Sentz is a cryptocurrency platform that enables instant, low-cost global payments using end-to-end encryption, allowing users to send and receive money via phone numbers. It addresses the challenges of slow and expensive cross-border transactions, providing a solution for freelancers and businesses to receive payments in seconds with minimal fees.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cross-border payment systems often involve high fees, slow processing times, and complex procedures, creating friction for individuals and businesses needing to send or receive money internationally. Many freelancers and businesses face delays and significant costs when receiving payments from clients or partners located in different countries.
Solution
Sentz provides a cryptocurrency-based platform designed for instant and low-cost global payments, leveraging end-to-end encryption for secure transactions. The platform enables users to send and receive payments via phone numbers, streamlining the process and reducing transaction times to seconds. By utilizing a stablecoin (eUSD), Sentz aims to provide a payment method that is as easy as holding USD, with instant withdrawals to local currency, USDT, or USDC. This allows freelancers, businesses, and individuals to bypass traditional banking systems and their associated delays and fees.
Target Audience
The primary target audience includes freelancers, international businesses, and individuals who need a fast, secure, and cost-effective solution for sending and receiving cross-border payments.
Features
- Instant money transfers, with payment processing times of five seconds or less
- Low transaction fees, costing a fraction of a cent per transaction
- Payments can be sent and received using phone numbers
- Option to hold funds as eUSD
- Instant withdrawals to local currency, USDT, or USDC
- End-to-end encryption for secure payments
- Invoicing feature for freelancers to send invoices and receive payments
- Bank funding and withdrawals available for users in Nigeria