Ghanaian fintech startup Hurupay has launched the first stablecoin-based virtual US dollar accounts for freelancers and remote workers in Africa.
Founded in 2023, Hurupay is a crypto wallet that enables users to access stablecoins, which are non-volatile cryptocurrencies pegged to the value of the US dollar at a ratio of 1:1. The platform is designed to help SMEs and individuals mitigate the negative impacts of depreciating local currencies against the dollar on their income and growth, by providing a more stable and reliable payment method.
Aimed at freelancers, remote workers, and businesses, its new virtual US dollar accounts allow users to receive US dollar payments seamlessly, with no hidden fees, and they can also withdraw funds to crypto exchanges. It also has global reach.
“We are already available in over 40 countries, including Nigeria, Ghana, South Africa, Tanzania, Philippines and the United States (US),” said CEO Philip Mburu.
