Industry
Fintech
Size of Company
2-10
Products & features used
SDK

How Qash Empowers Colombians with Dollar Banking Using Portal

Brings financial stability and global access to Colombia through stablecoins

December 16, 2024

Industry
Fintech
Size of Company
2-10
Products & features used
SDK

In Colombia, where a fluctuating local currency often challenges financial stability, Qash offers the stability of the US dollar. By integrating Portal’s SDKs, Qash allows Colombians to open dollar bank accounts, allowing them to save, invest, and spend USD with ease and confidence.

Bridging the Gap Between Pesos and Dollars

Qash’s mission is to provide financial security and global access to Colombians through innovative banking solutions. Using Portal’s wallet-as-a-service platform, Qash recently introduced a self-custodial stablecoin wallet linked to USDC, allowing users to control their own financial future and remove risks inherent in holding the unstable peso Qash’s approach offers several advantages to traditional banking in Colombia:

  • Secure Savings: Users gain access to dollar accounts, providing peace of mind and a hedge against local currency volatility
  • Global Spending Power: With the Visa Qash card, users can make purchases in dollars across more than 180 countries without worrying about currency conversions or hidden fees
  • Forward-looking Investment: Dollarized assets enable users to invest in their future with a more stable financial foundation

Why Portal?

Portal’s robust SDK made it seamless for Qash to integrate self-custodial wallet functionality into its platform. With Portal’s technology, Qash was able to prioritize security and user autonomy, ensuring customers retain full control of their funds while enjoying the benefits of a stable and globally recognized currency.

The Future of Financial Stability in Colombia

Qash is more than a financial app; it’s a gateway to stability and growth for Colombians navigating economic uncertainty. By tapping into Portal’s stablecoin wallet infrastructure, Qash is delivering on its promise to make financial services accessible, secure, and empowering. Learn more at Qash.ai.

Qash recently announced their fundraise, which you can read more about here.