Cheq hopes an easy-to-use app for stablecoins will appeal to inflation-wracked countries

People in the Global South are often subject to terrible fluctuations in their currencies, as well as hyperinflation. At the same time, many are unbanked, but still able to access a crypto wallet. A way for these populations to access more stable currencies would be by accessing Stable Coins which are pegged to the US dollar – but most crypto platforms are less thank user-friendly.
This is the thinking behind Cheq, a fintech startup that enables cryptocurrency payments in a user-friendly app. It’s now raised a $2 million pre-seed round led by London’s Connect Ventures, alongside Semantic

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