Direct Bank and Credit Card Connections Now Available for Smooth Crypto Deposits via Core Wallet
In a significant move towards making Web3 more accessible, Avalanche's native wallet, Core, has launched a new feature that allows users to fund their crypto wallets directly using everyday financial tools like bank accounts, debit cards, and various online services. This onramping upgrade is part of Core's ongoing mission to simplify the process of entering the decentralized finance (DeFi) ecosystem and make it more intuitive and convenient for everyone.
Powered by Meld, this direct onramp eliminates the need to route through centralized exchanges, offering a simpler, more direct path from fiat to crypto. Users can now deposit funds directly inside the wallet, convert those to USDC, and swap into supported tokens across Avalanche and other multichain networks.
Core's user-friendly interface blends the best of Web2 and Web3, providing a smooth digital experience for all users. Akash Gupta, Vice President of Core, stated that the aim is to make onchain access feel as smooth as any other digital experience.
The new feature is available now across Core's mobile app, browser extension, and web platform. It currently supports services such as Coinbase, Stripe, and Transak, with plans to integrate Binance Connect, Revolut, and others to expand global reach.
Core is a self-custody wallet designed for the Avalanche ecosystem, but also supports Bitcoin, Ethereum, and more. Avalanche, an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale, is supported by a global community of developers and validators.
Avalanche's architecture allows for the creation of sovereign, efficient, and fully interoperable public and private layer 1 (L1) blockchains. This makes it an ideal platform for building decentralized applications (dApps) and fostering a vibrant, decentralized digital economy.
For more information, please contact Kaitlin Starcher at [email protected].
[1] Source: Avalanche Press Release, 2023 [2] Source: Meld Press Release, 2023
- The recent update to Avalanche's native wallet, Core, introduces a new feature, enabling users to fund their crypto wallets using common financial tools, bypassing centralized exchanges.
- This innovation, powered by Meld, simplifies the process of converting fiat currency to cryptocurrency, making it possible to deposit funds directly within the wallet.
- Inside the wallet, users can convert funds to USDC and swap into supported tokens across Avalanche and other multichain networks.
- Core's intuitive and user-friendly interface seamlessly integrates features from both Web2 and Web3, aiming to make onchain access as smooth as other digital experiences.
- The onramp feature is currently accessible across Core's mobile app, browser extension, and web platform, supporting services like Coinbase, Stripe, and Transak, with additional integrations planned, such as Binance Connect, Revolut, and others.
- As a self-custody wallet, Core is designed for the Avalanche ecosystem but also supports Bitcoin, Ethereum, and other cryptocurrencies.
- Avalanche, an ultra-fast and low-latency blockchain platform, has a global community of developers and validators who support its development and vision of creating decentralized applications (dApps) and fostering a thriving, decentralized digital economy.
- Avalanche's architecture supports the creation of sovereign, efficient, and fully interoperable public and private layer 1 (L1) blockchains, making it an ideal platform for building dApps and driving innovation in blockchain technology, finance, and beyond.
