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London, United Kingdom, October twenty second, 2024, Chainwire
Peanut launches the primary self-custodial offramp, permitting customers to money out any token on 20+ EVM chains on to their financial institution accounts with out counting on centralized exchanges. This beta characteristic is being rolled out within the EU and US first.
This new beta characteristic creates a necessary bridge between crypto and fiat. Customers can money out funds from any token on 20+ EVM chains immediately in US {Dollars} or Euros to their checking account. This works by making a bridge between blockchains and fiat funds networks like IBAN, BIC, or SWIFT.
Peanut’s key characteristic is texting funds utilizing QR codes or messengers reminiscent of WhatsApp, Telegram, e-mail, and so forth. With the self-custodial offramp, recipients can now switch their funds on to their checking account without having a pockets. This breakthrough in crypto accessibility makes transferring cash throughout platforms frictionless and user-friendly. Along with texting funds with out worrying whether or not the recipient makes use of crypto or fiat, customers of self-custodial wallets can now immediately offramp into their checking account with out utilizing a CEX.
“Texting cash is now doable,” stated Hugo Montenegro, co-founder of Peanut and a Harvard graduate. “It is a main step towards simplifying crypto for on a regular basis use, which means you’ll be able to ship stablecoins by way of channels like WhatsApp, Telegram, Electronic mail, and so forth.”
For the beta launch of this new characteristic, Peanut Protocol will give every person the primary 5 transactions without spending a dime. Afterwards, a small payment will apply. The minimal cashout quantity is $10.
About Peanut
Peanut is on the forefront of remodeling crypto funds with its progressive, absolutely decentralized self-custodial protocol — Peanut Protocol. It allows seamless, cross-chain, and offramping transactions. The platform permits customers to simply ship, obtain, cross-chain swap, and offramp funds to fiat currencies, making crypto extra accessible than ever. Peanut’s distinctive secret-protected vault sensible contracts present top-tier safety, guaranteeing that funds are solely launched when the sender shares a personal hyperlink.
“Anybody can now ship funds seamlessly,” stated Derek, CTO of Reown.
With help for over 20 blockchain networks and plans to develop to Bitcoin and Solana, Peanut Protocol is dedicated to simplifying the crypto expertise for everybody. As a non-custodial, permissionless resolution, Peanut empowers customers with full management of their digital belongings. Main blockchain tasks reminiscent of Blockscout, WalletConnect, and Clave Pockets already leverage Peanut’s expertise to boost their person expertise.
For extra info, go to their web site.
Co-Founder
Konrad City
Squirrel Labs
press@peanut.to
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