AlfredPay, a USDC-based payments platform, launches a direct-to-bank transfer service and hybrid wallet for LATAM markets, starting with Dominican Republic operations and expanding to Brazil, Chile, Argentina, Mexico, and Colombia by year-end.
AlfredPay presented two core products built on Stellar's payment rails targeting LATAM markets. Their direct-to-bank transfer platform (alfredpay.io) enables seamless USD to local currency transfers via Plaid or card integration, currently live in Dominican Republic with expansion planned to Brazil, Chile, Argentina, Mexico, and Colombia by end of year. The AlfredPay wallet, launching November 1st, is a hybrid custodial/non-custodial solution offering borderless cash app functionality. Off-ramp options include 900+ brick-and-mortar locations, 800+ ATMs, MoneyGram integration, and door-to-door cash delivery within two hours. The company partners with WIRE, Circle (USDC), and MoneyGram Access, with recent hire Karen Lithgow (ex-Western Union CMO) leading growth and brand strategy in Dominican Republic.