Portugal/Web Summit 2025: Cape verdeanStartup Aims to Make International Transfers Faster and Cheaper

Lisbon, Nov 13 (Inforpress) – The Cape verdeanstartup CaboPay, participating in Web Summit 2025 in Lisbon, is showcasing an innovative proposal to facilitate international money transfers in a faster, more affordable, and lower-cost way.

Founded by CEO Igor Monteiro and Lorenzo Mello, CaboPay is a global payment platform that uses blockchain technology and stablecoins (digital currencies pegged to the US dollar) to perform international transfers at a cost of just microcents.

In an interview with Inforpress, 23-year-old co-founder and CEO Igor Monteiro explained that the solution was designed over a year ago and implemented about three months ago.

He highlighted that CaboPay’s system stands out from existing platforms by enabling global transfers to be completed within minutes and virtually free of charge.

FM/CP

Inforpress/End