Description
ZAR enables users to exchange cash for digital dollars and vice-versa through a network of local, screened, and verified agents. The process involves finding a nearby merchant, scanning a QR code, handing over cash, and receiving dollars instantly in the ZAR wallet. Transactions are instant once the agent confirms receipt of cash, with a 1% fee on both buying and selling. The daily transaction limit is $1,000 but can be increased with further verification. The service provides a ZAR Card (virtual and physical) that works with Visa, Apple Pay, and Google Pay, allowing users to spend in USD and avoid foreign transaction fees, thus protecting funds from local currency fluctuations. Users can also become ZAR agents to earn income. Additionally, ZAR Wallet runs an ambassador program that rewards users with digital dollars, an exclusive Golden Metal Card, and merchandise for expanding the community and agent network by inviting 5 friends and completing 5 transfers with different people.