- Kontigo offers a decentralized wallet that enables seamless global transactions in USDC and caters to underbanked Latinos.
- Users can earn an 8% annual return on savings through secure staking on the Aave DeFi protocol.
- Headquartered in California, Kontigo adheres to strict KYC and AML standards, ensuring a secure, trustworthy service.
A world where financial borders melt away, allowing you to send, spend, and save money with a simple tap no matter where you are sounds like a dream.
This was the vision that sparked the creation of Kontigo, a remarkable app designed to empower millions across Latin America and the U.S.
Founded in 2024 by Jesus Castillo and Gino Guatavita, industry veterans with experience from Venmo, Nubank, and Rappi, Kontigo set out to solve a pressing problem: the lack of accessible, affordable banking options for Latinos, a demographic that makes up 25% of the U.S. population but remains significantly underbanked.
A Global Financial Solution with Decentralized Power
Headquartered in California, Kontigo operates as a global financial hub, offering a suite of services that go beyond traditional banking.
At its core, Kontigo is a decentralized, self-custodial wallet that allows users to manage a global dollar account, enabling seamless transactions in USDC (USD Coin).
This means that whether you’re in San Francisco, Bogotá, or Caracas, you can transfer money instantly, shop online, or even save with a stable annual return of 8%—all without the hefty fees typically associated with cross-border financial transactions.
The app leverages cutting-edge blockchain technology, with partnerships with Binance, Circle, and Aave, to ensure both security and accessibility for its users.
Saving with a Guaranteed 8% Annual Return
One of the standout features of Kontigo is its approach to savings. Through a process known as staking on Aave, one of the world’s most secure DeFi protocols, Kontigo users can earn an 8% annual return on their savings.
This is achieved by using the deposited funds as collateralized loans within a liquidity network, making the funds both secure and productive.
It’s a revolutionary way to turn savings into a growth opportunity in regions where traditional banks offer little to no interest.
“ I congratulate you for generating trust and security. I made my first deposit and it was already credited to me, I am still learning but when every fortnight arrives, I will continue saving thanks to you. Blessings, keep it up,” said a satisfied customer, Carlos Martinez.
Secure Payments with QR Code Technology
But Kontigo isn’t just about saving; it’s about spending and managing money in real time.
The app features QR code payments for instant, secure transactions at local establishments, and tools for expense control, allowing users to manage their finances on the go.
Whether paying with a QR code at a café or transferring funds to family in another country, Kontigo makes it seamless.
Kontigo’s commitment to compliance and security is evident in its operations. Based in California, the company adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) processes, working with global service provider Metamap.
As a self-custodial wallet, Kontigo doesn’t hold users’ funds, operating purely as a software company.
However, they’re actively engaging with local regulatory bodies to ensure they meet all financial regulatory requirements, reflecting their dedication to providing a trustworthy service.
Edited By Annette George
