$150 trillion moves across borders every year on Swift, a 50-year-old payment system. Even payments between two African countries still routes through New York or London. That's not infrastructure, that's extraction. Stable coins changed everything. Today, Payest is building a decentralized payment routing protocol where local liquidity providers can compete to settle crossber payments instant, secure, and low cost.
Here's what we believe. We believe the future of crossber payments would be trustless, where no middleman and transaction fees will go from 6% to under 0.1%. Hi, I'm Chibi. I spent the last three years at Consensus and Gitcoin building critical infrastructure to help distribute $50 million in public goods funding.
My co-founder Francis built high throughput AI and payments cloud infrastructure at HP. We are building the payment infrastructure of the global south. In the last 8 months, we've tested this across four African countries, $1.6 $6 million in process volumes, 28 businesses with 300 plus on the weight list. We have payout coverage in 57 countries.
We settled 19,000 payments. If you believe the future of finance is multipolar, let's talk. Thank you.
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