You can request and send money to any email or phone number in the world. When you pay friends and family abroad, they can have the money in seconds instead of waiting for days.
We make instant global payments possible by using US dollar-backed stablecoins that can be cashed out in the recipients local currency. Stablecoins are cryptocurrencies where the value is pegged to a national currency, in this case the US dollar.
We use USD Coin (USDC) on the Polygon Network. It is the most trusted stablecoin and is 100% backed by real dollars. It is audited every month by a top-five US accounting firm. The current USDC supply is over $50B, and you can always exchange 1 USDC for 1 USD directly to your bank account (in supported countries).
Or at many exchanges worldwide such as Coinbase, Circle, Binance, Kraken, Bitso, Ripio and more.
Paymobil is a user-friendly USDC-wallet where you can hold your money securely and don’t worry about losing your private key. It’s the first wallet that is easier to use than legacy p2p services. You don’t have to care that it is built with crypto technology under the hood.
A private key to your wallet is created on your phone when you sign up. It is encrypted and saved in your Keychain where sensitive information is kept safe. Only you have access to your funds, we never see your private key. If you use iCloud Keychain, you never have to worry about loosing your private key if you loose your phone. Just install Paymobil on a new iPhone and you are ready to go.