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- July Updates - USDC Bank Transfers
July Updates - USDC Bank Transfers
Send USDC to any US bank account or USD account, like a wise. Available to companies based anywhere.
Credits: Midjourney
Utopians!
Kaito here. Each month, I’ll be highlighting new features that are accelerating crypto payments.
Let’s get into it - we’ve split this newsletter into two sections:
Public launches which any user can access
Private beta features, which you’ll have to request access for.
Public Launches
USDC Bank Transfers
Over 220k people saw this tweet. We were covered by Blockworks, the Defiant and the Block. Jeremy, the CEO of Circle even retweeted it.
The TLDR: Any company (whether you’re based in Singapore, US, Dubai, etc) can send USDC to any US bank account (like a Brex, Mercury, Chase, Capital One) or USD account (like a Wise).
Why this feature is special:
We review your application in 3 business days - instead of waiting weeks, you can get approved in days.
There are no limits to sending USDC - instead of sending small chunks of money each day, send thousands (even millions) without headaches.
We take a flat, 0.3% fee on every transaction (no predatory pricing).
Announcing USDC Bank Transfers for Businesses.
Send USDC to any US bank account - available to entities in all countries 🌎.
↳ Pay service providers in crypto
↳ Pay office rent in crypto
↳ Pay your mom in cryptoPay 𝒍𝒊𝒕𝒆𝒓𝒂𝒍𝒍𝒚 anyone who has a US bank account 🧵👇.
— Utopia (@utopialabs_)
7:06 PM • Jul 20, 2023
USDC bank transfers supports a ton of use cases - whether it’s offramping your own crypto revenue, paying your vendors, wiring portfolio companies, etc Watch this 2 minute youtube video below to see how you can get started:
Mobile Payment Form Improvements
One of our most loved features, payment forms (which allows you to streamline expense reimbursements) is now mobile optimized. Contributors no longer need to go on their desktop to request payment!
Private Beta
If you want access to any of these features, dm the person shipping the feature on twitter (I’ve linked their URL’s so it’s easier), or just respond to this email.
Onramps - Jihern (https://twitter.com/jibae_k)
Go from bank account to stablecoins, all in Utopia.
Seamless Swaps - Josiah (https://twitter.com/josiahtullis)
Imagine giving roles on your Safe such as “Give Bob the ability to swap up to $5k of ETH to USDC once a month”, with battle-tested onchain access controls. This has been months in the working - almost there!
Streaming - Josiah (https://twitter.com/josiahtullis)
We’re exploring streaming which is helpful for payroll and vesting purposes. If you’re interested, shoot Josiah a DM.
Any @utopialabs_ user interested in using @Sablier for streaming tokens? We're looking for a partner with whom we can design the integration.
Use cases include vesting, grants, payroll, etc.
— Paul Razvan Berg (@PaulRBerg)
10:55 AM • Jul 26, 2023
And that’s all!
My hope is to make these end of month product announcements exciting, entertaining, and short to the point.
If you have any feedback or questions, you’re always free to respond directly to this email, ping me in Intercom, or dm me on Discord (Kaito | Utopia ⛩#5843)
Let’s accelerate crypto payments, together.
Kaito
P.S: If you’ve been happy with our work and are aware of anyone potentially looking to improve their Safe operations, I’d love it if you pointed them my way. Our business grows entirely by this sort of word-of-mouth, so it’s super-helpful.
You can make a referral either by just forwarding this email to [email protected] and connecting me with them. You’ll each get gasless transactions on your Safe for a month!
Thank you in advance—I really appreciate it!