In Côte d'Ivoire, like many emerging markets, freelancers and remote workers often struggle with managing foreign payments. Traditional banking systems can be slow, costly, and subject to fluctuating exchange rates, adding unnecessary complexity.  But now, there's an easier way: USDC (USD Coin), a stable digital currency pegged to the US dollar, offers a smart solution. Freelancers can securely receive international payments in USDC, which can be converted to Ivorian Francs (CFA) when needed.

Here’s how freelancers and remote workers in Côte d'Ivoire can use Grey to convert foreign currencies to USDC.

Also read: How to receive and convert foreign currencies to USDC

Why convert foreign payments to USDC in Côte d'Ivoire?

• Stable value: In Côte d'Ivoire, where the CFA franc can fluctuate, USDC offers a reliable way to preserve value and avoid the volatility associated with other cryptocurrencies.
• Lower transaction fees: By receiving payments in USDC, freelancers and businesses can avoid the high fees often associated with traditional bank transfers or currency exchange.
• Speedy transactions: Thanks to blockchain technology, USDC transactions are processed almost instantly. This means freelancers in Côte d'Ivoire can access their funds quickly.‍
• Flexibility: Freelancers can hold their earnings in USDC and convert them to CFA francs when the exchange rate is most favourable.

Receiving and converting foreign currency to USDC with Grey

At Grey, we’re focused on making global transactions easy for freelancers, digital nomads, and remote workers. With our latest update, you can now convert foreign currency to USDC and transfer it directly to your crypto wallet in over 40 countries. Here's how it works:

1. Open the Grey app: Log in to your Grey account on the web or mobile app.
2. Select your USD balance: Navigate to the “Accounts” section and select your USD balance, which is essential for initiating USDC transfers.

3. Tap “Send via crypto”: Choose the “Send money” option, then select “Send via crypto” to begin sending USDC.

4. Enter transaction details: Carefully fill in the recipient’s wallet address. Choose the correct network, Grey supports Solana (SOL) and Binance Smart Chain (BEP-20) — for successful transfer processing.

5. Input the transfer amount and review details: Enter the amount to be sent. Double-check all information, including wallet address and network, to avoid transaction errors.

6. Confirm and complete the transfer: Once satisfied with the correct details, tap “Send.” Grey will prompt you to enter your two-factor authentication (2FA) code, adding an extra layer of security.
7. Transaction success: The USDC will arrive in the recipient’s wallet after processing. They can keep the USDC, convert it into local currency, or use it as they wish.

Why choose Grey for USDC payouts?

• Instant transfers: Your USDC transactions are sent instantly, so your funds arrive without delay.
• No extra charges: We don’t charge extra withdrawal charges. You are only required to pay the network fee.‍
• Secure and reliable: Your funds are always protected with industry-standard measures.
• Global accessibility: USDC can be sent to over 40 countries, making it easier to manage your finances globally.

How does Grey secure USDC transactions?

Grey secures your USDC transactions by partnering with trusted providers, supporting well-established blockchain networks, and requiring two-factor authentication (2FA) for all transactions. These measures help protect user funds and safeguard account access.

Whether you're handling business payments, freelance earnings, or international investments, Grey’s USDC feature simplifies the entire process. Get started today by creating a free Grey account.

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