London, UK, October 24, 2024, Chainwire
Peanuts launches first self-custodial off-framp beta, allowing users to cash out any token on 20+ EVM chains directly into their bank accounts without relying on a centralized exchange It will be. This beta feature will first be rolled out in the EU and US.
This new beta feature creates an important bridge between cryptocurrencies and fiat currencies. Users can cash out funds from any token on the 20+ EVM chain directly into their bank accounts in USD or EUR, without the need for CEX or other custodial solutions. It works by creating a bridge between the blockchain and fiat payment networks such as IBAN, BIC, and SWIFT.
Peanut’s main feature is the ability to text funds using QR codes and messengers such as WhatsApp, Telegram, and email. Self-custodial off-ramps allow recipients to transfer funds directly to their bank account without having to take their wallet with them. This breakthrough in cryptocurrency accessibility makes transferring money between platforms smooth and user-friendly. In addition to being able to send funds via text message without worrying whether the recipient is using crypto or fiat, users of self-custodial wallets can send funds via text message to their bank without using CEX. You can now offramp directly to your account.
“You can now text money,” said Peanuts co-founder and Harvard graduate Hugo Montenegro. “This is a big step towards simplifying cryptocurrencies for everyday use. It means you can send stablecoins through channels such as WhatsApp, Telegram and email. I use it all the time to pay.
Beta releases of this new feature are available at a discounted rate of $1 + 0.25%. Minimum cashout amount is $10.
About peanuts
Peanuts is at the forefront of the transformation of cryptocurrency payments with the Peanuts Protocol, a revolutionary fully decentralized self-custodial protocol. Enable seamless cross-chain and off-ramp transactions with seamless payment links. The platform allows users to easily send and receive funds, do cross-chain swaps, and off-ramp to fiat, making crypto more accessible than ever. Peanut’s proprietary secret-secured vault smart contract provides the highest level of security and ensures that funds are only released if the private link is shared by the sender.
“Now anyone can transfer funds seamlessly,” said Derek, CTO of Reown.
With support for over 20 blockchain networks and plans to expand to Bitcoin and Solana, Peanuts Protocol is committed to simplifying the cryptocurrency experience for everyone. A non-custodial, permissionless solution, Peanut gives users complete control over their digital assets. Major blockchain projects such as Blockscout, WalletConnect, and Clave Wallet are already leveraging Peanut’s technology to improve their user experience.
For more information, please visit https://peanut.to/ or contact us (email protected)
contact
co-founder
Conrad Urban
squirrel research institute
(email protected)
