How Qash Uses Borderless to Dollarize Savings in Colombia

In Colombia, currency volatility makes it difficult for individuals and businesses to preserve value and transact globally. Qash, a fintech focused on financial access, is helping Colombian’s dollarize their savings and banking through stablecoins that allow them to spend globally with ease.

When it comes time to spend those savings, stablecoins need to be eventually off ramped into local bank accounts. By building on top of the Borderless platform, Qash is able to connect seamlessly to multiple on- and off-ramp providers, giving their users higher reliability through redundancy, better FX rates as providers compete for transaction flow, and set the stage for future geographic expansion.

Bridging the Gap Between Pesos and Dollars

Qash’s mission is to provide financial security and global access to Colombians through innovative banking solutions. With the Borderless platform connecting Qash to a global network of on & off ramps, Qash ensures its users can move between local currency and USD-backed stablecoins without friction. This means:

• Access to multiple on & off ramps: Most platforms rely on one or two integrations with local ramps or exchanges. Borderless consolidates a wide range of providers into one network. For Qash, this means end users get better pricing and more reliable transactions while keeping the operational simplicity of orchestrating through one single platform. 

• Built-in redundancy: In emerging markets, providers can experience outages, liquidity shortages, or compliance-related interruptions. Borderless solves this by building redundancy: if one provider fails, transactions can be routed to another provider without disruption. For Qash, this ensures reliable transaction processing - even during moments of market stress.

• Better FX Execution Rates: Foreign exchange spreads can vary greatly between providers, especially volatile markets. By having access to Borderless’s multi-provider network, Qash can identify the best execution path at any given moment.  This allows Qash to deliver consistently better conversion rates to its users - making stablecoins not just safer, but also cheaper to access.

Why Borderless? 

Borderless provides the critical infrastructure that allows Qash to focus on it's customers. By building on top of the Borderless network of on & off ramps, Qash can scale rapidly in both Colombia and the U.S. while delivering lower costs and greater reliability for end users.