ARQ provides a cross‑border digital currency app that lets users convert Mexican pesos into digital dollars and transfer funds between Mexico and the United States instantly.
Funding
Funding not disclosed
Founders
Product
Problem
People traveling or sending money between Mexico and the United States face high exchange‑house fees, slow processing times, and the inconvenience of physical cash or bank transfers.
Solution
ARQ offers a mobile app that lets users exchange Mexican pesos for digital dollars (and digital euros) and move those funds instantly across the border. The platform stores the converted amount in a digital wallet, enabling purchases, bill payments, and peer‑to‑peer transfers without traditional conversion charges. Transactions are processed in real time, and balances can be used directly for online shopping, travel spending, or remittances. ARQ also provides a Euro account feature, extending the same low‑cost, instant transfer experience to Europe. By eliminating hidden fees and lengthy queues, the app gives users a straightforward way to manage cross‑border finances from their smartphones.
Target Audience
Primary users are Mexican residents who travel to or conduct business with the United States and Europe, as well as freelancers and families that regularly send remittances across these borders.
Features
- Instant conversion of MXN to digital USD (and EUR) within the app
- Real‑time cross‑border transfers between Mexico, the United States, and Europe
- Digital wallet that supports purchases, bill payments, and peer‑to‑peer sending
- No exchange‑house or hidden fees; transparent pricing displayed before each transaction
- Integrated ARQ Pay for paying hundreds of public and private services directly from the wallet
- Mobile‑first experience with QR code onboarding and in‑app account management