Freelancers in Slovakia now have a simpler way to handle international payments. With USD Coin (USDC), a digital currency tied to the U.S. dollar, they can securely receive money from global clients, keep their earnings stable, and easily convert them to euros when needed.

This guide shows how freelancers in Slovakia can use Grey to receive payments in USDC and access their money with ease, simplifying global transactions like never before.

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

Why convert foreign payments to USDC in Slovakia?

• Stable value: USDC is pegged to the U.S. dollar, providing a consistent value that protects your earnings from fluctuations in the euro or other currencies.
• Low fees: Traditional international transfers can be costly. USDC offers significantly lower fees, making it a cost-effective choice for freelancers and businesses in Slovakia.
• Quick access to funds: Thanks to blockchain technology, USDC transactions are processed almost instantly, avoiding delays common with standard bank transfers.
• Global access: Holding USDC gives Slovaks access to digital financial tools like crypto investments and lending, unlocking opportunities in global markets.

Receiving and converting foreign currency to USDC with Grey

At Grey, we’re dedicated to making global transactions easy for freelancers, digital nomads, and remote workers. With this feature, you can now convert foreign currency to USDC and transfer it straight to your crypto wallet in over 40 countries.

1. Open the Grey app: Log in to your Grey account through 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 in Slovakia?

• Instant transfers: Your USDC payouts arrive instantly, ensuring quick access to your funds.
• No extra charges: Grey only requires you to pay the network fee—no hidden withdrawal charges.
• Secure and reliable: Industry-standard measures keep your funds safe and your transactions secure.
• Global accessibility: Send USDC to over 40 countries, making it easier for Slovaks to manage their finances across borders.

Wrapping up

Grey makes managing business payments or freelance earnings in Slovakia effortless. With USDC, you can enjoy seamless and borderless banking like never before.

Open your free Grey account today and experience limitless global banking tailored to your needs.

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