Phantom launches a one-stop encryption and daily payment solution, Phantom Cash.

On October 1, according to official news, Phantom announced the launch of Phantom Cash, which expands the use of Crypto Assets into everyday life scenarios, allowing users to manage and use funds without leaving the app. Users can instantly deposit by linking their bank or credit card, maintaining control over their funds at all times, and quickly convert Crypto Assets into stablecoin or consolidate multiple Positions into CASH (the US dollar stablecoin on Solana issued by Phantom via Bridge), enabling zero-fee trading. Users can pay in all Visa-accepted scenarios through Apple Pay, Google Pay, or virtual/physical Phantom debit cards, while also enabling virtual account receipts and making deposits through one-time verification with Stripe. In the future, users can also earn passive rewards on unused CASH. The core of Phantom Cash is the stablecoin CASH, ensuring smooth and stable everyday use, and it can be spent globally through the Stripe merchant network in the future. Some features (such as virtual accounts, debit cards, and direct deposits) require completing KYC, handled by Stripe, and Phantom will not access users' personal information. Early access is now open, and users can join the waiting list.