Decaf Wallet quick guide.

Decaf's new version now supports Stellar send.

Decaf Wallet

A wallet built for everyday people and real life utility.

www.decaf.so

-On-ramp crypto via Solana or Stellar or cash via Moneygram Cash-in (See below)
-On-ramp fiat via ACH: ask support for a US account. Do KYC.
-Anyone can send US$ to that account, including yourself or a company.
-Receive USDC$ equivalent in your wallet 1 for 1.
-Send USDC$ to either a Solana or Stellar address, Kinesis in this case, without fees.
-Off-ramp UDSC 1:1 to a US$ bank account or in Euro in SEPA countries, without fees.
-Off-ramp in supported local currencies via Moneygram Cash-out:

https://support.decaf.so/hc/en-us/articles/12336352919959-In-which-countries-is-Moneygram-cash-in-and-out-available

Voila.

*Edit: Wise works both for on-ramping & off-ramping to US$ accounts.
**Edit2: Memo is now supported on Stellar send.

 

[Lozion]

Decaf now supports instant USDC off-ramps to US & Euro bank accounts!

x.com

x.com

Where are we at with US$ deposits for KMS?

 

[Lozion]

I did a test and got the USDC deposited in my Wise US$ account in 4.5h.

-Uses Same Day ACH.
-1:1 USDC to $US
-No fees to send or receive.

This effectively bypasses the strict "no crypto" stance of Wise..

 

[Rhyno]

-1:1 USDC to $US

Thanks Lozion, I'm going to need to check this out. To confirm, was this USDC stellar sent from KMS?

 

[Lozion]

I had a few USDC in my Lobstr wallet so used those but going from Kinesis to --> Decaf --> Wise should work as well (yes Stellar).

The point is Wise sees a ACH deposit from Bridge who is the Stablecoin engine behind Decaf & incidently were just bought by Stripe:

Stripe announces $1.1 billion acquisition of stablecoin start-up Bridge

Bridge seeks to help financial institutions seamlessly integrate stablecoin technology.

fortune.com

 

[Lozion]

"Withdrawal limits same as the Deposit limits: max 10k per transaction and 100k per month (but they can be increased if needed by doing enhanced kyc)." -Decaf

That can be some serious savings in fees..

 

[Lozion]

How to choose between shared & personal US$ accounts guide:

 

[Lozion]

Cash out USDC to Euros via SEPA – straight to your IBAN account.

x.com

x.com

 

[Lozion]

New currencies to come next week:




They're on a roll!

 

[The Moonshaft]

Thanks for posting the Medium.com article link, Loz. A friend of mine created a Decaf account last week and the Medium article does a good job of explaining the U.S. bank account details. I would expect Decaf to experience significant growth now that there are more choices for stablecoin on-ramps and off-ramps in a myriad of countries. Their new association with Stripe should also bolster their credibility and capability. It's an exciting time for this small company.

 

[Lozion]

Thanks for posting the Medium.com article link, Loz. A friend of mine created a Decaf account last week and the Medium article does a good job of explaining the U.S. bank account details. I would expect Decaf to experience significant growth now that there are more choices for stablecoin on-ramps and off-ramps in a myriad of countries. Their new association with Stripe should also bolster their credibility and capability. It's an exciting time for this small company.

It sure is, I've sent the CTO the link to the BRICSPAY App (he wasnt aware of it) and the Kinesis partner program