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$100 crossing a border touches more hands than you'd think a bank in the middle, a fintech skipping that bank, then a stablecoin sandwich skipping the fintech.
we wrote the full story of how money moves, and where it still loses value without anyone telling you.
read it here →medium.com/@tomerbariach/tex…
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Honest question: if you could see the exact fee and rate before every transfer you've ever made, would the number have surprised you?
On Textile FX, you don't have to wonder the price is right there before you confirm.
reply with your guess, we'll tell you how close you were. or just go check → app.textilecredit.com
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Gm gm Textile rates
USDT/IDR
Sell USDT Rp17,804
Buy USDT Rp17,813
USDT/NGN
Sell USDT ₦1,369.18
Buy USDT ₦1,369.82
USDT/BRL
Sell USDT R$5.198
Buy USDT R$5.200
Both sides, all day.
app.textilecredit.com
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We look at ways people actually move money across borders. Two of them cost you time you don’t get back. Textile FX doesn’t.
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Textile FX retweeted
Moving between local currency and USDT shouldn’t have to be complicated.
I’ve been playing around with Textile lately and honestly, I like how simple it feels.
Moving from cNGN to USDT without the usual back-and-forth is a pretty nice experience.
It’s one of those things you don’t fully appreciate until you actually use it.
If you’re looking for a safe, straightforward place to make your conversion, give Textile a try.
app.textilecredit.com
Start enjoying @Textileprotocol today.
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Gm gm Textile rates
USDT/IDR
Sell USDT Rp17,876
Buy USDT Rp17,885
USDT/NGN
Sell USDT ₦1,372.28
Buy USDT ₦1,372.92
USDT/BRL
Sell USDT R$5.198
Buy USDT R$5.200
Both sides, all day.
app.textilecredit.com
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Textile FX retweeted
New on Celo: @idrx_co, the regulated IDR stablecoin, backed 1:1 by Rupiah reserves and bonds.
For builders targeting Southeast Asia, direct onchain IDR ↔ USD₮ swaps via @Textileprotocol are live.
BREAKING: @idrx_co, the regulated, fiat-backed Indonesian Rupiah stablecoin, is live on Celo, the most widely adopted network for stablecoin payments 🇮🇩
Backed 1:1 by Rupiah reserves & bonds, IDRX will power remittances & payments & w/ @Textileprotocol onchain FX from day one!
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How does a price get set on Textile FX?
Here is a short breakdown:
• Someone with capital quotes a buy price and a sell price for a currency pair
• You trade against whichever quote is best at that moment
• If more people are quoting, the gap between buy and sell gets tighter. That gap is the real cost of a trade, the fee or the spread.
This is exactly how pricing works on Textile FX, and you can see it live before you confirm anything.
try it yourself → app.textilecredit.com
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Gm gm Textile rates
USDT/IDR
Sell USDT Rp17,819
Buy USDT Rp17,828
USDT/NGN
Sell USDT ₦1,373.16
Buy USDT ₦1,373.80
USDT/BRL
Sell USDT R$5.186
Buy USDT R$5.189
Both sides, all day.
app.textilecredit.com
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Gm gm Textile rates
USDT/IDR
Sell USDT Rp17,795
Buy USDT Rp17,804
USDT/NGN
Sell USDT ₦1,374.58
Buy USDT ₦1,375.22
USDT/BRL
Sell USDT R$5.119
Buy USDT R$5.122
Both sides, all day.
app.textilecredit.com
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the World Bank has tracked the average cost of sending remittances for over a decade. it's still around 6% globally barely moved, despite a decade of "disruption."
the fintech era made transfers faster. it didn't make the pricing honest. that's the gap Textile FX was built to close.
check the actual rate before you send → app.textilecredit.com
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Textile FX retweeted
Our CEO apologised for waking you up before $5M, we didn't.
new ATH! above $2M traded in one day :)
naira <> USDT and rupiah <> USDT.
the last record lasted three days, this one is almost double I know i said I'd wake you up at $5M sorry.
The goal $5M before token2049, wish us luck.
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Gm gm Textile rates
USDT/IDR
Sell USDT Rp17,745
Buy USDT Rp17,754
USDT/NGN
Sell USDT ₦1,372.18
Buy USDT ₦1,372.82
USDT/BRL
Sell USDT R$5.122
Buy USDT R$5.124
Both sides, all day.
app.textilecredit.com
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Textile FX retweeted
if you're doing local FX stabelcoin <> USDT
use @Textileprotocol they're building an RFQ based FX DEX, great product.
new ATH!
$1.1M traded in one day, between naira <> USDT and rupiah <> USDT.
(also it's the first time we crossed $1m in a single day!)
let me wake you up again when we get to $5M in a single day, wish us luck.
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Last week at Textile FX:
• $17m+ in total volume
• $1m+ traded on IDRX/USDT under a week
• Textile FX set a new single day record, surpassing $1m transaction in 24 hours.
This is what it looks like when a network scales through actual usages.
More partnerships and updates dropping this week. Stay close.
app.textilecredit.com
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Gm gm Textile rates
USDT/IDR
Sell USDT Rp17,703
Buy USDT Rp17,712
USDT/NGN
Sell USDT ₦1,374.33
Buy USDT ₦1,374.97
USDT/BRL
Sell USDT R$5.156
Buy USDT R$5.158
Both sides, all day.
app.textilecredit.com
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Textile FX retweeted
we’ve been running a lot of A/B tests over the past month around large-size onchain FX with institutional-grade rates
over the last few days, we pushed it further with @Celo and @Textileprotocol
thee results have been very, very good
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