ElementPay adds USDC and USDT off-ramps to mobile money
Businesses can convert dollar stablecoins into local currency on mobile money and bank accounts.
ElementPay now supports USDC and USDT off-ramps to mobile money and bank accounts. Businesses can send stablecoins through the ElementPay API and pay out in local currency, or on- and off-ramp through the ElementPay dApp.
The local amount is shown before the user confirms, and payouts are delivered on local rails in the recipient country. On-ramps from local currency into USDC are available through the same API.
The dApp is available at dapp.elementpay.net.
ElementPay builds payment rails for emerging markets. Businesses use one API and dashboard to pay out to mobile money and banks in 20 African countries, hold bank accounts in 30 currencies and convert between them and USDC and USDT.