
WiCoin Crossborder
WiCoin is a stablecoin launched by WiPay, a financial technology company with offices in Africa, the Caribbean, Columbia, and the US. It was launched to address the challenges of cross-border remittance and financial exclusion in its operational regions. It was built on the Hedera network utilizing the Hedera Token Service (HTS) and Hedera Smart Contract Service (HSCS) and is pegged to the US dollar.
It forms the backbone of the WiCoin Settlement Network, designed to create a unified system for transactions across numerous Caribbean islands, each with its own currency. It also extends into African markets and currencies.
The primary goal of WiCoin is to "bank the bankless" by providing an accessible and efficient means for cross-border payments and settlements by leveraging Hedera's fast transaction speeds, low and predictable fees, and robust security through its asynchronous byzantine fault tolerance (ABFT).
WiPay is supported by the Hedera HBAR foundation and seeks to enhance financial inclusion and streamline economic activity in underserved regions by providing a locally-accessible bridge between traditional banking services and low-cost, speedy digital transactions.
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WISeSat is a subsidiary of the global cybersecurity and IoT company WISeKey. It operates as a Swiss-based firm dedicated to providing secure satellite communications for the Internet of Things (IoT). The company's mission is to offer cost-effective, sovereign, and secure global connectivity for a wide range of applications, from smart agriculture and logistics to defense and national security.
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WISeSat utilizes the Hedera network to enable secure and transparent machine-to-machine (M2M) transactions directly from its satellites. This is facilitated through the SEALCOIN platform, which uses Hedera's distributed ledger technology (DLT) for the secure exchange of tokens between IoT devices.

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