Remitwise, an Africa-based remittance specialist, partnered with Excoinz, a global P2P platform, to offer faster, more secure, and cost-effective remittance solutions to Africans by issuing a stablecoin immune to price fluctuations. This partnership aims to build bridges between families, empower individuals, and foster financial stability in Africa.
Wilmington, Delaware, United States, 19th Feb 2024 – Today, Excoinz, a global peer-to-peer (P2P) platform for overseas remittances, and Remitwise Inc., a visionary Africa-based remittance specialist, announce a groundbreaking partnership poised to disrupt the traditional remittance landscape across the continent. This strategic collaboration leverages the strengths of both companies to offer faster, more secure, and cost-effective remittance solutions to the millions of Africans sending money back home.
Combating Inflation with Stablecoin Innovation:
Soaring inflation across Africa has eroded the value of local currencies, prompting individuals to seek alternatives for sending remittances. Remitwise meets this challenge head-on by issuing a $100 million stablecoin listed on Excoinz’s platform. This stablecoin, Remitco(RMC) is built on the swift TRC20 protocol, is immune to price fluctuations, ensuring recipients receive the full value of their remittance.
Excoinz: The Ideal Platform for Global Reach:
Excoinz boasts a well-established P2P network across Asia, providing a perfect springboard for Remitwise’s expansion into Africa. Its user-friendly platform allows for seamless registration and transactions from anywhere in the world, as long as a seller is available in the user’s home country. This eliminates geographical barriers and empowers even those in remote locations to leverage the partnership’s benefits.
Expanding Footprint, Strengthening Impact:
Recognizing the immense potential of this alliance, Excoinz is committed to establishing a dedicated branch office in Africa. This strategic move will significantly bolster their seller and vendor network, ensuring wider accessibility and faster transactions for countless individuals across the continent.
A Symbiotic Partnership for a Brighter Future:
This partnership transcends mere financial transactions. It signifies a commitment to building bridges between families, empowering individuals, and fostering financial stability in the face of economic challenges. By merging Remitwise’s innovative stablecoin solution with Excoinz’s robust P2P network, the collaboration paves the way for a more inclusive and efficient remittance ecosystem in Africa.
About Excoinz:
Excoinz is a leading global P2P platform specializing in overseas remittances. With a user-friendly interface and extensive network, Excoinz empowers individuals to send and receive money seamlessly and securely across borders.
About Remitwise Inc.:
Remitwise is a pioneering remittance company focused on Africa. By leveraging innovative technology, including stablecoins, Remitwise offers fast, secure, and cost-effective solutions that combat inflation and empower individuals across the continent.
Media Contact
Organization: Excoinz Inc.
Contact Person: Wade Berry
Website: https://www.excoinz.com
Email: Send Email
City: Wilmington
State: Delaware
Country: United States
Release Id: 1902249857