Smilepay: Send Money

Smilepay — Stablecoin-Powered Cross-Border Payments App

Smilepay enables seamless cross-border payments between users abroad and their counterparts in Ethiopia using stablecoins. Diaspora users in the USA can send stablecoins such as PYUSD or USDC from Venmo or Coinbase directly to recipients’ Smilepay wallets in Ethiopia through secure peer-to-peer transfers. Recipients in Ethiopia receive the stablecoins instantly and can off-ramp to local bank accounts, pay bills, top up mobile airtime, or use the funds digitally within the Smilepay ecosystem.

Diaspora users who hold an Ethiopian Fayda ID or Yellow Card can also create an Ethiopia-linked Smilepay account, allowing them to transfer funds to their own wallet for bank transfers, bill payments, and everyday financial needs in Ethiopia.

Key Points

• Send PYUSD or USDC from external wallets (Venmo, Coinbase) to Smilepay • Off-ramp stablecoins or transfer funds to Ethiopian bank accounts • Instant peer-to-peer transfers between diaspora and Ethiopia • Diaspora with Fayda ID or Yellow Card can send funds to their own Ethiopian wallet • Fast, transparent, and cost-efficient cross-border payments • A more reliable alternative to local P2P exchanges