Debiti offers a global multicurrency payment solution that allows users to convert Mexican Pesos (MXN) to USDT and spend it worldwide using a physical or virtual debit card. This service addresses the need for seamless cross-border transactions and instant currency conversion, enabling users to manage their finances without geographical limitations.
Funding
$150K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional cross-border transactions often involve high bank fees, unfavorable exchange rates, and delays, particularly for users in Latin America dealing with volatile currencies like the Mexican Peso (MXN). These inefficiencies create barriers to international commerce and limit financial flexibility for individuals and businesses.
Solution
Debiti provides a multi-currency wallet and payment solution that enables users to convert MXN to USDT (Tether) and spend it globally using a physical or virtual debit card. This allows users to bypass traditional banking systems and leverage the speed and lower costs associated with stablecoins for international transactions. The platform also supports receiving MXN directly into a bank account, facilitating seamless conversion between traditional and digital currencies. By integrating a user-friendly mobile application, Debiti empowers individuals and businesses to manage their finances across borders with greater ease and control.
Target Audience
Debiti primarily targets individuals and businesses in Latin America, particularly in Mexico, who need a cost-effective and efficient solution for cross-border payments and currency conversion, including real estate companies, importers, exporters, and financial consulting firms.
Features
- Instant conversion between MXN and USDT within the mobile application
- Physical and virtual debit cards for spending USDT globally at restaurants, stores, and online merchants
- Ability to send USDT and receive MXN directly to a bank account
- Mobile application available on iOS and Android for account management and transactions
- OTC (Over-the-Counter) desk for businesses to operate with better exchange rates, without delays or restrictions
- Solutions designed for real estate companies to coordinate operations between regions, with complete traceability
- Solutions for import and export companies to make payments in more than 40 countries