Privy has expanded its wallet API to include fiat deposits, automatic stablecoin conversion, and bank withdrawals. The feature uses Bridge for compliant settlement, supporting payment methods such as US ACH and wire transfers, UK Faster Payments, EU SEPA, and Brazil's PIX. Users and businesses must complete KYC or KYB verification to access fiat services. Use cases include stablecoin top-ups, global contractor payments, remittances, and treasury management.
Privy is widening its wallet API with fiat on-ramp and off-ramp features. Users can now put in fiat, have it turned into stablecoins automatically, and cash out to a bank account. Bridge powers the service and takes care of compliant conversion and settlement.
Supported payment methods are US ACH and wire transfers, UK Faster Payments, EU SEPA, and Brazil's PIX. Both individual users and businesses have to clear KYC or KYB verification before they can use the fiat flow. The feature is built for stablecoin funding, global contractor payments, remittances, and treasury management. In plain terms, it connects crypto with traditional finance.
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