Because KAST only works with stablecoins, it also offers its customers “a safe haven for hard-earned income when local currencies decline,” said Alex Svanevik, co-founder and chief executive of analytics platform Nansen.ai and an early-backer of KAST.
“As more digital nomads receive salaries in stablecoins, they can now bypass the hassle of legacy rails. International transfers that once took weeks can now be completed instantly and at virtually no cost,” he said in a statement.