Palremit Wins Stellar Grant

Big news at Palremit! 🎉

Palremit has received a grant from Stellar, a global payment network known for its low-cost, fast cross-border transactions powered by blockchain technology.

What Is the Stellar Grant?

The Stellar Development Foundation (SDF) supports innovative projects that promote financial inclusion and expand the use of blockchain for real-world solutions. 

This grant recognises Palremit’s mission to simplify cross-border payments for Nigerians and Africans at large. It’s not just a win for us—it’s a step forward for everyone who relies on efficient, affordable money transfers across borders.

What Does This Mean for Palremit Users?

Our partnership with Stellar is focused on delivering faster, cheaper, and more secure payment solutions. With this grant, Palremit will integrate support for major US payment systems such as ACH, Fedwire, and Wire transfers. This means users will soon be able to:

• Send and receive USD payments quickly without the long wait times typical of international transfers

• Enjoy lower fees for cross-border payments, ensuring that more money stays in your pocket

• Seamlessly transact using crypto with increased support for cryptocurrency use cases, making digital payments more accessible

Why This Matters for Cross-Border Payments in Africa

Sending money across borders has always been costly and slow, especially for Africans dealing with USD transactions. This partnership helps remove those barriers, providing users with reliable and affordable access to the global financial system. It’s a significant move toward financial inclusion, especially for small businesses and freelancers who need efficient payment solutions.

What’s Next?

The Stellar grant empowers us to enhance the Palremit app and roll out new features designed to improve your payment experience. Faster processing times, more payment options, and crypto integration are just the beginning.Download the Palremit app on Google PlayStore or Apple Store to experience true financial freedom on the go. You can swap money between USDT and other local currencies, so you can start using your money without borders.