for users to pay for everyday needs. The platform serves over 25,000 users in Kenya, Uganda, Nigeria, and Tanzania. It attracts an annual revenue run rate of $1.2 million.
“This acquisition marks a major milestone for ViFi Labs as we move from building infrastructure to real-world deployment,” said Tony Olendo, Cofounder of ViFi Labs. “OneRamp gives us direct access to high-growth markets in Africa, where stablecoin demand is already proven. Together, we’re bridging institutional FX infrastructure with everyday payments at scale.”
Stablecoin adoption in Africa and Latin America is rising sharply, with institutional usage exceeding $540 billion annually. Yet much of this activity flows through informal P2P networks due to limited FX trading infrastructure. ViFi Labs is addressing this by building on-chain FX swap venues for secure, transparent, and scalable stablecoin trading.
“Joining ViFi Labs allows us to scale our mission of making stablecoin payments accessible, simple, and secure across Africa,” said Elias Hezron, Cofounder of OneRamp. “With ViFi’s infrastructure, we can grow faster while staying compliant.”
As part of its growth plan, OneRamp is expanding into Base, the Coinbase-backed blockchain ecosystem, aiming to become Africa’s leading stablecoin payments provider within the network.
“OneRamp will remain open to all platforms,” added Jovan Mwesigwa, Cofounder of OneRamp. “But joining Base gives us the reach to serve more users in Africa and worldwide.”
