OSMO provides an international digital wallet platform enabling users to hold, exchange, and spend multiple fiat currencies alongside Bitcoin and USDT. The service facilitates fast, low-fee international transfers using blockchain technologies like the Lightning Network and Polygon. Users can fund their accounts via various methods and access funds through affiliated cash withdrawal points, bank transfers, or cryptocurrency withdrawals.
Funding
Funding not disclosed
Founders
Product
Problem
Latinos often face challenges with traditional financial systems, including high fees for international transfers, limited access to banking services, and currency conversion complexities. These barriers can hinder their ability to send money to family, save, or participate fully in the global economy.
Solution
OSMO provides a digital wallet designed to streamline financial transactions for Latinos, offering a seamless experience for sending and receiving money across borders. The platform supports multiple currencies, including Bitcoin, Quetzales, and U.S. dollars, enabling users to transact without the typical delays and hidden fees. OSMO facilitates instant transfers, currency exchange, and payments to over 10,000 merchants accepting Bitcoin, all within a secure and user-friendly mobile application. By leveraging the Bitcoin Lightning Network, OSMO ensures fast and low-cost transactions, making financial services more accessible and efficient.
Target Audience
OSMO primarily targets Latinos who need efficient and affordable solutions for international money transfers, digital payments, and access to Bitcoin-based financial services. This includes individuals sending remittances, businesses accepting payments, and users seeking to participate in the digital economy.
Features
- Multi-currency support: Manage funds in Bitcoin, Quetzales, and U.S. dollars within a single wallet.
- Instant international transfers: Send and receive money globally with near-instant transaction speeds.
- Bitcoin Lightning Network integration: Enables low-cost and fast Bitcoin transactions.
- POS system for businesses: Accept Bitcoin payments and receive settlements in local currency.
- Supports both on-chain and off-chain transactions.
- Integration with AirPak: Allows users to cash out Bitcoin for fiat at over 8,000 locations.
- Cold storage for Bitcoin: Ensures the security of Bitcoin holdings through offline storage.
- Regulatory compliance: Operates as a regulated financial entity.