ChitChat

At ChitChat, we currently offer only USD wallets, but we have plans to expand our currency options in the future. Here's why we started with USD:

Devaluation is when a country's currency loses value relative to other currencies. This can happen due to various economic factors, often resulting in reduced purchasing power for those holding the devalued currency.

By offering USD wallets, we provide our users (especially those in African countries) with a more stable store of value. When you deposit money into your ChitChat wallet, it's converted to USD, which is generally less likely to devalue rapidly compared to many African currencies.

USD: The Currency of the Internet The US dollar is widely recognized as the primary currency for online transactions globally. Since ChitChat issues virtual cards primarily for online use, it makes sense to align with the most commonly accepted currency in the digital space.

Simplified Online Shopping Having a USD wallet makes it easier to make purchases from international websites without worrying about currency conversion fees or fluctuating exchange rates.

When making an online purchase, a local currency debit card user pays extra due to currency conversion fees (anywhere from 1% to 30%) and risks further costs if exchange rates fluctuate. In contrast, a ChitChat USD card user does not pay any hidden fees, avoiding conversion fees and exchange rate worries. This makes the USD card more cost-effective and predictable for international online shopping.

Future Plans While we currently only offer USD wallets, our vision includes expanding to other currencies soon. We're working on bringing you more options to suit your specific needs and preferences.

Remember: Your ChitChat USD wallet offers both convenience for online transactions and a degree of protection against local currency devaluation.

For any questions about our currency options or future plans, please don't hesitate to contact our support team.

1. Protection Against Devaluation
 Devaluation is when a country's currency loses value relative to other currencies. This can happen due to various economic factors, often resulting in reduced purchasing power for those holding the devalued currency.
 By offering USD wallets, we provide our users (especially those in African countries) with a more stable store of value. When you deposit money into your ChitChat wallet, it's converted to USD, which is generally less likely to devalue rapidly compared to many African currencies. 
2. USD: The Currency of the Internet The US dollar is widely recognized as the primary currency for online transactions globally. Since ChitChat issues virtual cards primarily for online use, it makes sense to align with the most commonly accepted currency in the digital space. 
3. Simplified Online Shopping Having a USD wallet makes it easier to make purchases from international websites without worrying about currency conversion fees or fluctuating exchange rates. 
 
 When making an online purchase, a local currency debit card user pays extra due to currency conversion fees (anywhere from 1% to 30%) and risks further costs if exchange rates fluctuate. In contrast, a ChitChat USD card user does not pay any hidden fees, avoiding conversion fees and exchange rate worries. This makes the USD card more cost-effective and predictable for international online shopping.
 
 Future Plans While we currently only offer USD wallets, our vision includes expanding to other currencies soon. We're working on bringing you more options to suit your specific needs and preferences.
 
 Remember: Your ChitChat USD wallet offers both convenience for online transactions and a degree of protection against local currency devaluation.
 
 For any questions about our currency options or future plans, please don't hesitate to contact our support team.