Kast Launched Global Stablecoin Access with Crypto Card
Imagine sending money globally at a super low cost or getting paid in stablecoins hassle-free—Kast aims to make that a reality.
With Kast’s new global on-ramp service, you can easily convert your dollars into USDC, a popular stablecoin, using the SWIFT banking network.
This new service will soon be available in multiple countries and regions like the U.S., Europe, Asia, and the UAE. Let’s discover more about this crypto card.
What’s an On-Ramp?
An on-ramp is a way to move regular money into crypto. Kast’s on-ramp to USDC lets people turn their cash into this stablecoin with low fees. From 0% up to a maximum of just 0.1%. That’s practically pennies on the dollar, and much cheaper than most other ways to get started with stablecoins.
Right now, the minimum amount to use the service is $10,000, but Kast is already planning to lower it to $1,000 and eventually hopes to drop the minimum completely. In other words, it’s getting easier to start using USDC with Kast, even if you’re not making big transactions.
“Ready?!” @KAST_official will offer global on-ramp to USDC via Swift money transfer for between 0% and a maximum of 0.1%
The minimum is $10,000 but we will drop it to $1000. Eventually, we hope for no minimum at all.
The service will go live this month in one location…
— raagulanpathy (@raagulanpathy) November 11, 2024
USDC is a stablecoin, which means its value is tied to the U.S. dollar, keeping it steady. This makes it useful for people who want to send money, pay bills, or make investments without worrying about big swings in value. Kast’s on-ramp makes it easy for anyone – from workers to traders – to hold and use USDC for everyday needs.
More About Kast’s Crypto Card
Along with the on-ramp, Kast will soon offer a global off-ramp service. This means people can cash out their USDC into regular money and send it straight to their bank accounts. The fees for this off-ramp will be very low too, ranging from 0.3% to 0.5%. This helps people avoid high transfer fees, making it cheaper to cash out and spend money wherever they are.
It’s a program designed to help you earn more as a true fan of KAST. Besides the points you get for referring a friend, you’ll also earn redeemable cash rewards. That means…
– The more you spread the word about KAST, the more you earn.
– The more your friend spends with… pic.twitter.com/c9ebVhWviE— KAST (@KAST_official) November 8, 2024
Kast doesn’t just make it easy to buy or sell crypto – it also has a crypto card that works in over 100 countries! This means you don’t even need a bank account to use it. With Kast, you can save, spend, or send stablecoins like USDC, USDT, USDe, and KAST.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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