Kresus Launches Crypto Off-Ramp With Zero Network Fees for USDC

Web3 SuperApp Kresus announced via a press release that it had extended its crypto cashout service, allowing users to withdraw up to $100,000 at a time into their bank account - with 0% fees.

In a press release shared with Cryptowisser, the team said this service was enabled thanks to its partnership with Coinflow Labs. The service is now available in 50 US states, making it the most efficient cashout solution of its kind.

Kresus said is now implementing no network fee off-ramping for USDC on select chains. With the enhancements to the Kresus’ off-ramp service, users can now convert crypto that resides on multiple chains into their preferred fiat currency - including leading chains such as Polygon, Solana and Ethereum. 

This feature is useful for individuals trading on-chain, whose assets reside in web wallets that lack a fiat pipeline. With just a one-time verification, Kresus users can make multiple withdrawals without needing to complete KYC each time. In addition to the low exchange fees, this feature has made Kresus the most efficient off-ramp solution on the market.

Most off-ramp services use many intermediaries and pass those costs on to the consumer. However, Kresus is using on-chain infrastructure to cut down costs. The platform does not take a cut, and there is no network fee. It achieves this by integrating with Coinflow Labs, where Kresus has been able to conduct the bulk of the cash-out process on-chain while keeping intermediaries to a minimum. 

While commenting on this latest development, Coinflow Labs CEO Daniel Lev stated:

“Partnering with Kresus, Coinflow empowers users to seamlessly move liquid crypto directly from their self-custody wallets. We believe that users deserve full control over their crypto assets, and our on-chain infrastructure fills the missing piece by offering off-ramping options with minimal fees. We provide both a free offramp and an instant, 24/7/365 priority service.”

On- and off-ramps are regarded as one of the weak links connecting the cryptoconomy to the broader financial system. Enhancing and extending them is seen as critical in making Web3 mass market-ready. 

Kresus’ decision to develop a best-in-class off-ramp was based on these considerations. 

The Kresus SuperApp is part crypto wallet, part portal to the wonders of Web3. Designed for consumers as well as institutions, Kresus is the only app you need for all your digital assets.