Fiatsend Network Participants

Understanding the Ecosystem

The Fiatsend Network is built on a decentralized architecture that connects four key participants, each playing a critical role in ensuring smooth and efficient fiat-to-crypto transactions. This collaborative ecosystem enables instant global payments while maintaining security, compliance, and accessibility.

👥 Network Participants Overview

Users

Individuals and businesses who send, receive, and convert funds

• • Send money globally
• • Convert fiat to crypto
• • Access mobile money

Merchants

Businesses that accept crypto payments and settle in fiat

• • Accept crypto payments
• • Instant fiat settlement
• • Automated compliance

Agents

Local partners providing cash-in and cash-out services

• • Cash deposits
• • Cash withdrawals
• • Local presence

Liquidity Providers

Financial institutions supplying crypto and fiat liquidity

• • Provide liquidity
• • Earn from spreads
• • Enable transactions

🔍 Detailed Participant Roles

1. Users - The Foundation

Who They Are:

• Individual consumers sending money globally
• Businesses making international payments
• Remittance senders and recipients
• Crypto enthusiasts converting between assets

What They Do:

• Send Money: Transfer funds to family, friends, or businesses globally
• Convert Assets: Switch between fiat and crypto seamlessly
• Access Services: Use mobile money, bank transfers, and crypto wallets
• Manage Accounts: Complete KYC, track transactions, and manage balances

Benefits They Get:

• Instant Transfers: Complete transactions in seconds, not days
• Low Fees: Pay 1-2% vs 5-10% traditional fees
• Global Access: Send money to 150+ countries
• Multiple Options: Choose from various payment methods
• Transparency: Clear pricing with no hidden costs

How to Join:

• Download the Fiatsend app or use partner platforms
• Complete simple KYC verification
• Add funds via mobile money, bank transfer, or crypto
• Start sending money instantly

2. Merchants - The Business Enablers

Who They Are:

• E-commerce platforms and online stores
• Payment processors and fintech companies
• Service providers accepting international payments
• Marketplaces and platforms

What They Do:

• Accept Payments: Receive crypto payments from customers
• Settle in Fiat: Get instant fiat settlement to their bank accounts
• Manage Orders: Track payments and fulfill orders automatically
• Comply with Regulations: Use built-in KYC/AML features

Benefits They Get:

• Reduced Costs: 70-90% lower payment processing fees
• Instant Settlement: Receive funds in seconds, not days
• Global Expansion: Accept payments from 150+ countries
• Automated Compliance: Built-in regulatory features
• Better UX: More payment options for customers

How to Join:

• Sign up for a merchant account
• Integrate Fiatsend APIs into your platform
• Configure webhooks for payment notifications
• Start accepting crypto payments

Integration Example:

// Accept crypto payment for e-commerce order
const payment = await fiatsend.merchants.createPayment({
  amount: "99.99",
  currency: "USDT",
  customerPhone: "+1234567890",
  merchantId: "your-store-id",
  description: "Order #12345 - Premium T-Shirt"
});
 
// Webhook notification when payment completes
if (payment.status === 'completed') {
  await fulfillOrder(payment.orderId);
}

3. Agents - The Local Bridge

Who They Are:

• Local businesses and shops
• Mobile money agents and kiosks
• Financial service providers
• Community-based organizations

What They Do:

• Cash Deposits: Accept cash and convert to digital assets
• Cash Withdrawals: Provide cash from digital assets
• Local Support: Offer in-person assistance and education
• Community Outreach: Help onboard new users

Benefits They Get:

• New Revenue Stream: Earn commissions on transactions
• Expanded Services: Offer additional financial products
• Customer Growth: Attract new customers seeking digital services
• Technology Access: Leverage advanced payment infrastructure
• Community Impact: Help drive financial inclusion

How to Join:

• Apply to become a Fiatsend agent
• Complete training and certification
• Set up local operations
• Start providing cash services

Agent Services:

• Cash-in Services: Convert cash to USDT/USDC
• Cash-out Services: Convert USDT/USDC to cash
• KYC Assistance: Help users complete verification
• Education: Teach users about digital payments

4. Liquidity Providers - The Financial Backbone

Who They Are:

• Financial institutions and banks
• Crypto exchanges and trading firms
• Investment funds and asset managers
• High-net-worth individuals

What They Do:

• Provide Liquidity: Supply crypto and fiat for transactions
• Set Exchange Rates: Determine conversion rates for currency pairs
• Manage Risk: Monitor and manage exposure to different assets
• Ensure Stability: Maintain sufficient reserves for smooth operations

Benefits They Get:

• Revenue Generation: Earn from spreads and fees
• Portfolio Diversification: Access to global payment flows
• Technology Integration: Leverage advanced payment infrastructure
• Regulatory Compliance: Built-in compliance features
• Market Access: Reach new customer segments

How to Join:

• Apply for liquidity provider status
• Complete due diligence and compliance checks
• Provide initial liquidity
• Start earning from transaction spreads

Liquidity Management:

• Asset Allocation: Balance crypto and fiat reserves
• Risk Management: Monitor exposure and volatility
• Rate Setting: Determine competitive exchange rates
• Settlement: Ensure timely fund transfers

🔄 How Participants Work Together

Transaction Flow Example

Value Creation for Each Participant

📈 Network Growth & Benefits

Network Effects

As more participants join the Fiatsend Network, everyone benefits:

• More Users → More transaction volume for merchants and liquidity providers
• More Merchants → More use cases and destinations for users
• More Agents → Better local coverage and accessibility
• More Liquidity → Better rates and faster transactions

Economic Benefits

• Cost Reduction: 70-90% lower fees compared to traditional methods
• Speed Improvement: Instant vs 2-5 business days
• Access Expansion: Reach to 1.7 billion unbanked individuals
• Efficiency Gains: Automated compliance and settlement

🚀 Getting Started as a Participant

For Users

1. Download the App: Get Fiatsend mobile app
2. Complete KYC: Verify your identity
3. Add Funds: Deposit via mobile money or bank transfer
4. Start Sending: Send money globally instantly

For Merchants

1. Sign Up: Create merchant account
2. Integrate APIs: Add Fiatsend to your platform
3. Test Integration: Use testnet environment
4. Go Live: Start accepting crypto payments

For Agents

1. Apply: Submit agent application
2. Get Trained: Complete certification program
3. Set Up Operations: Establish local presence
4. Start Serving: Begin providing cash services

For Liquidity Providers

1. Apply: Submit liquidity provider application
2. Due Diligence: Complete compliance checks
3. Provide Liquidity: Deposit initial funds
4. Start Earning: Begin earning from spreads

📞 Join the Network

Join the Fiatsend Network and be part of the future of global payments! 🚀