$USDC $BTC $BNB Theo Foresight News, the Backpack Exchange trading platform has just launched a feature for depositing/withdrawing fiat money (USD) with 0% fee, allowing users to seamlessly convert directly between USD and USDC.

New Feature Details:

  1. Support for Bank Wire Transfers:

    • Users can deposit or withdraw USD via electronic transfer.

    • No fees apply for both directions (fiat ↔ crypto).

  2. Payment System Expansion Coming Soon:

    • ACH (USA) and SEPA (Europe) will soon be integrated, allowing access to a diverse range of global users.

    • Goal: Minimizing barriers for cross-border transactions.

  3. Integration of USDC Stablecoin:

    • Direct conversion USD ⇄ USDC in the Backpack wallet without intermediaries.

    • Leverage the stability of USDC for smoother crypto trading.

Benefits for Users:

  • Cost savings: 0% fiat-crypto conversion fee helps optimize profit.

  • Fast speed: Fiat transactions are processed directly on Backpack, without third parties.

  • Globally compatible: ACH/SEPA will soon be enhanced to support more countries.

Backpack's Vision:

Backpack emphasizes that this feature is an important step to:

  • Bridging the gap between traditional and crypto, making it easier for newcomers to access.

  • Competing with centralized exchanges (CEX) like Binance, Coinbase with an optimized experience.