- December 3, 2019
- Posted by: icoblock
- Category: Uncategorized
Eidoo is always on the lookout to find faster and better ways to connect users to crypto. That includes the easiest routes to buying all the digital assets, without going through the hassle of exchanges.
For all of the European users, Eidoo is taking this one step further with Instant SEPA transfers, so that people can buy $DAI and $EDO in a matter of minutes!
What is SEPA?
SEPA stands for Single Euro Payments Area. It’s an established system for cross-border Euro bank transfers between countries in the Eurozone and a few others which also support Euro bank transfers.
SEPA aims to make these cross-border transfers around Europe as fast and efficient as a domestic transfer within your own country.
Until recently, wire transfers via SEPA typically took 2 – 3 days to be processed. Thankfully the system has been upgraded so now most transfers only take one working day to be cleared.
Instant SEPA with Eidoo
Eidoo is one of the first wallets to integrate this Instant SEPA feature, which is faster than every regular SEPA transaction. Using this crypto on-ramp feature, users will be among the first users worldwide who can buy and confirm DAI and EDO purchases in minutes, rather than hours (or potentially days).
EDO is the utility token at the center of the Eidoo ecosystem. It simplifies access and interaction with different blockchains and a variety of services, including eidooCROWD, our upcoming staking feature, and Hybrid Exchange.
The DAI stablecoin comes from one of the most exciting and leading projects in the DeFi space, MakerDAO. Through their currency, platforms, and tools, Maker is trying to achieve open and equal access to high-quality financial services, including fair credit for everyone. You can start earning interest on your DAI directly through the Eidoo wallet.
And to celebrate Black Friday in Eidoo style, the Swiss company is offering free Instant SEPA transfers for the next two weeks!