Ping

The platform allows individuals and companies to create a free U.S. dollar account to send and receive global payments in both fiat currencies and major cryptocurrencies like Bitcoin and Ethereum. This service is particularly aimed at users in regions with high inflation and limited banking access, such as Latin America, enabling them to earn in a stable currency. The business model centers on providing an all-in-one financial toolkit that includes invoice generation, international transfers, and conversion to local currencies or crypto assets. By consolidating these services, Ping aims to reduce the high fees and delays associated with traditional cross-border payment methods, reporting that users can earn on average 4% more. Revenue is expected to be supplemented by a premium subscription model in the future.

Ping's core product is a mobile and desktop platform that simplifies international payroll and personal finance for remote workers. Key features include the ability to open a U.S. dollar account without being a U.S. resident, integrated crypto wallets, and an invoicing system that links payments directly to sent invoices. The company partners with third-party providers like Fortress Blockchain Technologies for the custody of digital assets. In November 2022, Ping secured a $15 million seed funding round from investors including Y-Combinator, Race Capital, and BlockTower to fuel team expansion and product development.