Leaf Wallet Uses Cutting-Edge Technology to Deliver Services in Low-Bandwidth Areas
Leaf is a mobile application platform that facilitates cash to virtual currency conversion through blockchain technology. Blockchain technology with its distributed ledger, decentralized administration, and secure cryptography presents an opportunity to provide affordable financial services to people crossing through multiple countries.
Leaf converts mobile money through blockchain technology into stable investments. Value is not stored in volatile cryptocurrencies so that customers are hedged against volatility. The platform is accessible through a mobile device—no smartphone required. Friends and family abroad can also contribute into a customer’s account, creating bridges within networks dispersed by trauma and distance.
Leaf uses technology to reach people where they are. By not requiring a smartphone and offering services over USSD, Leaf can reach the 2.4 billion people still using basic phones around the world. With Leaf, customers can use existing infrastructure like mobile money to cash in and out of Leaf. No special equipment is required, even when paying merchants on Leaf. Value is always safe and accessible, even if a customer loses their phone.
Whenever the customer reaches a point of stability, they can withdraw into the new local currency or use their balance as collateral on a microloan. Leaf’s platform offers a secure, affordable, convenient way to safeguard and transfer money across borders that ultimately leads to an economic identity.