💲FW Money

FW Money is a South African savings and payments app that allows users to save in dollars or rands and send payments peer to peer.

FW Money is that app that natively supports LZAR (ZAR-pegged) and LUSD (USD-pegged) stablecoins, giving South African users seamless access to both local-currency and hard-currency yield, payments, and swaps—all inside the FW Money app.

🚀Key benefits for users

Dual-Currency Savings

Users can earn competitive, on-chain yields in either Rand (LZAR) or U.S. Dollar (LUSD) without opening separate bank accounts.

Instant Peer-to-Peer & Merchant Payments

Users can send or receive funds via QR code, username, email, or phone number—settled instantly on-chain.

Cross currency swaps

Users can swap LZAR ↔ LUSD at best-in-market rates via FW Money’s on-app liquidity pool, with zero delays.

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🔄 In-App Features

Yield

Users Select a Stablecoin: Users select either LZAR or LUSD. Weekly interest is calculated and credited automatically—no additional steps required.

APR Display: The app displays the current APR, which is refreshed every Sunday based on reserve performance.

Pay & Receive

Peer-to-Peer Transfers: Users open the “Pay” screen to scan a contact’s QR code or enter their FW Money handle, email, or phone number to send LZAR or LUSD.

Merchant Payments: At checkout, users present their in-app QR code to a participating merchant. Transactions settle on-chain in seconds.

Inbound Payments: Users share their QR code or handle to receive funds directly into their wallet.

Instant Swap

Integrated Liquidity Pool: The app converts between LZAR and LUSD using FW Money’s managed liquidity pool at on-chain rates.

Immediate Settlement: Swapped funds appear in the user’s wallet as soon as the transaction confirms.

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⚙️ How It Works

Funding Options

LZAR: Users top up via EFT or link a South African bank account—1 ZAR mints 1 LZAR.

LUSD: Users deposit USDC or USDT to mint LUSD.

Redemption

🇿🇦LZAR can be converted back to ZAR with processing of up to 24 hours.

🇺🇸LUSD can be redeemed back into USDC or USDT and withdrawn onchain.

Using stablecoins

• Deposited stablecoins accrue yield weekly without any manual claiming.

• Users employ the “Pay” and “Receive” functions for on-chain transfers.

• Users utilize “Swap” to convert between LZAR and LUSD.

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