PayPaw, the leading provider of prepaid cards on Solana, is redefining what it means to “cash out your crypto.” For years, the de facto method of using your crypto for grocery store purchases, fast food, or paying bills online has been to sell your crypto back into your local fiat currency, and withdraw it to your bank account. This results in long waits, as many CEX such as Coinbase, Binance and Kraken can take 3-7 days to process your withdrawal request before the money is available in your checking account. But why wait so long when you can use Apple Pay, Google Pay and Samsung Pay within just minutes?
How to Turn Your Crypto into Cash
With PayPaw, it’s fast and simple to convert many cryptocurrencies directly into a prepaid Visa or Mastercard, using either the dAPP or Telegram bot. The maximum card value is $10,000 USD, and PayPaw is publicly available for all to use. Anyone holding the listed assets can cash out directly to a prepaid card:
BTC
ETH
BNB (BSC)
SOL
DOGE
BONK
PEPE (ERC20)
SHIBA (ERC20)
Who Can Use PayPaw
Available in over 200 countries, thousands of cards have already been issued – taking on average just 15 minutes to receive digitally. The fees are minimal, at just 3% of the cost of card plus a flat $2 fee, according to the PayPaw official website. In one day alone, PayPaw generated over 200 cards – a number that’s rapidly growing, and sure to bring a smile to $PAW holders’ faces when the planned revenue sharing kicks in.
As for the prepaid cards themselves - customers are clearly embracing the new method of paying for purchases in-person using the prepaid card, instead of waiting up to a week for a cash out to hit their bank account. There is a growing trend on X, formerly Twitter, of PayPaw customers showcasing the prepaid cards in action by recording themselves paying at tap-to-pay registers around the world. One person in the United States paid for their Little Caesars pizza, another in London bought groceries at Saintsbury’s, and another in Denmark purchased snacks from a corner store, to name just a few. In all the videos, they simply tap their phone to pay for their purchase. PayPaw’s prepaid cards can also be used online and almost anywhere Visa and Mastercard are accepted.
Key Use Cases for PayPaw’s Prepaid Cards:
1. Travel cards - Preload for your holiday. Great for anyone outside the EU or States traveling to Europe or the USA. Added security as you don’t need to carry cash.
2. Gifts - Create a card and send it as a gift to family members, friends or children. Great for birthdays, Christmas etc.
3. Remittance - Preload a card for family in another country.
4. Privacy - Make online purchases or exit crypto without exchanges sharing your info with IRS/HMRC etc.
5. Online Services Subscriptions: Use it to pay for subscription services without linking it to your personal information.
6. Freelancers and Gig Workers: Receive payments from clients without revealing personal banking details.
7. Charity Donations: Anonymously donate to charities without disclosing personal information.
8. Temporary Payments: Use for one-time purchases or transactions where you don't want to use your regular credit card.
9. Event Tickets: Purchase event tickets without revealing personal details, especially useful for those concerned about data privacy.
10. Personal Expenses Tracking: Allocate specific funds for different purposes without mingling with personal finances.
11. Emergency Funds: Keep a prepaid card with emergency funds for unexpected situations without risking your main accounts' security.
12. Teen Allowances: Give teenagers an allowance while teaching financial responsibility without exposing them to full bank accounts.
Benefits to PayPaw’s Token Holders
In addition to converting crypto to prepaid cards, all crypto holders can also use PayPaw’s multi chain swap to convert between numerous cryptocurrencies at a discounted rate compared to most competitors. An added benefit for holders of $PAW, the official governance token of PayPaw, is the reduction in fees when using both the multi chain swap and when purchasing prepaid cards. RedBeard, the affectionate lead of PayPaw, has been working behind the scenes with multiple new coins to get $PAW holders airdrops and potentially start offering additional store cards as well. With governance voting set to begin soon, which will decide core aspects of the upcoming revenue share, there may be no better time than the present to research $PAW and determine if you should add it to your holdings.
About PayPaw: PayPaw is a multi-faceted protocol developed on the Solana blockchain, offering users an easy method to offramp crypto into cash and a multi chain swap. The privacy focused approach to offering No-KYC prepaid cards is redefining how payments made with crypto are made.
Disclaimer: The information provided in this article is not a solicitation for investment, or intended as investment advice, financial advice, or trading advice.
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