Societies are becoming increasingly cashless, moving away from card payment dominance. Within the last few years, new instant payment systems have been embraced by billions of people located in emerging countries around the world.
The problem? These systems are disconnected from each other and regions are fragmented: people in Latin America can't use the same payment system while traveling, and something similar is happening in Southeast Asia, where every country has their own payment system.
In an era where people are traveling more and digital nomads are settling in new lands, new financial frontiers should be crossed. That's why we are building Abroad: we allow foreigners to pay as locals when navigating across a country where cash is almost disappearing and cards are not accepted. Using digital dollars as settlement currency, we focus on speed and global acceptance.
Abroad provides the infrastructure required for interoperability between decentralized wallets and instant payment systems worldwide (i.e., e-wallets). With Abroad's technology, users can avoid currency exchange fees, ATM charges, and being rejected from paying with cards.
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