Kast is making waves in the crypto world with the launch of its new global on-ramp service, allowing users to convert their dollars into USDC, a popular stablecoin, through the SWIFT banking network. Available soon across multiple regions including the U.S., Europe, Asia, and the UAE, this new service provides an easy, low-cost way to get started with stablecoins and crypto.
An on-ramp is a simple way for individuals to move their traditional fiat currencies into the crypto space. For those looking to buy stablecoins, Kast’s on-ramp to USDC offers one of the most cost-effective methods available. With fees as low as 0% and a maximum of just 0.1%, converting your dollars into USDC is far cheaper than most alternatives. These low fees make it accessible to a broader range of users, from crypto newcomers to experienced traders, without the need for large transaction volumes.
At the moment, the minimum transaction amount to use the service is $10,000, but Kast has plans to lower that threshold to $1,000 in the near future, and eventually hopes to eliminate a minimum requirement altogether. This progressive approach means that, soon, it will be easier for anyone to start using USDC with Kast, regardless of their transaction size.
USDC is a stablecoin, meaning its value is pegged to the U.S. dollar. This stability makes it a popular choice for individuals looking for a digital asset that won’t fluctuate dramatically in value. Whether you're sending money to family, paying bills, or looking to make low-risk investments, USDC offers a way to participate in the crypto economy without worrying about the volatility that often comes with other cryptocurrencies. Kast’s on-ramp service helps people easily convert their cash into USDC, creating a convenient bridge between the traditional financial world and the blockchain economy.
Along with the on-ramp, Kast is also introducing a global off-ramp service, allowing users to easily convert their USDC back into traditional currency and send it directly to their bank accounts. The fees for the off-ramp are equally low, ranging from just 0.3% to 0.5%, which is a significant advantage over other services that charge much higher fees for crypto-to-fiat transactions. This low-cost approach is designed to make it easier and cheaper for users to cash out their stablecoins and spend or transfer money, no matter where they are in the world.
Kast’s commitment to making crypto accessible goes beyond just buying and selling. The platform is also launching a crypto card that can be used in over 100 countries. This card allows users to save, spend, or send stablecoins like USDC, USDT, USDe, and KAST directly from their crypto balance. Even better, this card does not require a traditional bank account, making it ideal for those in regions with limited access to banking infrastructure or those who prefer a more decentralized way to manage their finances.
With Kast’s crypto card, users can make everyday purchases, pay bills, or send money to others using their stablecoins. The card works just like a regular debit card, but with the added flexibility of crypto. Plus, since the platform is integrating stablecoins like USDC, users don’t have to worry about market volatility impacting their spending.
Kast’s new suite of services represents a significant step forward in the adoption of stablecoins and crypto worldwide. With low-cost on-ramp and off-ramp services, a crypto card accepted in over 100 countries, and a commitment to increasing accessibility for users with lower transaction limits, Kast is positioned to be a game-changer for crypto enthusiasts, workers, and traders alike.
Whether you’re new to crypto or an experienced investor, Kast’s easy-to-use platform offers an affordable and efficient way to access, use, and spend stablecoins like USDC globally. The platform’s low fees and simple conversion processes are setting a new standard in the crypto space, making it easier than ever to move between traditional fiat currencies and digital assets.
Kast is helping to bridge the gap between traditional finance and the crypto world with its global on-ramp and off-ramp services. The ability to convert dollars into USDC with low fees, combined with the forthcoming global off-ramp and the innovative crypto card, makes Kast an appealing option for anyone looking to take advantage of the benefits of stablecoins. As the service expands to new countries and lowers its minimum thresholds, it’s clear that Kast is building the tools necessary to make crypto more accessible, practical, and user-friendly on a global scale.
November 2024, Cryptoniteuae