The service is built on Coinbase infrastructure and the Base network, using USDC for settlements that process on-chain in seconds. The pivot targets a remittance market where residents sent $9B home last year, often losing millions of dollars to traditional percentage based fee structures.
Tuesday, October 20, 2026
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Bukele Shifts El Salvador to Sivar for $2 Flat Remittances
Crypto21 days ago
The government of El Salvador is adjusting its financial strategy to prioritize digital dollar transfers after five years of betting on bitcoin. President Nayib Bukele is now promoting Sivar, an application developed by Modveon that enables users to send any amount of money from the U.S. for a $2 flat fee, including the off-ramp transfer.
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