Zepz Launches USDC-Powered Sendwave Wallet on Solana Blockchain

According to Zepz, the Sendwave Wallet will leverage USDC on Solana to enable stablecoin-based cross-border payments for users in more than 100 countries.

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Summary

In an official press release, Zepz—operator of WorldRemit and Sendwave—announced the launch of the Sendwave Wallet, a crypto wallet built on the Solana blockchain and powered by USDC. The wallet aims to provide cross-border payment capabilities using stablecoins to users across over 100 countries. Zepz processes approximately $15 billion in annual remittance volume, and the new product extends its digital financial services into the blockchain-based payment space.

Terms & Concepts
  • USDC: A U.S. dollar–pegged stablecoin that maintains a 1:1 value with the U.S. dollar, used for fast, low-cost digital payments.
  • Solana: A high-performance blockchain network known for low-cost, fast transactions, often used in decentralized finance and payment applications.
  • Stablecoin: A type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as a fiat currency.