Episode 198 - Pesabase - Revolutionizing Remittances: Delivering $8.5M to Last Mile Communities with Stablecoins

For episode 198, we’re excited to welcome Eric Alsop, Chief Technology Officer at Pesabase—a blockchain-based remittance platform making it faster, cheaper, and more secure to send money to South Sudan, with over $8.5 million transacted to date.

From mobile agents to full-service banks, and from smart contracts to stablecoins, Pesabase is a masterclass on accessible UX & meeting users where they are—without compromising on security or speed.

In this episode, you’ll learn:

1. Why traditional remittance systems are failing those who need them most—and how one startup is using crypto rails to deliver $8.5 million in remittances to last-mile communities.
2. How Pesabase has cracked the code on Web3 user experience by abstracting blockchain complexity for seamless, real-world adoption.
3. And how stablecoins and smart contracts are reshaping the future of cross-border payments and financial inclusion.

--Key Takeaways--

💸 Remittances Are Broken: In many parts of the world, sending money home comes with painful costs—averaging around 10% and sometimes reaching as high as 30%—and delays that can stretch for days. This burden is especially heavy in places like South Sudan, which has the lowest GDP in Africa and limited financial infrastructure.

🤝 Web3 That Works Without Saying 'Web3': Users shouldn't have to know they’re using blockchain. By blending familiar tools like mobile agents and local banks with crypto, they’ve created a seamless user experience that meets people where they are.

⚙️ Smart Contracts + Stablecoins = Instant, Low-Cost Transfers: Pesabase has harnessed the power of crypto rails to make cross-border transactions nearly instant and far more affordable. Their smart contract system automates every step—from fiat conversion to stablecoin transfer to local currency withdrawal—creating an efficient end-to-end flow.

--Full shownotes with links available at--
https://www.cryptoaltruism.org/blog/crypto-altruists-episode-198-pesabase-revolutionizing-remittances-delivering-8-5m-to-last-mile-communities-with-stablecoins

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--DISCLAIMER--
While we may discuss specific web3 projects or cryptocurrencies on this podcast, do not take any of this as investment advice and make sure to do your own research on potential investment opportunities, or any opportunity, before making an investment. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More info at cryptoaltruism.org/disclaimer.