SEPA aims to make these cross-border transfers around Europe as fast and efficient as a domestic transfer within your own country.
Until recently, wire transfers via SEPA typically took 2 – 3 days to be processed. Thankfully the system has been upgraded so now most transfers only take one working day to be cleared.
Instant SEPA with Eidoo
Eidoo is one of the first wallets to integrate this Instant SEPA feature, which is faster than every regular SEPA transaction. Using this crypto on-ramp feature, you’ll be among the first users worldwide who can buy and confirm your DAI and EDO purchases in minutes, rather than hours (or potentially days).
EDO is the utility token at the center of the Eidoo ecosystem. It simplifies access and interaction with different blockchains and a variety of services, including eidooCROWD, our upcoming staking feature, and Hybrid Exchange.
The DAI stablecoin comes from one of the most exciting and leading projects in the DeFi space, MakerDAO. Through their currency, platforms and tools, Maker is trying to achieve open and equal access to high-quality financial services, including fair credit for everyone. You can start earning interest on your DAI directly through the Eidoo wallet.
And to celebrate Black Friday in Eidoo style, we are offering free Instant SEPA transfers for the next two weeks. That means you can buy as much DAI or EDO as you’d like, and you won’t pay any transaction fees!
You’ll just need to make sure you’ve passed your in-wallet KYC to start cashing in for crypto.
Open or update your app here to get started!