London, UK, 24 October 2024, Chainwire
Peanut is launching a beta model of the primary self-governing off-roader that permits customers to instantly money out any token on 20+ EVM chains to their financial institution accounts – with out counting on centralized exchanges. This beta function is rolling out within the EU and US first.
This new beta function creates an essential bridge between crypto and fiat. Customers can withdraw funds from any token on 20+ EVM chains instantly in US {dollars} or Euros to their checking account with out the necessity for CEX or different managed options. It really works by making a bridge between blockchains and fiat cost networks akin to IBAN, BIC or SWIFT.
Peanut's key function is sending textual content messages utilizing QR codes or messengers like WhatsApp, Telegram, electronic mail, and so on. Because of offframp's self-management, recipients can now switch their funds on to their checking account with out having to have a pockets themselves. This breakthrough in cryptocurrency availability makes transferring cash between platforms seamless and user-friendly. Along with sending textual content messages with out worrying whether or not the recipient makes use of cryptocurrency or fiat, customers of self-managed wallets can now instantly off-up to their checking account with out utilizing CEX.
“Texting cash is now doable,” mentioned Hugo Montenegro, Peanut co-founder and Harvard graduate. “It is a main step in direction of simplifying crypto for on a regular basis use, which means you may ship stablecoins by way of channels like WhatsApp, Telegram, Electronic mail, and so on. We use this to pay freelancers on a regular basis.”
There’s a discounted price of $1 + 0.25% for the beta launch of this new function. The minimal withdrawal quantity is $10.
Concerning the peanut
Peanut is on the forefront of the crypto cost transformation with its revolutionary absolutely decentralized self-governing protocol – the Peanut Protocol. It allows seamless, cross-chain and offramping transactions utilizing seamless cost hyperlinks. This platform permits customers to simply ship, obtain, swap between chains and switch funds to fiat currencies, making cryptocurrencies extra accessible than ever. Protected by a secret vault, Peanut's distinctive sensible contracts present the very best safety and make sure that funds are solely launched when the sender shares a non-public hyperlink.
“Anybody can now ship funds seamlessly,” mentioned Derek, CTO of Reown.
With help from over 20 blockchain networks and plans to broaden to a , Peanut Protocol is dedicated to simplifying the cryptographic expertise for everybody. As an unattended, permissionless resolution, Peanut provides customers full management over their digital property. Main blockchain initiatives akin to Blockscout, WalletConnect and Clave Pockets are already utilizing Peanut know-how to enhance the consumer expertise.
For extra info, customers can go to https://peanut.to/ or contact press@peanut.to
ContactCo-founderKonrad CitySquirrel Labspress@peanut.to
This text was initially printed on Chainwire
