not approved
P2P Marketmaker Money Transfer
Current Project Status
Unfunded
Amount
Received
Received
$0
Amount
Requested
Requested
$65,000
Percentage
Received
Received
0.00%
Solution
Ekival allows users to access transnational incomes without the need of using a traditional money transfer business. Ekival offers providers of liquidity a venue to transfer cash to more secure Ada.
Problem
Remittance fees averaging from 8.2% to 15% of the transfer amount is charged for transfers to Sub-Saharan Africa. Crypto adoption is also impacted as on-off ramps to fiat require some money transfer.
Impact / Alignment
Feasibility
Auditability
Team
Team Connections