Bingtellar has been awarded an Activation Grant from the Stellar Community Fund to enhance its global payments infrastructure on the Stellar network, targeting cross-border payments in Africa. The grant supports expanding features, stablecoin utility, and connecting underserved Africans to the global economy. Bingtellar leverages Stellar's blockchain for fast, low-cost remittances, akin to 'TransferWise on Web3'.
Bingtellar announced receiving an Activation Award grant from the Stellar Community Fund (SCF 26), enabling further development of its blockchain-based payments platform on the Stellar network. The company addresses cross-border payment challenges in Africa, where high fees (7-20%) and slow processing (3-7 days) affect 66% of underserved populations, including remote workers and traders. By building on Stellar, Bingtellar offers efficient, affordable transfers, growing from zero to thousands of users and processing millions in volume. Future plans include new integrations, stablecoin utilities, XLM offerings, and partnerships to expand access. The mission aligns with Stellar's focus on sustainable, scalable payments for financial inclusion.