Description
Fonbnk is a financial technology company providing a stablecoin settlement layer for global commerce, specifically targeting mobile-first, cash-based economies in regions like the Global South. By converting prepaid mobile payments into stablecoins, Fonbnk facilitates frictionless foreign exchange (FX), cross-border treasury flows, and instant, chargeback-free global settlements, aiming to reduce fraud and FX costs. The company offers a suite of products for businesses, including the Fonbnk Pay Widget for secure crypto on-ramp and off-ramp transactions, a merchant dashboard, a customizable API, and webhooks. This P2P platform supports various integration methods and operates across numerous blockchain networks like Base, Polygon, Stellar, Solana, and Ethereum, providing a simpler and more efficient alternative to traditional payment rails.