[Modveon Partners with Coinbase to Launch Remittance App Sivar in El Salvador, Supporting Low-Cost Cross-Border Transfers Between the US and El Salvador] According to the Coinbase blog, Modveon has launched Sivar, a community and payment app for El Salvador, integrating Coinbase's payment infrastructure to provide a low-cost channel for remittances between the US and El Salvador. Sivar features a non-custodial wallet, allowing users to fund their accounts via debit card through Coinbase Onramp. Transfers between verified users are powered by the Coinbase API, with funds settled on the Base chain using stablecoins, enabling instant and low-cost clearing. Remittances from compliant US users to verified recipients in El Salvador will incur a fixed fee of $2 per transaction, significantly reducing costs compared to traditional remittance methods. Recipients in El Salvador can withdraw funds at over 1,000 local offline locations.