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.

Team members
We currently don't have any public team members for
WiCoin Crossborder
Related Articles
We currently don't have any published resources on
WiCoin Crossborder
Related Projects
Qyuki

Qyuki is a data-driven digital media company based in India that is dedicated to empowering the country's creator economy. It was co-founded by industry leaders including musician A.R. Rahman, Qyuki functions as a full-service network for digital artists and influencers. The company’s core mission is to discover, nurture, and manage a diverse roster of talent, providing them with the strategic support needed to grow their audience and brand. This includes services such as content production, digital rights management, and audience development, all informed by sophisticated data analytics to optimize reach and engagement across various social media platforms.

A key part of Qyuki’s service is creating monetization opportunities for its creators through brand partnerships, endorsements, and sponsored content. The company acts as a vital bridge between India’s top brands and its vast network of digital talent.

Qyuki is partnered with the HBAR Foundation and features a Web3 platform on the Hedera network called the "Qyuki Vibe." This initiative enables creators to launch their own NFTs and other digital assets, creating new avenues for artists to monetize their work, engage directly with their fanbase, and manage royalties with greater transparency.

Venly

Venly is a blockchain technology provider that creates tools and services to help businesses and developers integrate Web3 functionality into their applications. Headquartered in Belgium, the company's mission is to make blockchain technology accessible to everyone by providing user-friendly and scalable solutions.

Its offerings include a Wallet-as-a-Service that allows for easy integration of secure, custodial wallets into any application, complete with social logins to simplify user onboarding. Venly also provides an NFT API for minting and managing digital assets, and an NFT Marketplace solution that can be integrated into any platform. These services are designed to be blockchain-agnostic, providing a high degree of flexibility for developers.

Venly has a direct integration with the Hedera network, offering its full suite of tools and services to developers building on Hedera. This partnership, supported by the HederaHBAR Foundation, allows for the seamless creation of wallets, as well as the minting and trading of NFTs on the Hedera network using Venly's tools.

WiseSAT

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.

WISeSat operates a growing constellation of low Earth orbit (LEO) nanosatellites. These satellites are designed to create a secure and resilient network for IoT devices, especially in remote or underserved areas. A key feature of WISeSat's service is its emphasis on security, incorporating advanced encryption and digital identity solutions from its parent company, WISeKey, and its affiliate, SEALSQ. This includes the integration of post-quantum cryptography to protect against future cyber threats, ensuring data integrity and confidentiality for its clients. The company offers its satellite capabilities in a "Satellite-as-a-Service" (SaaS) model, allowing clients to leverage the infrastructure for their specific needs.

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.

Citadel Wallet

Citadel Wallet is a specialized hardware wallet designed to offer robust security and a seamless user experience for individuals interacting with the Hedera Hashgraph network. Its development was supported by HeadStarter's Builder Labs. 

It features a full suite of secure storage options focused on providing secure storage and transaction capabilities for Hedera's native cryptocurrency, HBAR, as well as Hedera Token Service (HTS) tokens and non-fungible tokens (NFTs). 

The Citadel Wallet device emphasizes high-grade security, incorporating features such as Common Criterial Evaluation Assurance Level 6+ (EAL8+) certified Secure Element and a secure microprocessor featuring Trust Zone technology to protect users' private keys offline. 

Citadel Wallet is engineered to support the full spectrum of Hedera network services, including native staking, interaction with smart contracts, and management of various Hedera-based assets. It also features a user-friendly interface and offers both USB-C and secure Bluetooth connectivity for flexible interaction with companion applications and decentralized applications (DApps) within the Hedera ecosystem.