Harbour, collaborating with Velocity Labs, unveils the launch of their innovative stablecoin payment system “Magic Ramp”, seamlessly bridging SEPA Instant payment rails with the Polkadot ecosystem. This partnership effortlessly merges traditional finance banking frameworks with Web3, delivering streamlined, cost-effective payment solutions.

Magic Ramp enables seamless transfers of Euros from any bank account, converting them into USDC ($1.00) on-chain in under 30 seconds, all while keeping fees to a minimum. Additionally, funds stored in Web3 wallets can be swiftly converted back to Euros in bank accounts, maintaining the same rapid processing time. During the initial six weeks post-launch, us...