New updates have been reported about Zepz (PC:ZEPZZ)
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Zepz, the global payments group known for WorldRemit and Sendwave, has introduced the Sendwave Wallet, a stablecoin-backed digital wallet designed to enhance cross-border money transfers. This innovative solution allows customers to send, store, and spend funds seamlessly across Africa and over 100 countries, leveraging stablecoin technology to ensure stable value and enable quick, reliable, and cost-effective transactions within the Sendwave network. The wallet provides users with the ability to open a digital dollar balance within the Sendwave app, facilitating secure and stable transactions pegged to the US dollar. This development aims to empower users, particularly in the Global South, by offering greater control over their finances and promoting financial stability.
Mark Lenhard, CEO of Zepz, emphasized the importance of this launch, stating that the Sendwave Wallet offers a trusted and intuitive way for cross-border communities to manage their finances, moving beyond traditional remittance services. The wallet integrates stablecoins to provide a secure method for holding value and transferring money without the complexities associated with traditional crypto wallets. Supported by Zepz’s extensive global payout network, users can convert their USDC funds into fiat currency for everyday needs, with future plans to enable direct spending via cards and QR codes. Collaborating with industry leaders like Circle, Solana, and Portal, Zepz is set to expand its offerings, including rewards on deposits and global payment card usage, further transforming the landscape of cross-border payments.