For freelancers in Rwanda working with clients worldwide, having an easy way to receive and convert payments is crucial. USD Coin (USDC), a stable digital currency tied to the U.S. dollar, provides a reliable solution. With USDC, freelancers can securely receive international payments and preserve their value.

This guide explains how freelancers in Rwanda can use Grey to receive foreign payments in USDC and easily access their earnings in local currency.

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

Why convert foreign payments to USDC in Rwanda?

• Stable value: USDC is tied to the U.S. dollar, ensuring your earnings maintain consistent value even when local currencies fluctuate.
• Low fees: International transfers via traditional banking can be expensive. USDC offers significantly lower transaction costs, making it an affordable option for global payments.
• Quick access to funds: Blockchain technology ensures near-instant processing, so freelancers in Rwanda can access their earnings without delays common in bank transfers.
• Global financial access: Holding USDC opens doors to digital financial services like crypto investments and lending, empowering Rwandans to tap into global opportunities

Receiving and converting foreign currency to USDC with Grey

At Grey, we’re dedicated to simplifying global transactions for freelancers, digital nomads, and remote workers. With USDC, you can now convert foreign currency to USDC and transfer it straight to your crypto wallet in over 40 countries. This new feature is perfect for anyone handling cross-border payments, offering secure, efficient, and affordable currency exchange.

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.

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 keep USDC transactions safe? Grey keeps your USDC transactions safe by working with trusted providers, using reliable blockchain networks, and requiring two-factor authentication (2FA) for all transactions. These steps help protect your money and secure your account.

Whether you're receiving payments from abroad or managing freelance income, Grey makes global transactions simple.  

‍Sign up for a free Grey account today and experience global banking made easy for you.