Stablecoin story: Tekanos

Use Case: Freelancer and Contractor Payouts in Stablecoins

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Takenos serves Latin America-based freelancers and contractors who work for international companies. Takenos allows freelancers in Latin America to receive their income in digital dollars quickly, cheaply, and without significant hassle. 

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Their product is particularly valuable for workers in countries such as Argentina, where the local currency has undergone steep devaluation.

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How the App Works

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Takenos allows freelancers to receive payouts via their app from employers outside their home country and businesses to employ freelancers in Latin America without adding complexity to their payment process. 

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Freelancers first create an account in the country where their employer is based on Takenos. 

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Businesses then send payments to Takenos via wire, ACH, SWIFT, SEPA, or Pix. Takenos converts those payments from fiat into stablecoins and transfers the stablecoins to the individual user accounts. 

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Freelancers can then withdraw those funds instantly to their local bank account for a small fee, or they can get a virtual debit card and use that to make purchases all over the world.

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This ensures freelancers are able to receive payouts quickly and also ultimately cash out those stablecoins into local currency conveniently.

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How Takenos is partnering with Portal

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Takenos is offering self-custodial wallets, powered by Portal, to their thousands of users so they can send and receive stablecoins. Providing a seamless, secure, and seed-phraseless experience with the ability to issue cards was paramount in Takenos’ decision to partner with Portal. 

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• 20,000 users by early 2024

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