KrillPay is a digital wallet that uses USDC stablecoins to facilitate cross-border money transfers. USDC is backed 1 to 1 by the US dollar. The dollars backing the USDC are deposited in a US bank and are FDIC-insured. KrillPay is not a bank. In the US, funds that are deposited in the KrillPay wallet are held by our US bank partner.
The KrillPay app is 100% digital. You can have access to your funds 24/7 from your mobile phone. In the US, you can use Plaid to link your bank account and make a deposit to your KrillPay USD Cash wallet. You can send USD to another KrillPay user in the US. To send a cross-border transfer, you have to move funds to your USD Digital wallet. From your USD Digital wallet, you can send remittances directly to a bank account, or mobile wallet in more than 10 African countries.
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