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There are more than 300 million unbanked in Sub-Saharan Africa. What this means is that when their relatives in the United States sent them money, it cost them more money to receive it. Due to several factors, the Sub-Saharan African corridor is one of the most expensive regions in the world to send remittances to. Lack of access to basic banking
services often a delay for the recipient to access the funds sent to them. And when they finally do access the funds, it value had reduced.
KrillPay is solving this problem with a mobile payment application that leverages blockchain technology to facilitate peer-to-peer and cross-border instant money transfers. An end-to-end delivery of funds between the send and receiver. The way it works is that a KrillPay user in the US can send cross-border instant money transfer to another KrillPay user in Africa.
