Waves.Exchange launches fiat gateway
During the initial period, no commission fees will be charged to users who buy crypto with their cards.
On February 14, we are launching a gateway that enables users to buy cryptocurrency with their credit and debit cards, in partnership with Advcash (ADV), a payment platform combining crypto, fiat and prepaid card features.
For the initial period, no fees will be charged — meaning that if a user pays $100 by card, 100 Neutrino Dollars (USDN) will be credited to their account.
Solution to fiat problems
The fiat gateway aims to simplify access for a wide range of users to decentralized financial tools developed on the Waves platform.
In the introductory stage, only USDN will be available for purchase by card. Other cryptocurrencies, including WAVES, will be added soon. Users can, of course, immediately convert USDN into any other currency on Waves.Exchange, paying only a small fee of 0.003 WAVES (less than $0.01) per transaction.
By buying USDN without paying any conversion fees, users therefore also gain the opportunity to buy any cryptocurrency (such as BTC, ETH, etc.), commission-free!
The process of buying crypto with cards is extremely simple. Users only need to go to Waves.Exchange’s staking page and hit the ‘Buy with card’ button in the upper left corner.
Investment opportunity
One important difference to our fiat purchase options than those offered by other exchanges is that USDN bought by users for fiat can immediately be staked without transferring control to third parties.
Waves.Exchange’s staking model is based on the Waves platform’s Proof of Stake (PoS) consensus algorithm. In this system, rewards are paid out for the generation of every block. Part of the block generation reward is paid to stakers, providing them with a return of up to 20% annually. As the stablecoin market develops, this figure may increase further.
Waves.Exchange’s staking functionality is therefore an investment tool that protects investors from the volatility of crypto exchange rates, since USDN is algorithmically pegged to the US dollar.
Similarly, this staking model offers an extra degree of security, since users retain full control of their funds and operations on them are carried out through an independent public smart contract.
Meanwhile, users can cancel their USDN stake at any time and withdraw their tokens.
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