How is Fiatsend Different from Traditional Mobile Money?
While Fiatsend works seamlessly with existing mobile money networks, it offers several important advantages:
Feature | Traditional Mobile Money | Fiatsend |
Traceability | Limited visibility into transaction status | Full blockchain transparency — every transaction is traceable |
Interoperability | Siloed networks (e.g., MTN to Vodafone can be difficult) | Interoperable settlement across all major networks |
Account System | Account tied to SIM/provider | Phone-number-based account via MobileNumber NFT |
Payout Speed | Can take hours or fail | Instant payouts to mobile money wallets |
Fees | High fees, especially cross-border | Up to 90% savings vs. traditional methods |
Failed Transactions | May debit your account even when failed | Failed transactions never debit your account |
Programmability | Limited automation options | Fully programmable payments via API |
Currency Options | Local currency only | Hold USDC (digital dollars) and GHS in one wallet |
The Fiatsend Promise
At Fiatsend, we believe that digital payments should just work. That means instant delivery, transparent fees, full traceability, and the assurance that if something goes wrong, your money is always safe.