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LINK

@Link_IO

Real-time FX Infrastructure. Creators of @usewavyxyz @ngnc_mc #RWA Built on @stellarorg x @solana @base

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linkio.world
Joined January 2021
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Photo by LINK (@Link_IO)Photo by LINK (@Link_IO)Photo by LINK (@Link_IO)Photo by LINK (@Link_IO)Photo by LINK (@Link_IO)Photo by LINK (@Link_IO)Photo by LINK (@Link_IO)Photo by LINK (@Link_IO)Photo by LINK (@Link_IO)Photo by LINK (@Link_IO)
It's the Weekend, and you want to send payouts/FX or an on/off ramp, we've got you covered, here's how - Sending a C$10,000 payout to Brazil and vice versa #usdc #brl #xbp #crossborder #payments #payouts #brla Made possible with #stablecoins (1/4)
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[1/9] Kenya found a way to buy fuel without paying for it immediately. In 2023 it was scrambling for dollars to cover fuel imports, with roughly $500M needed every month. Here鈥檚 how it got around that. 馃У
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[2/9] Six months gave Kenya time to find the dollars. Importers didn鈥檛 need hundreds of millions on day one. They sold the fuel locally and used the window to line up repayment.
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We're in Lagos at Moonshot by @TechCabal today and tomorrow. Our CTO/Co-founder @TommLesh is on the ground at the National Theatre. Come talk cross-border payments, stablecoins, and how to pay suppliers without losing days or margin. Oct 28-29. Say hi.
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1/ The steel is ready. The dollars aren鈥檛. 馃У A Maputo importer orders from South Africa and the invoice is due in dollars. Getting them through the bank can take weeks.
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2/ So the importer has two options: wait, or buy dollars on the unofficial market and pay more. Meanwhile, port charges keep climbing.
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1/ In March, Mozambique repaid $696M to the IMF, ahead of schedule. Six months later, it鈥檚 asking for help again. 馃У
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2/ Paying early took a big chunk of the country鈥檚 dollar reserves with it. Strength or mistake? Depends who you ask.
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1/ The Gulf shipped almost $6B of goods into just five African markets last year. 馃У
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2/ Kenya took $2.8B. Nigeria, $1.5B. Mauritius, Mozambique and Malawi made up the rest.
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1/ Collecting kwacha in Malawi is the easy part. Getting it out is a different story. 馃У
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2/ Cards. Mobile money. Bank transfers. Local fintechs have spent years making it simple to take money in.
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1/ Africa is buying billions from China. Every year. South Africa: $22B Egypt: $15B Nigeria: $13B, up 37%. 馃У
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2/ Behind every one of those numbers are thousands of African businesses sourcing real goods.
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1/ A dollar in Burundi has two prices. 馃У
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2/ The IMF says the parallel market premium sits close to 100% down from a peak of 160% in 2024.
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1/ Malawi's biggest source of dollars came in $218M short. 馃У
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2/ Tobacco brings in about half of Malawi's foreign currency. Last year: $500M. This year: $282M. A 46% drop.
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1/ Mozambican businesses are owed $373M. The money exists. Getting it is the problem. 馃У
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2/ The cost of not getting dollars: 500+ companies closed. ~15,000 jobs lost. Businesses that couldn't get FX saw their ability to import fall by 40%.
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1/ Ghana bought $4.5B of goods from China last year.馃У
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2/ China is now the single largest source of everything Ghana imports, 22.7% of all imports into the country.
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1/ 88.2% of Malawian businesses say the same thing is holding them back. Last year it was 74%. 馃У
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2/ When nearly 9 out of 10 companies hit the same wall, that's not a shortage. That's the operating system failing.
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1/ In Malawi, dollars are hard to get. Not because the payment system is broken. Because of what comes first. 馃У
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2/ Your invoice can be fully paid in kwacha from a local account in Lilongwe. That part isn't the problem. Turning that kwacha into USD in your account? That can take months.
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1/ Every fintech expanding into Africa hits the same wall. The opportunity is obvious. What comes next usually isn't. 馃У
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2/ Moving money across African markets takes more than an integration: compliance frameworks that differ by country, payment partners who can settle instantly, systems that can handle real volume.
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1/ You have kwanza. Your supplier is in Brazil. Here are the three ways to actually pay them and what each one really costs. 馃У
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2/ Option 1: your local bank. Reliable, trackable, universally accepted. Also: Angolan importers wait up to 3 months for FX allocation. Your supplier isn't shipping until funds land.
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Africa has a free trade agreement. Payments still route through New York. 馃У
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2/ A South African business paying a supplier in Malawi? The money doesn't go there directly. It detours through correspondent banks and the US dollar first.
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To pay a Chinese supplier, a company in Central Africa converts its money three times. Three conversions. One payment. Still not there. 馃У
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Six countries: Cameroon, Chad, Congo, Gabon, Equatorial Guinea, CAR, share one currency, pegged to the euro. (2/7)
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Angola is one of Africa's largest oil exporters. You'd think dollars are the one thing businesses there never worry about. 馃У
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2/ Wrong assumption. Exporting billions in oil doesn't mean dollars are sitting around waiting for you.
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You send NGN. Your supplier receives USD. That's the whole process. No FX desk, no multi-day conversion, no chasing your bank for updates. Get Started: linkio.world/get-started
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