Vesseo, a mobile wallet for the unbanked, launched 'Send to Phone' using Stellar's SEP-30 protocol. Users can send USDC to non-Vesseo users via phone number with zero fees and instant settlement, enabling remittances without bank accounts.
Vesseo has implemented a 'Send to Phone' feature that allows users to send USDC to friends and family who aren't yet Vesseo users by simply providing a phone number. The feature costs zero fees and settles within seconds, with recipients able to cash out at MoneyGram locations. Built using Stellar's SEP-30 multi-party recovery protocol, the feature creates a temporary account controlled by both sender and receiver, enabling international remittances for the unbanked. The blog post provides technical implementation details and code examples for developers building similar features on Stellar.
