Sabitlenmiş Tweet
In 2017, I tried to build what @WesternUnion wouldn’t: a stablecoin-based remittance protocol.
I was a young investment banker in Hong Kong, watching cleaning ladies from the Philippines, Indonesia,and other APAC countries pay 10-15, sometimes 20% fees to send money home, even though the UN capped remittance fees at 3%.
Western Union and others like MoneyGram ignored it. They made tens of billions off the poorest.
What’s always made me angry is how multi-billion-dollar corporations built their empires on the backs of the poorest people in the world.
Tens of billions in profit every year, not from luxury, not from speculation, but from remittances.
From the sweat of migrant workers sending $100 home so their families can eat.
I was born and raised in Africa. I’ve seen it my whole life.
The global South pays the highest price so the global North can take a fee.
It’s one of the most normalized injustices of our time.
Long story short, I tried to build a WU killer and I failed. Too early? Wrong timing maybe, regulators in Europe (AMF, BaFin) shut us down before we could raise.
But today… Western Union just announced it’s building on @solana!
The world’s most powerful permissionless blockchain, fast, cheap, and decentralized, exactly what I dreamed of eight years ago.
Funny how the disruptors became the disrupted.
Feels like a full circle moment.
The mission didn’t die, it just found a better chain.
Only Possible On Solana 💜
Bonus:
Here’s a relic from 2017, a young man who thought stablecoins could beat Western Union.
Turns out, he was right. Just eight years too early.
Solana@solana
It's official: @WesternUnion, the world's largest money transfer business, is building exclusively on Solana. 🔥
English
