Hi all,

Tommy from AllArk here.

We’ve been serving the community by giving out an easy way to cash out XMR using

Bank Wires,

Cash By Mail and

Debit Cards since 2022.

Usually our cash by mail has a focus on the US but we have gotten a lot of requests from the European community or people who travel.

To this end, we have tied up with EU OTC desks to support XMR sellers in the EU to cash out using Cash By Mail anywhere in the European Union. :)

Cash can be shipped anywhere in the EU, tracked and insured with delivery within 72 business hours or less.

We’ve been testing them out in beta and have gotten good feedback.

Hope this helps some of the XMR Trader community in Europe to cash out or use their XMR. :)

Also, check out our Crowdfunding platform to raise funds in XMR for your proposals. :)

Have a great day!

Tommy from AllArk

PS: We are also going to announce our new Monero Swap Bridge…swaps are unlinkable across blockchains as they are converted to XMR and then converted to receiving asset. :)

  • LemmyHead@lemmy.ml
    1·
    1 year ago

    A few questions:

    What about the fees that are involved when e.g. getting a debit card and using it? I couldn’t immediately see it via mobile.

    What about fees of bank transfers?

    Is your Dex gonna support xmr sometime?

    What’s your goal with the stablecoin and ETH xmr wrapper?

    Thanks for answering at least some of the Q

    • AllArk.io@monero.townOPEnglish
      21·
      1 year ago

      Hi,

      1. Fees are in the FAQ. Usually from 0%-3.5% depending on the payment method. We do not convert XMR to stables so volatility affects trades slightly.

      2. The XMR dex is a priority for us, we are looking at ways to either incorporate atomic swaps or work with existing projects or contribute to them so we can integrate the solution :)

      3. The goal of XUSD and WXMR is to allow DEX trading on ETH to allow real price discovery instead of the naked shorting by CEXes that do not hold XMR. XUSD and WMXR can both be redeemed both for XMR or straight cashed out with KYC. XUSD’s purpose is to give an avenue of stability for WXMR holders on chain or those who wish to mint WXMR and convert to stables, we will be working on introducing an XUSD-DAI pool as well in the future. Lastly, all WXMR are backed 1:1 by XMR. Eventually we aim to use #2 to develop a trustless bridge between XMR and ETH. :)

      Regards