Hurupay, a Ghanaian crypto wallet startup founded in 2023, is taking a bold step in the financial world. The company has launched virtual US dollar accounts powered by stablecoins—cryptocurrencies pegged 1:1 to the US dollar—to provide a reliable alternative to fluctuating local currencies.
Designed for freelancers, remote workers, and businesses, these accounts allow users to receive dollar payments seamlessly without hidden fees. The goal? To protect incomes from currency depreciation and make international transactions smoother.
Philip Mburu, CEO of Hurupay, shared, “We are already available in over 40 countries, including Nigeria, Ghana, South Africa, Tanzania, Philippines and the United States (US).” This global reach positions the platform as a potential game-changer in cross-border payments.
What This Means for Users
With traditional banking systems often imposing high fees and delays on international payments, Hurupay’s model offers an attractive alternative. Users can not only receive payments but also withdraw their funds to crypto exchanges, providing more flexibility in how they access their earnings.
This move highlights the growing role of stablecoins in financial services, especially in emerging markets where local currencies often face volatility. But with regulatory scrutiny around crypto tightening, the question remains: Can Hurupay’s model withstand the test of time?
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