Bingtellar is a blockchain-based payments platform that facilitates instant, low-cost money transfers and currency exchanges across multiple currencies, enabling users to send and receive funds globally with minimal fees. The platform addresses the challenges of slow transaction times and high costs associated with traditional remittance services, providing a seamless experience for businesses and individuals alike.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cross-border payment methods to Africa often involve high fees, slow transaction times, and currency restrictions, creating barriers for individuals and businesses seeking to transact globally. Existing platforms may not be tailored to the specific needs of African users, resulting in inefficiencies and increased costs.
Solution
Bingtellar provides a blockchain-based payment platform that facilitates instant, low-cost money transfers and currency exchanges across multiple currencies, enabling users to send and receive funds globally with minimal fees. By integrating stablecoins and DeFi with local payment networks, Bingtellar allows users to access the global economy and make everyday payments. The platform supports efficient on/off ramps and institutional market makers, empowering African users and businesses worldwide to transact using fiat or digital assets such as USDC, USDT, and cUSD. Recipients receive value or cash instantly in their local bank accounts or mobile money wallets, creating a seamless and confident transaction experience.
Target Audience
Bingtellar targets African diaspora, freelancers, remote teams, international contractors, and businesses seeking swift and cost-effective cross-border transactions into or across Africa.
Features
- Multi-currency accounts for seamless conversion between major world currencies
- Virtual cards for online and offline spending with up to 1% cashback
- Support for multiple digital currencies, including BTC, USDT, USDC, TRX (TRON), with plans to add BUSD, CUSD, ETH, and XLM
- Integration with local payment networks, including mobile money wallets and bank accounts in Nigeria, Ghana, Kenya, Rwanda, and Uganda
- Currency exchange and swap functionality with low costs and favorable rates
- KYC upgrades with increased transaction limits, up to $5,000 daily for Level 1 and $20,000 daily for Level 2
- Business API for global payments and transactions