Due Network Launches Borderless Accounts and Cross-Border Payments in Nigeria
Due Network, the cutting-edge fintech startup, is set to redefine international payments with its upcoming global payments platform launch in Nigeria.
Offering borderless multi-currency accounts, Due ensures seamless international money movements for both businesses and individuals.
Expansion Plans
The initial launch, scheduled for later this month, will focus on priority corridors, including Sub-Saharan Africa, the UK, EEA, and the US. Expansion into Latin America (e.g., Mexico, Brazil) and Asia-Pacific (e.g., Hong Kong, Singapore) is planned for Q1 ’24.
Technology and Control
Due utilizes decentralized ledger protocols, allowing Nigerian clients to hold digital US Dollars and Euros with Naira. Notably, all Due accounts are fully non-custodial, providing users with complete control and custody over their funds.
Efficiency and Cost Savings
Due addresses the inefficiencies in the global payments ecosystem, offering lower costs and faster settlement times. As an example, a Nigerian company can use NGN via NIP to pay European vendors in EUR via SEPA instantly and at minimal costs.
Waitlist and Funding
The waitlist for priority access is now live. Due recently secured a $3.3 million Seed round to enhance technology and expand fiat currency connectivity. The company is actively working to integrate digitized Real World Assets, such as tokenized US Treasuries.
Global Team and Vision
Founded in 2022 and headquartered in London, Due boasts a global team with expertise from renowned companies like Revolut, Uber, Binance, and Bolt. The vision is to transform the global economy into a future where money is truly global, permissionless, and inclusive.
About Due Network
Established in 2022, Due is a London-based fintech startup reshaping international payments through stablecoins and blockchain technology. The platform offers multi-currency accounts, global transfers/remittances, and merchant acquiring, all built on decentralized networks for accessible, fast, and cost-effective international money movements.
For more information, visit opendue.com | Twitter | LinkedIn
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