# PAGA Case: Decaf

Decaf Wallet a MSMEs reliable, low-cost digital payment solution enabling cross-border transactions with ease and speed


### PAGA Case: Decaf

Decaf Wallet a MSMEs reliable, low-cost digital payment solution enabling cross-border transactions with ease and speed.


## Description

Decaf Wallet offers MSMEs a reliable, low-cost digital payment solution enabling cross-border transactions with ease and speed. By using blockchain technology, Decaf Wallet eliminates reliance on traditional banking, reducing transaction costs, and enhancing accessibility for underserved businesses.  Decaf Wallet is a non-custodial mobile app running on Solana and Stellar. It is designed for seamless entry into decentralized finance, enabling easy onramps and off-ramps between fiat and crypto in nearly 200 countries.  Decaf stands out by offering intuitive fiat-to-crypto ramps globally, including:Cash ramps with MoneyGramA US routing number (SEPA coming soon)Email login and account recoveryGasless transactionsAdvanced Solana Pay featuresDirect DEX trading and chain swaps with no added feesSupport for tokenized real-world assetsEnhanced security and safety measures for a non-custodial wallet


### Year of introduction

2022


### Territory

Decaf Wallet serves MSMEs in underserved regions, including Latin America, enabling them to engage in the global market.


### Participants

The Wallet is developed by Decaf, using Stellar & Solana blockchains, in collaboration with MoneyGram, and other providers for off-ramping


### Impact

Decaf Wallet, now with 30,000 users, empowers MSMEs to participate in global trade with financial independence. Transaction volume within the wallet is expanding at an impressive 103% month over month, illustrating growing adoption and effectiveness in addressing cross-border transaction needs for underserved businesses.


## Lessons Learned

Addressing interoperability between blockchain and traditional finance.  Partnering with cross-border financial networks and employing blockchain technology ensured seamless, cost-effective MSME transactions across borders. Extracting away the complexities of blockchain to create a user an experience that felt like a traditional Neobanking experience. Remove things like gas fees, paid in blockchain native tokens.  Use stablecoins as a way to show currencies that were familiar for users, and make it feel like a traditional banking experience, while leveraging the advantage of blockchain such as a lack of barriers, speed, and low cost.


## Public Materials

Website - DecafMedium - DecafInstagram - DecafX.com - Documentary on San Francisco, ColombiaYouTube - Description of community transformationTikTok - Description of humanitarian aid benefit


## Submitter

Fernanda Orduña RangelCofounder, Decaffernanda@decaf.so