Phantom introduces an all-in-one crypto and everyday payment solution, Phantom Cash.

BlockBeats News, October 1st, According to official sources, Phantom has announced the launch of Phantom Cash, extending cryptocurrency usage to everyday scenarios, allowing users to manage and use their funds within the app without needing to leave. Users can link their bank account or credit card for instant deposits, maintain control of their funds at all times, and quickly convert cryptocurrency to stablecoins or consolidate multiple positions into CASH (a Solana on-chain USD stablecoin issued by Phantom through the Bridge), enabling fee-less trading.

Users can make payments at all Visa-accepting locations using Apple Pay, Google Pay, or a virtual/physical Phantom debit card, while also enabling virtual account receipts and making deposits through one-time verification with Stripe. In the future, users will also be able to earn passive rewards on unused CASH.

The core of Phantom Cash is the stablecoin CASH, ensuring smooth and stable daily use, which can also be spent in the future through the Stripe global merchant network. Some features (such as virtual accounts, debit cards, and direct deposits) require KYC completion handled by Stripe, with Phantom not accessing user personal information. Early access is now open, and users can join the waitlist.