London, UK, October 24, 2024, Chainwire
Peanut is launching a beta version of its first standalone depository platform, allowing users to directly withdraw any tokens on over 20 EVM networks to their bank accounts – without relying on centralized exchanges. This beta feature will be rolled out first in the EU and US.
This recent beta feature creates an crucial bridge between cryptocurrencies and fiat. Users can withdraw funds from any token on over 20 EVM networks directly in US dollars or euros to their bank account, bypassing the need for CEXs or other deposit solutions. This works by creating a bridge between blockchains and fiat payment networks such as IBAN, BIC or SWIFT.
Peanut’s key feature is to send SMS funds via QR codes or instant messaging applications such as WhatsApp, Telegram, email, etc. With its self-monitoring platform, recipients can now transfer their funds directly to their bank account without having to have their own wallet. This breakthrough in cryptocurrency availability makes transferring money between platforms hassle-free and user-friendly. In addition to texting funds without having to worry about whether the recipient is using cryptocurrency or fiat, self-service wallet users can now directly transfer money to their bank account without using CEX.
“Texting money is now possible,” said Hugo Montenegro, co-founder of Peanut and a Harvard graduate. “This is a big step towards simplifying cryptocurrencies for everyday use, which means you can send stablecoins via channels like WhatsApp, Telegram, email, etc. We use this to continually pay freelancers.”
There is a reduced beta launch fee of $1 + 0.25% for this recent feature. The minimum withdrawal amount is $10.
About Walnut
Peanut is at the forefront of transforming cryptocurrency payments with its creative, fully decentralized self-control protocol, the Peanut Protocol. It enables seamless cross-chain and off-ramping transactions using seamless payment links. The platform allows users to easily send, receive, cross-chain exchange and offramp funds into fiat currencies, making cryptocurrencies more accessible than ever. Peanut’s unique, secret-protected vault astute contracts provide the highest level of security, ensuring funds are only released when the sender shares a private link.
“Anyone can now transfer funds seamlessly,” said Derek, chief technology officer at Reown.
With support for over 20 blockchain networks and plans to expand to and , Peanut Protocol aims to simplify the cryptocurrency experience for everyone. As a management- and permission-free solution, Peanut gives users full control over their digital assets. Leading blockchain projects such as Blockscout, WalletConnect and Clave Wallet are already using Peanut technology to improve user experience.
For more information, users can visit https://peanut.to/ or write to press@peanut.to
ContactCo-founderKonrad UrbanSquirrel Labspress@peanut.to
