Announcing USD bank deposits through STABLY!

A new partnership!

We are super excited to announce our partnership with Stably! They will start on- and off-ramping the American dollar (USD) in beans!

We are slowly building up a network of on/off-ramps that can be integrated into Beans, and Stably is our newest addition! Beans, a non-custodial wallet built on stellar, will work with Stably for on- and off-ramping from the USA. This will mean a streamlined in-app experience to deposit and withdraw from and to your bank account!

Who is Stably?

Stably is a venture-backed FinTech from Seattle, Washington, that provides a regulatory-compliant stablecoin infrastructure and multi-chain fiat on/off-ramps for emerging blockchains like the Stellar Ledger. They enable their users in the US to easily buy/sell stablecoins at competitive rates using traditional payment methods like bank transfers or (credit)cards.

Stably provides a fully regulated on- and off-ramping service in Beans for all US users, issuing the USDC stablecoin on the Stellar blockchain. The issued USD stablecoin is backed 1-to-1 to the real US dollar, and deposit fees go as low as 1$ to get your money on Beans. With support for ACH-enabled US bank accounts Stably will become a trusted partner in the Beans app!

US deposits for Beans users!

With Stably, the US users of Beans will be able to deposit money in their Beans account through traditional methods like bank transfers and credit cards. This means that US Beans users will be able to deposit to Beans and send free transactions worldwide. On the other hand, users from other parts of the world will be able to send transactions to the US, after which Stably will allow them to cash out. With low deposit fees Stably allows more Beans users to start using true blockchain technology through an understandable and easy-to-use interface.

We are super excited to have Stably as one of our partners, and we are excited to push their service through the Beans app. With this partnership Beans will allow users in the US to deposit USD into their wallets, enabling more and more people to experience the advantages of blockchain technology!

So what now…

As we speak, the Stably integration is live! This means you are already able to deposit and withdraw USD to and from Beans using the on- and off-ramp that Stably is providing. You can download the Beans app now on Android and iOS to try out Beans and the Stably onboarding interface, or you can check out the Stably website for more information!