Wednesday, July 24, 2024
30.1 C
Los Angeles

How to assess a general-purpose AI model’s reliability before it’s deployed | MIT News

Foundation models are massive deep-learning models that...

El Salvador: Rights Violations Against Children in ‘State of Emergency’

El Salvador’s state of emergency, declared in...

Vietnam: New decree on cashless payments

On 15 May 2024, the Government officially...

Kresus Expands Crypto Cashout Service with No Fees, Offering Up to $100,000 Withdrawals to US Customers

CryptoKresus Expands Crypto Cashout Service with No Fees, Offering Up to $100,000 Withdrawals to US Customers

Kresus, the Web3 SuperApp, has expanded its crypto cashout service to allow customers to withdraw up to $100,000 into their bank accounts with no transaction fees. In collaboration with Coinflow Labs, this service is now available in all 50 US states, establishing itself as a cost-effective cashout option for cryptocurrency holders.

Historically, crypto holders have faced challenges when converting digital assets into fiat due to high fees, slow processing times, and restrictive withdrawal limits. Kresus is now offering a fee-free off-ramping feature for USDC on certain blockchain networks.

Coinflow Labs CEO Daniel Lev emphasized the importance of giving users control over their crypto assets, with the infrastructure offering minimal fee options for off-ramping. They provide both a free offramp and a 24/7 priority service.

Kresus’ off-ramp service has been enhanced to enable customers to convert cryptocurrencies from various blockchain networks into their preferred fiat currency, including Polygon, Solana, and Ethereum. This is particularly beneficial for on-chain traders who store assets in online wallets without direct fiat connections. Kresus simplifies the process with a single verification step, eliminating the need for repeated Know Your Customer (KYC) procedures.

Kresus stands out in the industry by offering competitive exchange rates and a cost-efficient off-ramp approach. Unlike other services, Kresus leverages on-chain infrastructure to reduce costs by eliminating intermediaries, ensuring no commissions or network charges. Their integration with Coinflow Labs streamlines the cash-out process on the blockchain, reducing fees and allowing crypto holders to maximize the value of their digital assets.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

Check out our other content

Ad


Check out other tags:

Most Popular Articles