African inflation drives demand for stablecoins like Remitwise’s, which offers a secure and efficient way to send money home through partnering with the global exchange Excoinz, empowering individuals and fostering financial stability.
Wilmington, Delaware, United States, 17th Feb 2024 – Across Africa, many nations grapple with the harsh reality of soaring inflation. In Nigeria, for instance, the allure of the dollar or USDT against the Naira is undeniable due to its relative stability. This has led many African immigrants and workers to seek alternatives to their local currencies, opting for inflation-resistant USDT when sending remittances back home. However, acquiring USDT often presents significant challenges depending on the individual’s location.
Enter Remitwise Inc., a visionary remittance company in Africa, stepping up to meet this critical need. Recognizing the potential of stablecoins, they’ve strategically listed their coin on Excoinz, a globally recognized powerhouse. With a generous issuance volume of $100 million and built on the swift TRC-20 protocol, Remitwise’s stablecoin offers a secure and efficient solution, free from the volatility that plagues traditional currencies.
But why Excoinz? In a world teeming with cryptocurrency exchanges, Remitwise made a discerning choice. Excoinz boasts a robust user base built upon its success as a P2P platform for overseas remittances in Asia. Its global reach and accessible registration process make it an ideal partner, ensuring that users anywhere can leverage Remitwise’s services as long as they have a seller in their home country.
Excoinz, recognizing the immense potential of this collaboration, is exploring the establishment of a dedicated branch office in Africa. This move would significantly bolster their seller and vendor network, further streamlining the remittance process for countless individuals across the continent.
Remitwise’s initiative is more than just a financial transaction; it’s a bridge connecting families, empowering individuals, and fostering financial stability in the face of economic hardship. By harnessing the power of innovative technology and forging strategic partnerships, Remitwise is paving the way for a brighter future, one remittance at a time.
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: 1702249816