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ZAR

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ZAR is a digital financial platform designed as a “borderless USD wallet,” allowing users to save and spend U.S. dollars globally without the constraints of traditional banking systems.

Funding Round: $500,000

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Registration year2024

What is ZAR

Accelerating stablecoin adoption for the next billion users living in countries with unstable money.

Key Features:

  • Cash-to-Digital Exchange: Users can buy or sell digital dollars by meeting with local ZAR agents, who facilitate the conversion of physical cash into a digital USD balance (and vice versa). Transactions are real-time, with funds instantly available in your ZAR wallet once the agent confirms the exchange.
    • Visa Debit Card: ZAR offers a debit card usable anywhere Visa is accepted, linking your digital dollar balance to everyday spending.
    • No Traditional Banking Needed: It’s pitched as an alternative for people who don’t have or don’t want to rely on conventional bank accounts.
    • Flexible Limits: Default daily exchange limit is $1,000 (for both buying and selling), with no minimum amount. Higher limits are available with additional verification.
    • Fees: A 1% platform fee applies to both buying and selling dollars, which supports security, customer service, and network expansion.

    Funding Details

    Funds Raised (as of now) 500,000 USD

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