Corridors
Remittances where the wire does not go
Some corridors are slow, some are expensive, and some are simply closed to correspondent banking. Stablecoins move a euro's worth of value across any of them in under a minute for a few cents.
The problem
What the card rail costs you here
Correspondent chains
A payment to a smaller market can pass through three banks, each taking a fee and a day. The sender pays, the receiver waits, nobody can say where it is.
Closed corridors
De-risking has cut some countries off from correspondent banking altogether. There is demand and there is no rail.
Cash out is the hard part
Moving value on chain is easy. Turning it into local money the recipient can spend is the work.
How Plutus fits
What we switch on for you
The product is the same underneath. These are the pieces that matter in remittances, in the order most merchants adopt them.
Collect in fiat, pay out in stablecoin
Take the sender's payment however they pay, hold a stablecoin float, and send batches of payouts to recipient wallets or partner cash out points.
Collect on chain, settle in fiat
Or the reverse: take stablecoin from senders abroad and settle to a bank in the corridor you serve.
Batch payouts with approval
Upload five hundred recipients, review, approve, broadcast. Every payout carries its hash back to your ledger.
Screening both ways
Incoming and outgoing transactions are screened. It is how a remittance business stays banked.
A worked example
A corridor operator, 2,000 transfers a month averaging €300
Illustrative. Card figures are typical European ranges and depend on your acquirer, sector and volume.
Talk to us about remittances
Tell us what you sell and where, and we will come back with the pieces to switch on and a rate confirmed in writing.