London, UK, 24 October 2024, Chainwire
Peanut is launching a beta model of the primary self-governing off-roader that enables customers to straight 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 straight 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 fee networks reminiscent of IBAN, BIC or SWIFT.
Peanut's key function is sending textual content messages utilizing QR codes or messengers like WhatsApp, Telegram, e mail, and so forth. Due to 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 straight off-up to their checking account with out utilizing CEX.
“Texting cash is now potential,” stated Hugo Montenegro, Peanut co-founder and Harvard graduate. “This can be a main step in the direction of simplifying crypto for on a regular basis use, which means you may ship stablecoins through channels like WhatsApp, Telegram, E mail, and so forth. We use this to pay freelancers on a regular basis.”
There’s a discounted charge of $1 + 0.25% for the beta launch of this new function. The minimal withdrawal quantity is $10.
In regards to the peanut
Peanut is on the forefront of the crypto fee transformation with its progressive totally decentralized self-governing protocol – the Peanut Protocol. It permits seamless, cross-chain and offramping transactions utilizing seamless fee 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 good contracts present the very best safety and be sure that funds are solely launched when the sender shares a non-public hyperlink.
“Anybody can now ship funds seamlessly,” stated Derek, CTO of Reown.
With help from over 20 blockchain networks and plans to develop to Bitcoin and Solana, Peanut Protocol is dedicated to simplifying the crypto expertise for everybody. As an unattended, permissionless resolution, Peanut offers customers full management over their digital property. Main blockchain initiatives reminiscent of Blockscout, WalletConnect and Clave Pockets are already utilizing Peanut know-how to enhance the person expertise.
For extra data, customers can go to https://peanut.to/ or contact (e mail protected)
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Squirrel Labs
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