Industry
Remittances, On and Off-Ramps
Location
Latin America
On and off-ramps
Wallets
About
This is Decaf
Decaf is a non-custodial wallet that allows users to easily send money and designed for seamless entry into decentralized finance, enabling easy on and off-ramps between fiat and crypto in nearly 200 countries.
Challenge
It's hard to use crypto
Decaf is changing that. “The Onchain Effect,” tells the real world story of crypto and blockchain making a positive impact and giving people control of their everyday financial lives. Journey with us to the mountains of San Francisco, Colombia to hear one of those stories. When the lack of traditional financial infrastructure and the dangerous reality of carrying large amounts of cash left an entrepreneur struggling for a solution to meet payroll, Decaf and Stellar stepped in with a solution.
The important thing for us was finding a blockchain that had really good ramps. What does that mean? We want USDC to be able to convert to cash because that’s accessible everywhere. And there is only one blockchain where that’s possible, Stellar.
Rick Martin, Co-founder of Decaf
Empowerment
Meet the women of San Francisco, Colombia
Employed and with the tools to save for the first time, the Decaf app, built on the Stellar network, is changing how they think about the future. Introducing crypto and blockchain technology creates the onchain effect, unlocking the opportunity to save, reinvest, and empower their small village community.
Building Better
Wallets for the Real World
The absence of seamless on and off-ramps and the prevalence of high fees required a reimagining of financial transactions.
The Decaf team’s experiences living in Latin America led them to create a solution to remedy these pain points and redefine how Latin Americans engaged with remittances and payments. A portmanteau of “decentralized” and “café” (or coffee in Spanish), Decaf is a payments platform that places a special emphasis on user experience. Decaf is meant to be so easy and convenient to use that a user could use its virtual non-custodial wallet to send and receive money across borders without paying exorbitant fees, hold Circle's USDC on the Stellar network to protect against inflation, and cash out into local currency when needed, or simply purchase a cup of coffee. On the flip side, a merchant can use Decaf’s point-of-sale system to accept payments in crypto.
By leveraging the Stellar network, Decaf reinforced its commitment to providing a secure and accessible platform for its users. The Stellar network’s reputation for efficiency, fast speeds, and low costs was a natural fit for Decaf's mission. And by integrating with MoneyGram Access™, Decaf enables their retail users to on-ramp their fiat into Circle’s USDC on the Stellar network and off-ramp back out into fiat at any participating MoneyGram location.
Building a wallet is easier than ever
Try Out the Wallet SDK
Building a Stellar-enabled wallet or application is faster and easier than ever. Implement the Wallet SDK to offer innovative payment services powered by the Stellar blockchain’s global network of on and off-ramps.
Results
Results
Addressing a critical challenge, Decaf has given thousands of Latin Americans the ability to navigate effortlessly between crypto and fiat without having to worry about borders, all on the Stellar network.
To Decaf, blockchain represents affordability and accessibility to the financial system for people all over the world. As Decaf continues to build on its current offerings and beyond, its ultimate goal remains the same: to provide financial services previously only found in traditional financial systems to people who can’t even open bank accounts.
$200K
Worth of USDC on the Stellar network off-ramped per week
6
Continents where Decaf users use MoneyGram Access
Contact The Experts
Want to know more?
Contact us today to learn how your business can use the Stellar network to enable frictionless cross-border payment services and how the Stellar Development Foundation can help.
Next Steps
More for you to explore
Wallet SDK
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MoneyGram Access
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