Why international wires are slow - and what replaces them
Correspondent banking, cut-off times and opaque FX: a plain-language look at where the days go when you wire money abroad - and how instant local rails change the math.
This is the story of how it should travel.
Send an invoice payment to Latin America by SWIFT, and watch it take the long way around.
You send euros like you always do. The middle leg is invisible plumbing - handled end to end on regulated infrastructure.
Deposit euros or pounds into your virtual account - from the bank account your business already uses.
Funds convert to fully-reserved USDC and cross the border on-chain - no correspondent chain, no banking hours.
The payout arrives in the recipient's own bank account - pesos, reais, pesos colombianos, or dollars, on their local instant rail.
Fund once in EUR or GBP - every payout lands on the country's own instant rail.
We're onboarding EU & UK businesses with LatAm and US payouts.
Tell us what you need - we'll be in touch.
We only use what you share here to get back to you - GDPR applies, questions to hello@rekarii.com.
Everything you need to know about paying your global team with REKARII.
During early access we price per client based on corridor and volume. Before every payout you see the exact fee, the FX rate and the amount your recipient gets. No hidden FX markups, no fees on the receiving end.
Standard business verification (KYB): your company details, registration documents and information about who you'll be paying. Most teams are onboarded within a few business days.
No hard minimum during early access. Tell us about your payout needs in the get in touch form and we'll see if the current corridors are a fit.
Mexico, Brazil, Colombia and the United States. Recipients are paid in MXN, BRL, COP and USD directly to their local bank accounts. Additional corridors are coming - tell us your corridor in the get in touch form and we'll notify you when it opens.
Yes, both. Recipients can be individuals such as freelancers and contractors, or businesses such as suppliers and agencies, paid to a personal or business bank account.
Settlement on the local rail (SPEI in Mexico, PIX in Brazil, Bre-B in Colombia, FedNow in the US) takes up to 30 minutes, around the clock. End to end, payouts typically land in under an hour when your bank supports SEPA Instant; with a regular SEPA transfer the funding leg can add a few hours.
No. You fund in EUR or GBP from your bank account, your recipient gets local currency in their own bank account. The stablecoin leg in the middle is handled end to end on regulated infrastructure. Neither side holds, sees or manages crypto.
They receive the payout in their existing bank account, in their own currency, for the full amount. No app to install, no account to open. We may need standard recipient details from you when setting up a payout, such as account number and name.
Most payouts process on instant rails. Larger amounts are supported and may route via standard bank rails with slightly longer settlement.
If a payout can't be delivered, for example due to incorrect account details, funds are returned and you're notified immediately.
REKARII itself is not a licensed financial institution. It is operated by SIA "Payro", an EU-registered company in Latvia, and all licensed activity, including custody, conversion and payouts, is performed by regulated infrastructure partners.
Funds are held and moved by regulated partners at every leg. The stablecoin used is USDC only: fully reserved, 1:1 backed and redeemable. Every transfer settles on public rails and is reconciled to the cent.
A record of every payout with the EUR or GBP amount, FX rate, fee and recipient details, exportable for your bookkeeping.
Yes. As an EU company we operate under EU law including GDPR. Write to hello@rekarii.com for anything data related.
Still have questions? Get in touch
Payout rails, corridors and the plumbing behind cross-border payments - written for the ops and finance teams who use them.
Correspondent banking, cut-off times and opaque FX: a plain-language look at where the days go when you wire money abroad - and how instant local rails change the math.
The systems locals already trust run 24/7 and settle in seconds. What they are, how they differ and why they matter for payouts.
How EUR becomes MXN in under an hour - and why neither you nor your recipient ever holds, sees or manages a stablecoin.
Client access for onboarded businesses.
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