Peanut introduces self-custodial offramp for easy conversion of crypto to fiat

From Investing.com

October 22, 2024
5:30 PM:

Peanut introduces beta for self-custodial offramp allowing direct cash out from any token on 20+ EVM chains to bank accounts without centralized exchanges. This bridge between crypto and fiat lets users convert funds to US Dollars or Euros using blockchains and fiat payment networks like IBAN, BIC, or SWIFT for a discounted fee of $1 + 0.25%.

Users can text funds via QR codes or messengers with Peanut’s self-custodial offramp, enabling easy transfer to bank accounts without recipient needing a wallet. Harvard graduate co-founder Hugo Montenegro highlights the breakthrough, making crypto transfers frictionless and user-friendly. It simplifies payments across crypto and fiat platforms for everyday use.

Peanut Protocol revolutionizes crypto payments with a fully decentralized self-custodial protocol, offering cross-chain and offramp transactions via payment links. With support for 20+ blockchain networks and plans for expansion, Peanut aims to simplify the crypto experience. Non-custodial and permissionless, Peanut empowers users with control over digital assets. Leading blockchain projects utilize Peanut’s technology to enhance user experience.

Read more at Investing.com: Peanut releases instant offramp By Chainwire