A DeFi-enabled money transfer solution suitable for Crypto to Fiat transfers – CryptoMode


Sending money across borders has never been easier with the advent of cryptocurrencies. With crypto, bypassing traditional bank fees, which according to World Bank estimates between 5% and 9.5% for each payment of $200, is easy.

With some jurisdictions embracing cryptocurrencies to the point of naming Bitcoin as legal tender, cryptocurrencies are quickly becoming a widespread buzzword in cross-border payments as proponents claim them to be the next big thing for the remittance industry. of funds.

However, even though cryptocurrencies offer a viable solution to expensive remittance fees, the volatility of cryptocurrencies continues to be a constant obstacle to replacing fiat currency.

As a solution, SafeGram offers a DeFi (decentralized finance) funds transfer platform for all the needs of decentralized finance applications. Simply put, SafeGram’s platform makes it possible to send money across borders efficiently and effortlessly, unlocking the financial freedom of crypto holders.

In addition to its crypto-to-fiat bridge and rebate platform, SafeGram also offers a decentralized AMM exchange called SafeDEX which includes SafeStarter (LP) which allows users to access all DeFi tools under one platform. .

What is SafeGram?

SafeGram is a decentralized financial ecosystem with an integrated crypto-fiat funds transfer platform that allows its users to send 1:1 value of their digital assets on the blockchain in fiat format anywhere in the world.

Founded by an outstanding team led by co-founder and CEO Ivan Tomic, the genesis of SafeGram is rooted in DeFi’s commitment to the solutions that blockchain brings to the masses in a safe and decentralized way.

Tomic, for example, is an industry-focused entrepreneur with roots in the developer and franchise sectors, not to mention skills and experience in growing strategic FinTech startups using a unique holistic approach to success.

As an early adopter of cryptocurrencies, Tomic has honed his skills over the years to help FinTech projects in crypto and blockchain find their mark of success. Now, Tomic plans to help the masses find their financial freedom through SafeGram’s decentralized ecosystem.

The combined expertise of Tomic (who is the CEO) and the rest of the team gives SafeGram a unifying vision as a digital money transfer ecosystem with additional features such as a single dashboard and DEX (decentralized exchange) to name a few.

How do SafeGram cross border payments work?

As the global workforce continues to become increasingly mobile thanks to internet penetration, international money transfer services are becoming equally important. Since the year 2000, studies show that the industry has grown tremendously at a CAGR (compound annual growth rate) of 10.4%, with more than $530 billion transferred annually. In addition, the global remittance market is expected to exceed $1 trillion by 2030.

In this industry, Money Transfer Operators (MTOs), which include financial companies engaged in cross-border transfer of funds, play a huge role given the complexity of sending and receiving different currencies across borders. with disparate and variable banking systems.

While MTOs are working around the clock to resolve these diachronic challenges of the current financial system, customers seeking to access remittance services are paying the high cost charged by MTOs for the services they provide.

With this in mind, SafeGram operates as a cheaper, safer, and faster alternative to existing MTOs, as its platform is built on a network of decentralized financial protocols.

SafeGram introduces a revolutionary solution that combines today’s digital currency system with cryptography, allowing customers to send and receive money through a revolutionary Crypto-to-Fiat™️ bridge, powered by SafeGram technology.

While most MTOs offer partnerships with third-party money transfer services, SafeGram has a comprehensive money transfer service built into its platform. In the money transfer process, SafeGram deploys an exclusive network of buying/selling partners rather than using a third-party money transfer service, allowing for greater global reach and flexibility.

SafeGram’s GRAM Money services offer a decentralized application (DApp) that helps users send any crypto asset in exchange for the corresponding fiat currency with its equivalent. With each transfer, GRAM Money Services enables a network market buyer to acquire an equivalent value of the seller’s crypto assets from a large decentralized network at a discount, establishing an instant connection without intermediaries.

In response, the buyer on the other side sends the fiat currency directly to the bank account provided by the seller. Therefore, a crypto seller can have fiat delivered to any destination in over 120 countries.

Originating from Binance Smart Chain, SafeGram allows users to pay for transfers using Ethereum (ETH) and Binance Coin (BNB) and will grow rapidly from there. Going forward, SafeGram includes “Cash Pickup” which is a service that will allow users to send money with coins like Bitcoin while using physical ATMs around the world.

Other SafeGram Features

Along with its revolutionary money transfer platform, SafeGram’s ecosystem also comes with SafeDEX which includes a multi-reminder dashboard called SafeStarter. SafeDEX has a built-in AMM protocol and does not charge any fees to users who hold SafeGram’s native $Gram token or use $Gram to pay fees.


Ultimately, the decision to reduce the cost of transferring money across borders is inevitable given the advent of cryptocurrencies that allow instant transfer of value across borders. As the healthy competition in the remittance space continues, prices are expected to come down. In addition, the G20 and the United Nations are pushing harder to reduce the average cost to consumers to around 5%.

Since remittances play a huge role in economic development given their popularity among low-wage workers, SafeGram is on the right track with its goal of democratizing access to affordable financial services and enabling the financial freedom to the masses.

Although SafeGram is just getting started, the platform’s SafeGram money sending services are already up and running and have so far moved substantial amounts without publicity or mass adoption.

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