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Fighting Inflation with P2P Fintech

Everyone’s money gets hit by inflation– UK was 10% last month. That means the money you worked for and saved buys less and less. And if you’re in the developing world like me, your money doesn’t just get hit by inflation. It gets slammed. Destroyed. Completely wiped out.

Hello from Cuba! My name is Camilo, and I’m the founder of XFXHub.com, a community of fintech entrepreneurs united by a common vision– to help our friends and families beat inflation– and a common coin: $XFX.

Many families living in countries with high inflation receive dollars or euros from family members who have left to work abroad in the U.S or the EU. These remittance payments of hard currency make it easier to live in countries whose currencies lose value rapidly against those less inflationary currencies. In Cuba many families depend on remittances from friends and family in the U.S.

In Cuba and in many Latam countries, as well as Africa and Asia, including India, local banks and money transfer companies apply terrible exchange rates and fees that result in families receiving much less money from the remittances they are sent.

The XFX community is solving this problem with peer-to-peer remittance. We’ve developed a simple fintech template that makes it easy for anyone to help friends and family convert USD, EUR, BTC or any other currency to local money at free market exchange rates and with low fees.

We have hundreds of independent P2P remittance providers in our community and we’re collaborating to take XFX to the next level with discovery tools for free market rates of any currency and more.

Visit XFXhub.com to learn more. Join our Coin Community at XFX.slyk.io. Earn XFX by helping us grow. Redeem XFX for our P2P remittance template and to collaborate to help us build XFXhub into the leading P2P forex hub in the world.

( 6 comments | 2 points | on HN )
Re:Fighting Inflation with P2P Fintech by earlyhp on Friday October 07, 2022 @06:06PM (#33127447)
Despues de la covid el mundo entero ha vivido una inflacion económica, que no es facil, pero peor es En nuestro país, Cuba, que es lo que nos ha ayudado las negociaciones mesiante el P2P, lo mejor creado.
Re:Fighting Inflation with P2P Fintech by nidiaha70 on Saturday October 08, 2022 @05:09PM (#33136038)
De acuerdo en absoluto solo has encuesta de cuantos tienen servicio de corriente
Re:Fighting Inflation with P2P Fintech by ylanda81 on Friday October 07, 2022 @06:57PM (#33127959)
It is very true that in Cuba, inflation and Cubans are higher every day both abroad and those living on the island need remittances of family and friends.Good project!Congratulations!
Re:Fighting Inflation with P2P Fintech by elGabo on Saturday October 08, 2022 @12:36PM (#33133722)
Excellent tool for families to deal with inflation, and if it is associated with the Blockchaun, I think security and trust is a factor to take into account. Thank you very much Kmilo
Re:Fighting Inflation with P2P Fintech by timparsa on Saturday October 08, 2022 @04:35PM (#33135771)
P2P is what made Airtm a great company. The recent Paypal penalty/confiscation policy makes P2P an essential tool for anyone who loves freedom.

I wrote more about it here: https://timzparsa.medium.com/scaling-stranger-to-stranger-se...

Re:Fighting Inflation with P2P Fintech by thoy_brown on Saturday October 08, 2022 @11:57PM (#33138167)
I think it will be something necessary and interesting