Zepz Launches Solana Wallet for Global Remittances

Zepz, the company behind prominent digital remittance services WorldRemit and Sendwave, has announced the launch of a new cryptocurrency wallet built on the Solana blockchain . This move signifies a significant expansion of Zepz’s services, venturing beyond traditional money transfers into the digital asset space.

The newly introduced Sendwave Wallet aims to provide users across more than 100 countries with access to cross-border payment solutions utilizing stablecoins. This development was detailed in a recent press release, highlighting Zepz’s commitment to innovation in the global remittance market.

Empowering Global Transactions with USDC

The Sendwave Wallet will enable users to seamlessly send, store, and spend USD Coin (USDC) directly on the Solana network. For Zepz, a company that handles over $15 billion in annual remittance volume, this integration represents a strategic step to broaden its offerings and appeal to a wider user base.

“By making USDC central to the Sendwave Wallet, customers gain a secure way to hold value, send near-instantly, and spend with confidence in their daily lives. This is about putting the benefits of trusted digital dollars directly into the hands of communities, helping them plan, save, and build financial resilience,” said Kash Razzaghi, chief commercial officer at Circle.

This initiative is further supported by Zepz’s earlier partnership with Circle, the issuer of USDC. This collaboration, established in July, specifically focused on integrating stablecoin payments into everyday use cases, reinforcing the company’s strategic direction.

Leveraging Solana for Speed and Transparency

Zepz is capitalizing on the inherent advantages of the Solana blockchain, specifically its network speed and transparency. By building the Sendwave Wallet on Solana, the company aims to enhance financial empowerment within the global remittances sector.

The wallet is designed with everyday usability in mind, aiming to simplify the process of sending money to be as straightforward as sending a message. This user-centric approach is crucial for fostering adoption in diverse markets.

💡 Through collaborations with local partners, Sendwave Wallet will facilitate the direct withdrawal of USDC into local fiat currencies. Zepz has also outlined plans for future expansions, which will include the integration of payment card and QR code support. These additions will enable customers to utilize their digital balances for real-world payments.

⚡ The launch of the Sendwave Wallet coincides with a period of increasing stablecoin adoption globally. Regulatory clarity is also emerging, providing a more stable environment for consumer protection and fostering innovation in the financial technology sector. The Solana blockchain, in particular, has experienced steady growth in its stablecoin supply, which now exceeds $17.48 billion.

“Zepz’s vision to make global transfers into a reality defined by unparalleled speed, unwavering security, and universal affordability can uniquely take place on Solana,” said Lily Liu, president of Solana Foundation.

This strategic move by Zepz follows its earlier partnership with Circle in July, which focused on integrating USDC for backend settlement. That collaboration was aimed at improving liquidity management and reducing overall settlement times for the company’s remittance services.

Final Thoughts

Zepz’s introduction of the Sendwave Wallet on Solana marks a significant stride in leveraging stablecoins for international remittances. By combining the strengths of USDC and the Solana network, the company is poised to offer a faster, more accessible, and potentially more affordable solution for users worldwide.