Solana Red’s most popular wallet, Phantom Wallet, announced today, September 30th, its new feature launch, the Phantom Cash.
With this update, wallets allow you to manage both cryptocurrency and Fíat money using a Stablecoin called Cash.
The stable currency is backed and linked by the US dollars of the Solana network and can be used for daily transactions within the wallet ecosystem.
“Your Phantom Wallet is no longer just cryptocurrency,” the developer says. Additionally, it shows: «The existing stubcoins are not designed daily, so we created what we need. Soon, users can use cash to purchase on stripe trading (online payment platform).
After that, the phantom Plans to enable passive yields on balances not spent on cashno occlusion or additional steps are required. It is still unknown from the date this particular feature is enabled.
This represents an attempt to integrate traditional financial features into the wallet, but we are still trying to see which levels of adoption will achieve this new feature.
Phantom Cash will be its first launch in the US, with the exception of New York and Alaska. Interested users can register via the Cash tab of the Phantom Mobile application.
The expected access to Phantom cash has been restricted and for now, Those interested can only be registered on the waiting list. The official launch is scheduled for next month.
The platform provides immediate bank funding. Users can connect their bank account or card to available funds.
Additionally, you can use Phantom Balance where Visa is accepted either with Apple Pay, Google Pay, or a virtual Phantom debit card (and immediately physical).
With Phantom Cash, the wallet team continues to expand its capabilities. It was the latest Incorporating a permanent future and tokenized action in Solanaa novelty reported by Cryptootics.
