Sphere Labs has introduced the Offload Wallet, a new payment infrastructure aimed at simplifying the conversion of USDC to USD. Users can connect a bank account, generate a wallet tied to that account, and send USDC to receive USD in just one click, with transfers completed same/next day. This service aims to facilitate the seamless transfer of digital currency to traditional bank accounts, available initially on the Solana network for USDC to US and EU bank accounts. Existing Sphere users will need to complete KYC to get started.
Instant global unlock w/ USDC Take your crypto wallet with you anywhere in the world All a merchant needs to do is expose a txn QR code that you scan and approve No intermediaries or processing fees Straight from your wallet to the merchant’s wallet, and fast https://t.co/ys3nXgt0xF
🚨 FOMO IN: Payment infrastructure @sphere_labs introduces the Offload Wallet, with the aim of facilitating the conversion of USDC sending USD to bank accounts. Available starting on @Solana for USDC to US/EU bank accounts. https://t.co/LEZA4TTtdV
BREAKING: @sphere_labs INTRODUCES “OFFLOAD WALLET” - 1. CONNECT A BANK ACCOUNT; 2. GENERATE A WALLET TIED TO THE BANK ACCOUNT; 3. SEND $USDC AND RECEIVE $USDC IN JUST ONE CLICK https://t.co/biEjIuMT3D
Off-ramp on autoplay 🎶. Just send USDC to a pre-generated wallet, and it'll show up in your connected bank account same/next day. If you're already a Sphere user, you'll need to go through KYC to get started. DM me on Telegram to be connected to our onboarding folks 🫡 https://t.co/kJ099fmVmw
💡 What if your wallet *was* your bank? ...Introducing the Offload Wallet 💸 1️⃣ Connect a bank account. 2️⃣ Generate a wallet tied to that bank account. 3️⃣ Send USDC and receive USD in just one click. It's that easy. Off-ramp on auto-play 🎶. https://t.co/mwc62ifUbG
Is there any alternative to Coinbase ($1k onboarding fee) to connect a Business bank account to onramp/offramp USDC?