WhiteBIT and MoneyGram partnership allowed Ukrainians to convert USDC into cash
Date: 2023-08-01 Author: Karina Ziganova Categories: CRYPTO PAYMENTS, BUSINESS
Ukrainians can convert USDC into cash hryvnia, dollar or euro
Based on the Stellar blockchain, the service is the only opportunity to convert cryptocurrency immediately into cash for the WhiteBIT crypto community in Ukraine.
Thus, the company is trying to make the use of cryptocurrencies even more convenient, because it is an opportunity to quickly cash out crypto exchange users from Ukraine. This is one of the next steps in the company's strategy to spread blockchain and cryptocurrencies among the crypto community.
To convert USDC, an authorized user of the exchange needs to go to the main balance of his WhiteBIT account, find USDC and click "Withdraw", and then select MoneyGram as the withdrawal method. Next, you need to select the desired cash currency and go through identity verification in MoneyGram. After confirming the transaction, you can see the control number in the transaction details.
To receive cash at the branch, you need to provide your documents and the control number of the transfer. It should be noted that the conversion rate is calculated by MoneyGram.
To popularize the service, the service will be provided without commission until June 2024. You set the level, and WhiteBIT offers convenient solutions and integrates cryptocurrency into everyday life.
What is known about Whitebit
WhiteBIT is one of the largest European centralized crypto exchanges originating from Ukraine. WhiteBIT was founded back in 2018. The company currently employs 1,000 professionals. There are more than 350+ trading pairs, 270+ assets and 10+ national currencies on the exchange. The highest average daily trading volume is over $2.5 billion.
The mission of the company is to provide convenient and secure crypto services and the widespread adoption of the blockchain world. WhiteBIT together with the National University "Kyiv-Mohyla Academy" and the FACEIT platform.
