U.S. / Mexico
Founder + CEO · Saldo
To settle payments, Saldo needed a digital peso. Stellar makes it easy to issue an asset and connect it to existing financial infrastructure.
If you have dollars in hand but need to pay bills denominated in pesos, the cost and hassle of currency conversion is a big obstacle. Stellar allows simultaneous transfer and conversion of currency.
With current remittance platforms, it’s hard to know in advance how much the recipient will actually receive. With Stellar, you can specify that amount, see the transaction happen in real-time, and know immediately that the payment succeeded.
Sending small amounts of money on a monthly basis doesn’t make sense if every transaction incurs a fee. Stellar network fees are near zero.
Monthly payments are a burden if settlement times are slow or worse, unpredictable. Stellar transactions take seconds.