Lawrence Jengar
Dec 16, 2025 18:47
Sora Financial Technologies leverages USDC to streamline remittances between Turkey and 14 African countries, reducing costs and improving transaction speed for users.
Sora Financial Technologies (SFx) is revolutionizing the remittance landscape between Turkey and 14 African countries using USDC, Circle’s USD-pegged stablecoin. This initiative is aimed at simplifying and reducing the cost of money transfers for African students and professionals in Turkey, according to Circle.
Streamlining Cross-Border Transactions
Traditional remittance channels often involve high fees and lengthy delays, challenges that SFx co-founders have personally encountered. In response, SFx developed a money-movement app that facilitates seamless cross-border transactions akin to local transfers, leveraging the efficiency and reliability of USDC. The app allows users to hold US dollar value and convert it into local currencies, executing transactions within seconds and eliminating transfer fees.
Empowering Users with the SFx Money App
The SFx Money App functions as a digital wallet, enabling users to add funds, send USDC to contacts via usernames, and spend using a virtual card. This system is particularly beneficial for communities like the Congolese expats in Cyprus, who have drastically reduced their transfer times without needing a bank account.
Promoting Financial Inclusion
Beyond convenience, SFx aims to enhance financial inclusion by integrating compliance-focused design with Circle’s infrastructure. Elisabeth Carpenter, Chief Strategic Engagement Officer at Circle, emphasizes SFx’s role in addressing daily financial pain points with the stability and security of USDC, thus empowering users to manage their finances with confidence.
Expanding Opportunities
The SFx Money App significantly reduces the time and cost associated with remittances, allowing migrant workers to send earnings home instantly and students to receive tuition payments without friction. This service not only meets immediate financial needs but also supports long-term financial resilience among users.
By aligning technological advancement with human-centric goals, SFx showcases the potential of stablecoin infrastructure to foster global financial connectivity and opportunity.
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