We’re excited to announce that Palremit has expanded its supported blockchain networks to include ERC-20, BEP-20, and Solana (SOL).
This addition allows our users to send and receive an even wider range of cryptocurrencies, enhancing the flexibility and utility of our remittance platform.
What This Means for You
More Options: With the addition of these popular networks, you can now transact using USDT stablecoin built on Ethereum (ERC-20), Binance Smart Chain (BEP-20), and Solana blockchains.
Lower Fees: By supporting multiple networks, we’re giving you the ability to choose the most cost-effective option for your transactions.
Faster Transactions: Particularly with the addition of Solana, known for its high speed and low transaction costs.
Broader Reach: These networks are home to some of the most widely used cryptocurrencies and tokens, expanding the pool of potential recipients for your remittances.
Network Overviews
ERC-20: The standard for Ethereum-based tokens, ERC-20 is home to many popular cryptocurrencies and stablecoins.
BEP-20: Binance Smart Chain’s token standard, known for its low fees and fast transaction times. The withdrawal fee for sending at least 5 USDT using BEP-20 on Palremit is 0.33 USDT.
Solana (SOL): A high-performance blockchain offering fast transactions and low fees, gaining popularity in the DeFi and NFT spaces.
How to Use the New Networks
Using these new blockchain networks to send and receive crypto is simple. When sending or receiving USDT, you’ll now see additional options in the network selection dropdown.
Choose the network (BEP-20, ERC-20, TRC-20, or SOL) that corresponds to the network you’re sending USDT to, or receiving from. Then, proceed with your transaction as usual.
Security Reminder
As always, please double-check the network and address when sending transactions and use only the appropriate blockchain network address when you receive funds. Sending tokens to the wrong network can result in loss of funds.
We’re constantly working to improve Palremit and provide you with the best possible remittance experience. Stay tuned for more updates and new features coming soon!
Questions or feedback? Don’t hesitate to reach out to our support team.
Getting Started?
Download the Palremit app on Google PlayStore to start enjoying seamless financial transactions on the go. You can swap money between USDT and other local currencies on the app now. Start using your money without borders.
