We’re building regulated Stellar Anchors in South Africa and Mauritius.
Transferring money back home, from South Africa, is extremely expensive. At an average cost of over 13% on a $55 payment.
With the DMC App you can cut those fees to only 2%. So more of your hard earned money gets to those who need it the most.
The DMC App leverages the Stellar Network and will shortly be operating a South African Rand (ZAR) Anchor and an offshore Anchor in Mauritius.
An Anchor is an entity people trust to hold their deposits and issue credits. These credits or Crypto Assets are instantly transferrable to anyone on the network, anywhere in the world. Perfect money to send home.