SwiftRemit is a full-stack blockchain-powered cross-border payment platform built to eliminate the high costs and slow settlement times of international money transfers in Africa. Built on the Stellar network, SwiftRemit enables near-instant, low-cost payments using XLM and USDC stablecoins.
# ⚡ SwiftRemit
### Instant Cross-Border Payments for Africa — Powered by Stellar
## Impact Vision
The World Bank estimates that Sub-Saharan Africa remains one of the most expensive regions for remittances.
SwiftRemit aims to reduce these barriers by providing:
- Near-instant settlement
- Significantly lower transaction costs
- Financial accessibility for underserved populations
- Open and transparent payment infrastructure
- Interoperability across borders
Our long-term goal is to become a foundational payment layer connecting individuals, businesses, and institutions across Africa and beyond.
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## 📌 Overview
SwiftRemit is a full-stack blockchain-powered cross-border payment platform built to eliminate the high costs and slow settlement times of international money transfers in Africa.
Built on the **Stellar network**, SwiftRemit enables near-instant, low-cost payments using **XLM and USDC stablecoins** — settling in 3–5 seconds for fractions of a cent per transaction.
Transactions are signed by the user's **Freighter browser wallet** — secret keys never leave the user's device or touch the server.
## Executive Summary
SwiftRemit is a blockchain-powered remittance platform that enables individuals and businesses across Africa to send and receive money globally in seconds using Stellar-powered digital assets.
By leveraging Stellar's low-cost payment rails and Soroban smart contracts, SwiftRemit reduces settlement times from days to seconds while dramatically lowering transaction costs. Users retain full custody of their assets through Freighter wallet integration, ensuring security, transparency, and trust.
Our mission is to make cross-border payments accessible, affordable, and borderless for everyone.
## Why Stellar?
Cross-border payments require an infrastructure that is:
- Fast
- Affordable
- Globally accessible
- Secure
- Developer friendly
Stellar provides all of these capa …