Topic: MoneySwitch Protocol | Launching soon | Earn yield by lending Stablecoins

[cryptosp]

MoneySwitch



MoneySwitch Protocol | Launching soon | Earn yield by lending Stablecoins to Cross Border Payment Providers |
| Cross Border Finance | International remittances | DeFi |

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What does the protocol do?

International/cross-border payments exceed $150 trillion annually.

Cross Border Payment providers such as Western Union require liquidity to operate.

Using DeFi, MoneySwitch connects such cross-border payment providers with lenders to instantaneously provide the right liquidity at the right place, at the right time. This saves significant opportunity costs of locked-up capital for payment providers.

MoneySwitch connects retail lenders to the multi-trillion dollar cross-border payments industry, which was previously accessible to only big banks and FIs

What stage is the project in?

The project is still in its early stages. They have already closed a pre-seed led by Decentralized, FRAX, DeeMoney & PIF VC at a $35 mn valuation.

Airdrops are live on Twitter and Discord. The project has already existing partnerships for providing liquidity and the loan demand, therefore it starts generating interest from day 1.


Blockchain - Ethereum

Governance Token - MoneySwitch Token (MST)

Token Type - Deflationary

Supporting Crypto Assets - FRAX, USDT, USDC

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Website: https://join.moneyswitch.io/

Telegram: https://t.me/moneyswitch

Twitter: https://twitter.com/Moneyswitch_io

Discord: https://discord.gg/7k3xZ9bRvG

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