The Problem: Remittances Are Expensive and Slow
For millions of people sending money internationally, traditional remittance services like Western Union and MoneyGram come with high fees and slow settlement times. In regions with weak banking infrastructure, recipients may struggle to access funds quickly, further delaying financial access.The Solution: Stablecoin-Powered Cross-Border Money Transfers with Blockradar
Blockradar provides a seamless way for individuals and businesses to send and receive money internationally using stablecoins, ensuring faster transfers, lower fees, and a reliable store of value. By removing the dependency on correspondent banks, international transactions become as simple as sending a text message.
How It Works
Send Money Instantly: Users can send stablecoins (USDC, USDT) across borders in seconds, eliminating costly middlemen.
Local Payout Options: Recipients can withdraw stablecoins in their local currency via integrated on/off-ramps or keep funds in USD.
No Volatility Risks: Unlike traditional cryptocurrencies, stablecoins maintain a 1:1 peg to fiat currencies, ensuring predictable value.
Real-World Use Case: Azza Cross-Border Payment Offerings
Platforms like Azza are leveraging stablecoins to enable seamless global transactions. While not traditional remittance companies, their platforms allow individuals to move money efficiently across borders by converting stablecoins into local fiat currencies. By integrating Blockradar’s infrastructure, they provide users with instant access to stablecoins, reducing reliance on traditional financial institutions and cutting transfer costs.The Result
Instant, low-cost transfers compared to expensive traditional remittance methods.
Greater financial access for users in underserved banking markets.
Elimination of currency devaluation risks by holding funds in stablecoins.