cashingout.eth

Hey all, this is Yanni from Wyre, I'm one of the founders. We’re on a mission to help lower the barriers to entry for crypto/fintech entrepreneurs by offering them compliant ports into a regulated fiat world. Basically, giving everyone an API to build faster :) As part of this ongoing effort, last week, we opened up our API to programmatically assign blockchain addresses to all bank accounts. When crypto is sent to those addresses, it's automatically converted to fiat and immediately sent to that bank account. This functionality is perfect for people who are accepting crypto donations and want the funds to be automatically liquidated back into fiat without wanting to login to an exchange to make the trade/withdrawal. The Wyre team got a little creative, and we decided to put together this cashingout.eth product to help content creators + gamers with their online donations. We're using the widely accepted Ethereum Naming Service (https://ens.domains/) to create easy to remember domains that are connected to their bank accounts. So now, if "Ninja" wants to accept crypto donations, he can register ninja.cashingout.eth and when his fans send crypto there, it's automatically liquidated and sent to his bank account. He's never touched crypto and has been paid in fiat automatically :) We also see this being used in the webcam/adult industry, which is notoriously difficult to receive payments from viewers. We charge a 0.75% fee and it's available in the USA right now - more countries coming soon! Thanks!

18 upvotes... wtf

...19 :)