Nash has announced the European launch of Nash Cash, its native fiat-to-cryptocurrency onramp. Nash Cash currently enables the buying and selling of USDC to and from the Euro (EUR).
Nash Cash offers 0% fees on cryptocurrency purchases and aims to shield customers from market volatility through protected exchange rates. Purchased assets are deposited to a user’s trading account on Nash Exchange within 24-hours. However, they can be withdrawn for long-term storage.
At present, Nash Cash is available to most users within the European Union (EU), European Free Trade Association (EFTA), and the United Kingdom (UK). Purchases are available via Europe’s SEPA transfer system.
The launch of Nash Cash followed the acquisition of the license required to trade cryptocurrencies for fiat in Europe. On September 11th, Nash announced the addition of its parent company to the FMA of Liechtenstein’s register of regulated exchange bureaus. The license also clears the way for Nash to launch it’s payments platform, NashPay, which will enable businesses to accept payments in cryptocurrency and have the funds settled in fiat.
Looking forward, Nash anticipates adding purchase support for BTC, ETH, and NEO, and accepting payments via credit card. Additionally, the Nash team plans to expand its services to other regions.
The full announcement can be found at the link below: