Sling Money is a global peer-to-peer payments app designed to simplify international money transfers by leveraging blockchain technology. Users can send funds across over 140 countries instantly and without fees.
Key Features:
Effortless Transfers: Users can add money to their Sling Wallet by connecting a bank account, debit card, or mobile money account. The local currency is converted into a US Dollar stablecoin (USDP), facilitating quick and secure global transactions.
User-Friendly Interface: Instead of requiring complex bank details, Sling Money allows users to send money by simply searching for recipients by name in a global directory.
Instant Currency Conversion: The app enables users to specify the amount in any currency, automatically handling exchange rates to ensure the recipient receives the correct amount in their local currency.
Cross-Platform Accessibility: Sling Money is available on both iOS and Android platforms, ensuring a wide range of users can access its services.
Recent Developments:
In November 2024, Sling Money officially launched in the United States, making instant stablecoin-based peer-to-peer payments accessible to customers of all major U.S. banks. This expansion connected Americans to a global network, offering fast, easy, and fee-free international payments.
User Experiences:
The app has received positive feedback for its simplicity and efficiency in facilitating international transactions. One user noted that Sling Money made transferring money between international accounts and making small transfers between friends abroad much easier compared to traditional banking methods.
Overall, Sling Money aims to create a world where sending and receiving money is effortless, positioning itself as a modern solution for global financial connectivity.
Yendo is a Texas-based financial technology company that offers a unique credit card secured by the equity in your vehicle. This innovative approach allows individuals to access credit lines ranging from $500 to $10,000, depending on the make, model, mileage, and condition of their vehicle, as well as their ability to repay.
Key Features:
Vehicle-Secured Credit: Unlike traditional secured credit cards that require a cash deposit, Yendo uses your car's equity as collateral. This means your vehicle's value determines your credit limit, potentially offering higher limits at affordable rates.
No Impact on Credit Score for Pre-Approval: You can get pre-approved in just two minutes without affecting your credit score. This soft inquiry allows you to explore your eligibility risk-free.
All Credit Scores Welcome: Yendo is inclusive, welcoming applicants with varying credit histories, including those looking to build or rebuild their credit.
Credit Reporting: Responsible usage of the Yendo credit card can help build your credit, as Yendo reports to all three major credit bureaus: Experian, Equifax, and TransUnion.
Virtual Card Access: Upon approval, you receive immediate access to a virtual card, allowing you to make purchases online or through mobile payment platforms like Apple Pay, Google Pay, or Samsung Pay, even before your physical card arrives.
Application Process:
Pre-Approval: Submit basic information about yourself and your vehicle to receive a pre-approval decision in minutes, with no impact on your credit score.
Vehicle and Identity Verification: After pre-approval, verify your information by providing photos of your car and a valid government-issued photo ID.
Access Your Credit: Once approved and your vehicle title is processed, you'll gain immediate access to your credit line through a virtual card, while your physical card is mailed to you.
Considerations:
Annual Fee: The Yendo credit card charges a $40 annual fee.
Risk of Repossession: As your vehicle serves as collateral, failure to meet payment obligations could result in the repossession of your car. However, Yendo emphasizes that repossession is a last resort after all other options to recoup the outstanding balance have been exhausted.
Yendo's mission is to provide affordable credit access to everyone, transforming your vehicle into a financial asset to help you pay bills, make significant purchases, or have funds available for emergencies.