Phantom Launches Phantom Cash: A Crypto Wallet for Everyday Spending
Phantom, a leading crypto wallet provider, has unveiled Phantom Cash, a groundbreaking feature that transforms its wallet into a comprehensive everyday money app. This innovation, powered by the USD-pegged stablecoin CASH, aims to bridge the gap between crypto and real-world transactions.
Phantom Cash allows users to instantly fund their accounts, spend using popular methods like Visa, Apple Pay, and Google Pay, trade stablecoins with zero fees, and engage in peer-to-peer payments. This suite of features is made possible by CASH, a fully backed stablecoin issued by Bridge and integrated with Stripe's Open Issuance infrastructure.
The stablecoin platform of Phantom Cash is built on the Solana blockchain, offering an open, neutral ecosystem for both crypto and traditional payments. It provides 1:1 USD backing and enables developers to receive 100% net revenue from its use. Users can also earn passive rewards on idle CASH balances without long-term commitments. Phantom's new product signals a shift in crypto wallets, moving towards full financial platforms that facilitate everyday spending, reducing friction between crypto and real-world transactions.
Phantom Cash, powered by the CASH stablecoin, offers a seamless integration of crypto and everyday spending. With instant funding, various spending options, zero-fee trading, and passive rewards, it pushes crypto use beyond trading and into everyday life. This innovation signals a significant step towards wider crypto adoption and integration with traditional financial systems.
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