Systems and methods for foreign currency exchange and transfer

A system, comprising at least one processor configured to:

• provide, using a graphical user interface (GUI) of a wallet application, a customer request for a currency transfer between a customer account and a recipient account, wherein the customer account is associated with a first type of currency and the recipient account is associated with a second type of currency;
• receive, by the GUI of the wallet application, an indication of a transferred amount for a currency transfer from the wallet application associated with the customer account to the recipient account based on executing a smart contract on a distributed ledger;
• debit, by the wallet application, an amount of the first type of currency from the customer account;
• and
• credit, by the wallet application, an amount of the second type of currency to the recipient account.

At least one non-transitory processor-readable medium comprising processor-readable media such that, when executed, causes at least one processor to:

• provide, using a graphical user interface (GUI) of a wallet application, a customer request for a currency transfer between a customer account and a recipient account, wherein the customer account is associated with a first type of currency and the recipient account is associated with a second type of currency;
• receive, by the GUI of the wallet application, an indication of a transferred amount for a currency transfer from the wallet application associated with the customer account to the recipient account based on executing a smart contract on a distributed ledger;
• debit, by the wallet application, an amount of the first type of currency from the customer account;
• and
• credit, by the wallet application, the amount of the second type of currency to the recipient account.