In today’s world, over 250 million people work and travel internationally. This ever-increasing number is made up by an assortment of migrant workers, tourists, permanent travelers, expats, digital nomads, and international students who often become underbanked, or even unbanked whilst abroad.

If you belong to one of these groups, you know how difficult it is to access funds in a foreign country, with no local credit history or access to your native bank accounts. Also, any undocumented income is not available to build your credit reputation, as well as access to cryptocurrency markets.

Now, imagine a world where you can send money anywhere, in a matter of seconds. Let’s say you’re flying from Europe to Thailand, you deposit the desired amount you wish to exchange in EUR via a mobile application. Upon arrival, you withdraw the money in THB from an ATM without the need of use for this a credit or debit card. You can get cash targeting the best exchange rate at no extra ATM’s fees with only reference codes. It couldn’t be easier.

Everex is making this prospect a reality by the use of fiat-backed stablecoins.

With the Everex headquarters located in Thailand, the first product offering of this type is the Thai Baht stablecoin with the ticker THBEX. Everex’s stablecoins are powered by Ethereum smart contracts, as the main component of the Everex wallet app.

Because stablecoins are pegged to national currencies and are supported by full reserves under the custody of licensed financial institutions, they aren’t subject to the volatility of crypto markets. Thus, you can rest assured funds won’t be lost if the value of Ethereum was to decrease.

By using the Everex Wallet, users will be able to view their balances, create deposits, convert currencies, send money abroad, and request withdrawals in any country & currency in which Everex’s payment network services. And, all within a matter of seconds. At the moment Everex digital wallet is currently offered in the US, EU, Thailand, and Myanmar.

Everex users benefit from significantly lower fees and rates than what is offered by the existing FX method, Western Union, which takes a fee of between 10–15%, or the volatility of other cryptocurrencies such as Bitcoin. Furthermore, Everex users can reduce their fees by a further 50% if they hold EVX in their Everex Cash wallet.



A monitored case study has shown that converting currencies with Everex’s system saves users up to 50% in remittance costs and foreign-exchange rates for select currencies. No doubt you’ll find more resourceful ways to spend that time and money during your travels.



With Everex’s resourceful implementation of blockchain technology and integration with financial institutions, it’s never been easier or as cost-effective for travelers to access, exchange, and send money across the globe — all from the palm of your hand.



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