Breaking News: Kresus Unleashes Zero Network Fee Crypto Cash-Out

Sep 14, 2023

Kresus, the comprehensive crypto and NFT super-app, introduced its latest crypto off-ramp services this Tuesday, ushering in a top-tier withdrawal experience within the industry. According to their official statement, Kresus' innovative cash-out service promises users the ability to make substantial one-time withdrawals without incurring any network fees. On the platform, users can comfortably withdraw up to $100,000 in a single transaction to their bank accounts, completely free of network charges.

This zero-fee advantage is made possible through Kresus' strategic partnership with Coinflow Labs, harnessing the latter's robust infrastructure to streamline operational costs. Unlike other crypto off-ramp platforms that rely on intermediaries for withdrawal processes, Kresus leverages on-chain infrastructure, ensuring that no additional costs are passed on to the end user. By employing Coinflow Labs' infrastructure, Kresus conducts the majority of the cash-out operation on-chain while minimizing intermediary involvement.

This service is available in all 50 U.S. states, offering crypto users across the nation a seamless method to convert their crypto holdings into their preferred fiat currencies. This recent development aims to eliminate the longstanding barriers to entry that have plagued the industry, eradicating high fees, slow processing times, and low withdrawal limits.

Furthermore, Kresus' new off-ramp service facilitates the conversion of crypto on multiple chains, including digital assets residing on Polygon, Solana, and Ethereum. This feature is particularly beneficial for users who engage in on-chain trading and possess assets in web wallets without a built-in fiat gateway. Additionally, it expedites withdrawal times, as users only need to complete KYC compliance verification once for multiple withdrawals.

This latest advancement is geared towards enhancing market efficiency by expediting transaction settlement, reducing the time gap between agreement and finalization, thereby minimizing costs. The Kresus team believes that offering zero-fee transactions could bridge the divide between the crypto realm and the traditional financial market, making the transition to Web 3 more accessible to the masses.

Finally, users have the flexibility to choose between the free cashout service and a paid option that guarantees instant ACH off-ramping. This choice empowers individuals to select the solution that best aligns with their specific needs and preferences.

Originally Published By: CRYPTO NEWS BTC