How Sling Money is Revolutionizing Crypto Payments, International Transfers, and Fintech

Building Web3

In this episode of the Building Web3 Podcast, host Jax Dwyer sits down with Simon, co-founder and designer of Sling Money, to explore how this innovative platform is transforming the world of crypto payments and international money transfers. As a Solana-based wallet, Sling Money is on a mission to connect billions of people to an instant, global financial system that makes sending money as simple as sending a text message. No matter where you are in the world or what currency you use, Sling Money aims to make cross-border payments fast, affordable, and accessible for everyone.
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Chapters
00:00 Introduction to Sling Money and Simon's Background
02:32 Sling Money's Mission and User Experience Innovations
06:31 The Life of a Transaction: From Top-Up to Withdrawal
09:01 Stable Coins and Their Role in Sling Money
11:03 Identifying and Addressing UX Issues in Crypto
15:06 Adoption and Expansion of Sling Money
18:07 Navigating Regulatory Challenges in Crypto Payments
21:29 Abstraction of User Experience: Simplifying Wallet Access
24:19 Future Opportunities in On-Chain Identity and Loyalty Programs
27:01 Connecting with Sling Money and the Team
Simon shares his journey, which began in the tech industry, working for major players like Spotify and Monzo. After seeing firsthand the inefficiencies in the traditional financial system and the challenges users faced with crypto's complex user experience, he and his team set out to create a product that could bridge these gaps. Sling Money addresses the major pain points of regulatory compliance, slow transaction times, and high fees by leveraging blockchain technology and stable coins to offer users a streamlined experience.
The conversation delves deep into how Sling Money integrates seamlessly with local financial services such as M-Pesa in Africa, enabling users to send and receive money instantly at a fraction of the cost. Simon explains how they’ve designed the platform to hide the complexity of blockchain, making it feel like a Web2 app while delivering all the benefits of Web3 innovation. Whether you’re using Sling Money to send funds to a friend or manage international payments for a business, the platform ensures that transactions are completed in under three seconds, and at nearly zero cost, thanks to its Solana infrastructure.
Simon also touches on the challenges of scaling a product that operates across borders, particularly when it comes to regulatory compliance. Sling Money’s team, with deep experience in fintech and global regulations, has built a strong framework to ensure the platform complies with local laws and keeps users’ funds secure. With digital identity and non-custodial wallets, users maintain full control over their funds while Sling offers a user-friendly experience that eliminates the need for long public keys and complicated crypto jargon. It’s this approach that’s making Sling Money a favorite among crypto enthusiasts and newcomers alike.
In addition to its current offering of stable coins like USDP and USDC, Simon hints at future expansions to support a broader range of G7 stable coins, making Sling even more versatile for global users. Whether you’re sending money to family members in Kenya or transferring funds between business partners in France, Sling Money is setting a new standard for what financial technology can achieve.