#crypto #exchanges Deutsche Börse will add stablecoins from | Virtual Traders on Binance Square

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#crypto #exchanges Deutsche Börse will add stablecoins from SocGen to its main market systems

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World App, the wallet application for the Worldcoin (WLD) ecosystem, has launched a pilot program for virtual bank accounts. This new feature is designed to bridge traditional finance with the crypto economy by allowing users to receive direct deposits like payroll directly into their World App. Here are the key details about this pilot launch: * Functionality: Users participating in the pilot are issued unique virtual account numbers. These can be provided to employers or other entities to receive direct deposits in fiat currency (like USD). * Automatic Conversion: Once funds hit the virtual account, they are automatically and immediately converted into USDC, a major dollar-backed stablecoin. This happens without the sender needing to interact with blockchain technology. * Key Benefits for Users: * Direct On-Ramp: It simplifies the process of moving money into the crypto ecosystem. * Fee-Free: Reports indicate there are no fees for receiving these direct deposits. * Usability: Once converted to USDC, users can hold, send internationally, or spend the funds instantly through the app. * Availability: The pilot is currently live in the United States. The company has indicated plans to expand the feature to other countries in future phases. * Partnership: The service is being offered in partnership with Lead Bank, a U.S.-based chartered bank that handles the traditional banking side of the transaction. #BTCVolatility #CryptoIn401k #ProjectCrypto

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