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Kast Expands Global Payouts to Additional Local Currencies Including GBP and EUR
KAST, the global financial platform built on stablecoin rails, has expanded Global Payouts, allowing users to convert and spend stablecoins around the world. This expansion further enables KAST users to earn globally and send locally in one place.
Global Payouts in the KAST app has expanded its global reach with 11 new currencies being added for local payouts. This follows the initial launch earlier this year as KAST seeks to build a global neobank on stablecoin rails designed for real world, everyday financial needs.
Currencies added to local payouts on the KAST App include GBP (UK), EUR (SEPA), and CAD (Canada) as well as multiple currencies in the Asia Pacific region: IDR (Indonesia), VND (Vietnam), PHP (Philippines), THB (Thailand), MYR (Malaysia) and other local currencies. Additional currencies are NGD (Nigeria) and TRY (Turkey).
Global Payouts in local currencies makes it simple for immigrants living abroad sending money home, crypto earners, freelancers, and traders to access digital earnings in stablecoins without relying on exchanges or complex off-ramps. This feature connects KAST accounts directly to numerous global payment networks, allowing users to send their stablecoins to their bank account in their chosen local currency.
The expansion to new local currencies means that more people earning and spending across borders can easily access and spend their digital earnings. For example, someone working remotely in Indonesia can get paid in stablecoins to their KAST account and then cash out to IDR to cover their local spending.
Raagulan Pathy, Founder & CEO at KAST, said: “The expansion of Global Payouts to even more countries and currencies reflects how quickly we are scaling stablecoin-powered global money movement. We are building financial products for people who are relentless in their pursuit of growth and we’re matching that energy with how quickly we are building. KAST users can now easily convert digital earnings into local currencies, whether they are spending on a short-term let in Bali or paying for dinner anywhere in Europe. All within one app and without friction.”
To mark the product expansion at KAST, the fees for SWIFT payouts over 5,000 USD are all waived for a limited period to offer customers the chance to try the international transfer feature.
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