London, UK, December nineteenth, 2024, Chainwire
Harbour, in partnership with Velocity Labs, proclaims the launch of their stablecoin fee system “Magic Ramp”, connecting SEPA Instantaneous fee rails with Polkadot. This collaboration seamlessly integrates TradFi banking techniques into Web3, offering environment friendly, low-cost fee options.
Magic Ramp permits Euros to be despatched from any checking account and acquired as USDC on-chain in lower than 30 seconds, with minimal charges whereas funds held in Web3 wallets could be acquired as Euros in financial institution accounts with the identical velocity. For the primary six weeks following the launch, these bank-to-on-chain transactions can be obtainable for free of charge. By way of this partnership, builders can now concern digital IBANs which are linked to Polkadot pockets addresses and bridge SEPA Instantaneous fee rails in Europe with the Polkadot Asset Hub.
James Brownlee, CEO of Harbour, shared, “Polkadot’s infrastructure permits immediate, low-cost stablecoin transfers, which aligns with our objective of creating blockchain interoperable with conventional banking. This partnership expands the design house for builders engaged on stablecoin-based options.”
Potential use instances embody environment friendly on-and-off ramps for Web3 customers, stablecoin fee gateways for retailers preferring receiving Euros, worldwide payroll, invoice funds, and cross-border remittances.
Nicolas Arevalo, CEO of Velocity Labs, acknowledged “Amongst all of the on-ramp suppliers we’ve labored with, Harbour stood out by mixing the comfort of on-ramps with the velocity and price of CEX on-ramping. It will permit stablecoins in Polkadot to develop into seamlessly accessible with negligible charges.”
Harbour’s Magic Ramp makes it easy for conventional banking entities to combine with Web3 in a manner that addresses sensible challenges in funds to fulfill evolving market wants.
For extra info, customers can go to Harbour.fi or check out the Magic Ramp at https://ramp.harbour.fi/polkadot
For media inquiries, customers might contact Jonathan Duran at [email protected]
About Harbour
Harbour.fi is an revolutionary funds platform bridging conventional banking and blockchain rails with Stablecoins. Harbour is headquartered in the UK with a department in Poland, EU.
About Velocity Labs
Velocity Labs is a core contributor to Polkadot, devoted to remodeling it into the premier platform for DeFi growth in Web3. As strategic companions, we empower builders and infrastructure suppliers with complete help throughout enterprise growth, go-to-market technique, engineering help, and product technique.
Contact
Comms & PR supervisorJonathan DuranDistractive[email protected]
