YapBay is a Web3 P2P remittance dapp that chains together P2P crypto offers over stablecoin rails using an innovative sequential escrow to permit fiat-in, fiat-out remittances that are cheaper, faster and more accessible than TradFi options.

Our mission is to facilitate access to cryptocurrency for people across the globe, without the need for onerous KYC procedures or the arbitrary limits and opaque reserve status of centralized exchanges.

We are building a peer-to-peer crypto exchange that provides anyone, anywhere with uncensorable, KYC-free, transparent and open-source fiat on-ramps and off-ramps.

• Financial Inclusion
• Affordable Remittances
• Censorship Resistance
• Crisis Resilience
• Economic Empowerment

1. Expensive Fees: Sub-$200 remittances face high fixed fees, disproportionately affecting smaller transfers to regions like Africa, Southeast Asia and Latin America. Some corridors even face exorbitant fees.
2. Economic Barriers: These fees hinder families from accessing basic needs, stifling economic growth and participation in their home countries.
3. Opportunity Limitation: High fees block billions of potential capital flow, preventing economic empowerment, effective capital formation and innovation in developing regions.
4. ID Exclusion: Over 1 billion lack formal IDs, locking them out of secure global finance and forcing reliance on costly informal channels.
5. Crisis Fragility: Power outages and unreliable networks cripple remittance access during emergencies, leaving families stranded or at the mercy of predatory providers.
6. Global Inequality: At 6.2%, remittance costs in 2023 remain far above the World Bank’s 3% target, highlighting a pressing need for change.

YapBay is a LocalBitcoins where remittance senders chain together 2 peer-to-peer trade offers into 1 fiat-in, fiat-out remittance transaction. Behind the scenes, P2P traders use stablecoins as a fast, hassle-free and low-cost transport layer. Remittance senders and receivers use their preferred fiat currencies and avoid any need for immediate onboarding, technical knowledge or exposure to volatility.

Remittance senders can also buy basic necessities, such as groceries and medicines, from merchants that are local to their remittance recipients. Often, merchants can deliver these products to the recipients' homes. We call these "combo remittances".

public good and 1% fee

Want to grow through just grant funding

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