Hey, Ka. Fam! We just integrated Fiat Republic as a step toward making crypto and euro (EUR) work seamlessly together, offering our customers a superior solution & experience. As of now, you can enjoy faster, safer, and more reliable EUR transactions, overcoming any of the usual roadblocks.
What Is Fiat Republic?
Fiat Republic is a highly reputable & trusted banking-as-a-service partner that connects crypto platforms with the global banking system. By connecting licensed crypto platforms like Ka.app with trusted banking partners, it helps ensure EUR transactions happen safely and efficiently adhering to regulations.
Why It’s Good News and What’s Changing
We’ve had to pause our cash features for a while due to a recently communicated incident, and now we’re back and even with a few improvements. With the Fiat Republic integration, you’ll be able to:
- Enjoy a streamlined faster verification / KYC process
- Hold a EUR account directly in Ka.app
- Convert between EUR and crypto easily (back and forth, anytime, and within seconds)
- Enjoy a virtual IBAN, which lets you send and receive EUR from external accounts under your name (you can only receive euro from your own external accounts for now)
- Use SEPA Instant which enables much faster transfers compared to before.
- Enjoy having the peace of mind that these services are supported by a reputable partner.
- Benefit from overall low fees.
Future Plans
Our goal has always been to give you financial freedom that works across worlds, both crypto and EUR. We’re continuously working on features that can tighten the connection between both, so your Ka.app wallet becomes even more versatile.
FAQ
How does Fiat Republic work on Ka.app?
Fiat Republic provides the services such as virtual IBANs (International Bank Account Numbers) that let you send and receive money between your verified accounts. You will only interact within ka.app’s platform to use these services.
What is a fiat wallet?
A fiat wallet works like your traditional bank account, but lives inside Ka.app. You can store euros, convert them into crypto, and swap back anytime.
How do I transfer from a crypto wallet to fiat wallet?
Ka.app is a wallet that lets you hold both crypto and eur, so there’s no need to transfer or use two different wallets.
