WasabiCard has rolled out a global remittance service that supports more than 30 fiat currencies and targets businesses, fintech platforms, and internet-native companies seeking cross-border payouts and bulk fund distribution. According to ChainCatcher, eligible payment rails can settle in real time or on a T+0 basis. The service uses stablecoins as the funding allocation and settlement layer, linking the traditional banking system with local payment networks. After completing the required KYC or KYB review, users can deposit USDT into a WasabiCard account and use the remittance function to convert the stablecoin into a selected fiat currency, with funds sent in real time to a bank card account under the user’s own name. In corporate treasury management and fund collection scenarios, eligible businesses can also receive payments through a corporate bank account. Companies can initiate payouts to employees, contractors, suppliers, creators, affiliate partners, and platform merchants through a unified management dashboard or API. Core functions include bulk payments, smart routing, transparent exchange rates and fees, payment status tracking, and financial reconciliation.
WasabiCard’s global remittance service now supports more than 30 fiat currencies, providing cross-border payment and bulk fund distribution tools for businesses, fintech platforms, and internet-native companies, according to ChainCatcher.
Eligible payment channels support real-time settlement or T+0 arrival. The service uses stablecoins as the funding allocation and settlement layer, connecting the traditional banking system with local payment networks.
After completing the required KYC/KYB checks, users can deposit USDT into a WasabiCard account and use the global remittance feature to convert USDT into a selected fiat currency, with the funds transferred in real time to a bank card account under the user’s own name.
In corporate treasury management and fund collection use cases, eligible companies can also receive payments through a corporate bank account. Through a unified management dashboard or API, businesses can send payouts to employees, contractors, suppliers, creators, affiliate partners, and platform merchants.
Core functions listed for the service include bulk payments, smart routing, transparent exchange rates and fees, payment status tracking, and financial reconciliation.
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