The Flip App is a non-custodial cryptocurrency wallet that allows users to send and receive funds globally using just a phone number, while generating unique private keys for enhanced security. Flip for Business offers a blockchain-based payment platform that enables companies to efficiently pay freelancers in USDT, significantly reducing transaction costs and processing times.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses face high costs and slow processing times when making international payments to freelancers, especially when using traditional banking systems. Existing cryptocurrency solutions often require users to navigate complex KYC processes and manage their own private keys, creating friction and security concerns.
Solution
Flip offers a non-custodial cryptocurrency wallet and blockchain-based payment platform designed to streamline global payments to freelancers. The Flip App allows users to send and receive funds using just a phone number, while Flip for Business enables companies to efficiently pay freelancers in USDT with reduced transaction costs and near-instant processing. By partnering with licensed entities, Flip ensures compliance with local regulations while providing a user-friendly interface and secure transactions.
Target Audience
The primary target audience includes businesses that regularly pay international freelancers and individuals seeking a simple, secure way to send and receive cryptocurrency globally.
Features
- Non-custodial wallet with unique private key generation for enhanced security
- Payments processed in USDT for stable and efficient transactions
- Bulk payment feature for paying multiple freelancers in one transaction
- Integration with local, licensed partners to ensure regulatory compliance
- User-friendly interface requiring only the recipient's phone number for payments
- Ability to convert local currency to crypto via trusted partners
- No KYC required for transfers within the Flip App
- Option to fund wallet using credit card or transfers from other wallets/exchanges