Is focused on international remittance payments from migrant workers to
their families back home in the developing world. Specifically, to enable the exodus from
antiquated Payment Service Providers (PSPs) to self custody digital remittance
alternatives. This is crucial among the world’s unbanked/undocumented people groups,
estimated at nearly 2.5 billion.
For migrant workers, sending remittance payments is the lifeline for their families
survival. But this comes at a high cost. Not only are they separated from their loved
ones, many migrants are tricked, coerced, or threatened into slave labor conditions, with
no viable avenues for exit.
For migrant workers, this reoccurs every payday. Western Union is a popular PSP, but
their competitors can be much worse. There are numerous predatory PSPs who target
migrant workers because they’re uneducated or come from isolated villages. Scams and
exploitation are rife.