London, UK, October 24, 2024, Chainwire
Peanut is launching a beta model of the primary self-custodial model, permitting customers to immediately money out any token on 20+ EVM chains into their financial institution accounts, with out counting on centralized exchanges. This beta characteristic is rolling out first within the EU and US.
This new beta characteristic creates an vital bridge between crypto and fiat. Customers can withdraw funds from any token on 20+ EVM chains immediately in US {Dollars} or Euros to their checking account, avoiding the necessity for CEX or different custodial options. It really works by making a bridge between blockchains and fiat cost networks like IBAN, BIC or SWIFT.
The important thing characteristic of Peanut is to ship funds by way of SMS utilizing QR codes or messengers like WhatsApp, Telegram, e-mail, and many others. With the self-custody provide, recipients can now switch their funds on to their checking account with out the necessity to have a pockets themselves. This breakthrough in crypto accessibility makes transferring cash between platforms seamless and user-friendly. Along with sending funds by way of SMS with out worrying about whether or not the recipient is utilizing crypto or fiat forex, customers of self-custodial wallets can now immediately switch their funds to their checking account with out utilizing CEX.
“Sending cash by way of textual content message is now potential,” stated Peanut co-founder and Harvard graduate Hugo Montenegro. “This can be a main step in the direction of simplifying crypto for on a regular basis use, which means you possibly can ship stablecoins by means of channels like WhatsApp, Telegram, E-mail, and many others. We use it to pay freelancers at any time.”
For the beta launch of this new characteristic, a diminished payment of $1 + 0.25% applies. The minimal withdrawal quantity is $10.
About peanut
Peanut is on the forefront of reworking crypto funds with its revolutionary, totally decentralized self-custody protocol – Peanut Protocol. It allows clear, cross-chain and offramping transactions utilizing clear cost hyperlinks. The platform permits customers to simply ship, obtain, swap cross-chain, and switch funds to fiat currencies, making crypto extra accessible than ever. Peanut's distinctive, secret-protected sensible contracts present high-level safety, making certain that funds are solely launched when a non-public hyperlink is shared by the sender.
“Everybody can now ship funds seamlessly,” stated Derek, CTO of Reown.
With help for over 20 blockchain networks and plans to increase to Bitcoin and Solana, Peanut Protocol is dedicated to simplifying the crypto expertise for everybody. As a non-custodial, permissionless resolution, Peanut offers customers full management over their digital property. Main blockchain tasks corresponding to Blockscout, WalletConnect and Clave Pockets are already leveraging Peanut's expertise to enhance their person expertise.
For extra info, customers can go to https://peanut.to/ or contact (e-mail protected)
Contact
Co-founder
Konrad City
Squirrel Labs
(e-mail protected)
