How to send money to Uganda - using USDC (Stellar Network) on Bingtellar - faster than boarding a flight.

Cross-border payments are now essential for running a business and keeping in touch with loved ones globally. However, sending money across African borders faces challenges due currency restrictions and fragmentation. This also affects the possibility of sending money from global corridors to Uganda and even from other African countries.?

As the economy of Uganda continues to grow, the need for a reliable remittance service provider becomes paramount. So, if you're looking for a secure, cost-effective, and convenient way to send money to Uganda for personal or commercial reasons, look no further. In this article, we will explore how Bingtellar provides a solution to get around these obstacles by offering a simplified approach to cross-border transactions and walk you through a step-by-step guide on how to send money in minutes to Uganda.

“Pause: Did I hear you say Bingtellar? What is it about? “

Bingtellar is a global payment product that is increasingly trusted and used by thousands of Africans for digital assets conversion to fiat and for sending money across Africa.?

Bingtellar is dedicated to overcoming the challenges associated with cross-border payments in Africa by offering an affordable, accessible, and convenient solution. Our platform facilitates instant and secure money transfers, including transactions anywhere in the world to anyone in Uganda.

Why Bingtellar Is The Best Alternative To Send Money Locally and Across Africa

Bingtellar makes it easy to process both local and cross-border payments. Here’s why Bingtellar is considered a trusted platform for sending money to Uganda:

1. Affordable Fees:

In 2019, the average?cost of cross-border transfers to Africa stood at 8.9%, surpassing the global average of 6.8%. This expense places a considerable burden on families and small enterprises dependent on these funds, hindering their financial stability.?

Bingtellar stands out with its exceptionally low fees, charging between $0.20 to $1 for any amount sent.? This rate is significantly below the average cost of remittances in Africa, ensuring users enjoy cost-effective money transfers. Additionally, competitive exchange rates are provided, maximizing the value of each transaction.

2. Accessibility

Bingtellar is accessible to anyone in all supported countries, bridging geographical gaps and enabling even those in remote areas to send and receive money effortlessly. You can make transactions in local currencies and even Stablecoins (USDC, USDT, CUSD), eliminating the need for currency conversions and further reducing overall transaction costs.?

3 Robust Security Measures

Committed to compliance with relevant regulations, Bingtellar prioritizes user security. Stringent security measures are in place to safeguard both user data and funds, ensuring a trustworthy and secure environment for cross-border transactions. Additionally, you enjoy 24/7 customer service agents, providing peace of mind when sending and receiving money.

How to send money to Uganda using USDC (Stellar Network) on Bingtellar while recipient gets shillings instantly

1. Visit www.bingtellar.com?

2. Choose USDC as Sending currency and UGX as receiving currency?

3. Choose Mobile money OR Bank account as delivery method?

4. Enter the details of your transfer. i.e. The amount you want to send and the bank or MoMo details of your recipient.

?5. Next, you’ll be shown the crypto and UGX equivalent of the amount you want to transfer as well as a USDC address.

?6. Go to your external wallet or exchange where you currently store your USDC asset (or purchase the USDC amount and send to your unique Bingtellar wallet address. We’ll show you how to do this in the next steps.

Example, If you use Revolut as your preferred external wallet - Here’s How To Buy USDC On Revolut:

?1. Download/Open the Revolut app and select the ‘Crypto’ tab, then tap ‘Trade.’?

2. Search for USDC.?

3. On the USDC page, tap on ‘Buy.’

?4. Enter the USDC value for your transaction.?5. Review the transaction information and confirm your payment

How To Transfer USDC from Revolut to your generated Bingtellar wallet address:?

1. Return to the ‘Crypto’ tab and tap on ‘Send.’

?2. Paste the wallet address copied on Bingtellar.?

3. Enter the amount to send and tap on ‘Send USDC' and choose Stellar as the blockchain network, then review your transfer and confirm it. Ensure you choose the right network.

NB: Stellar network is extremely cheap and fast so it’s advisable to use that.

?4. Viola! That’s all you have to do; your recipient will receive the Shillings value of your USDC transfer within minutes.

Click here to use Bingtellar — SEND MONEY TO UGANDA FAST ??

If you have any questions or enquiries, you can reach us by sending an email -> [email protected] or via X (formerly Twitter).