The integration lets SecondFi users send and receive money across borders, pay bills, and move funds into bank accounts, mobile wallets, or gift cards, all from one app.

SecondFi, EMURGO's self-custody neofinance platform, today launched an integration with Encryptus that lets users convert crypto into local currency and send it to a bank account, mobile wallet, or gift card in approximately two minutes, with no separate exchange step, no reliance on SWIFT and at a fraction of the cost of traditional banking corridors.

Encryptus, a licensed crypto-to-fiat infrastructure provider, runs its own payments network through direct integrations with banks and financial institutions in 90+ Countries. That direct architecture is what makes two-minute settlement possible at a price point that works for everyday users. Through the integration, SecondFi users can buy crypto with regular money, convert balances into Yen, Rupees, Dollars, Euros, and other local currencies, and send funds across borders to a bank account.

SecondFi is built for spending, trading, earning yield, and saving, with users in control. It is designed for people who want the benefits of crypto and stablecoins without managing the complexity behind them.

Holding crypto is one thing. Sending, spending, and converting it the moment money has to move is what makes it useful. For a nurse in the United Kingdom sending part of her salary home to family in Nairobi, stablecoins are the bridge. With SecondFi, the money lands in their M-Pesa wallet as Kenyan shillings in less than two minutes. The integration with Encryptus Network allows users to send even micro payments within minutes.

With Encryptus inside SecondFi’s neofinance application, users can move from crypto to local money instantly through bank wires globally, mobile wallets in 39+ locations, and gift cards and mobile data and minutes in 115+ locations, without first routing funds through an exchange.

"SecondFi is built for people who want their money to work across borders, currencies, and everyday life. Encryptus closes the gap between holding value digitally and accessing it locally, which is what makes SecondFi practical for the way people actually live and spend."

— Phillip Pon, CEO of EMURGO

For Encryptus, the partnership brings its payout network into a product designed to make digital assets easier to use. It connects the stablecoin use cases already emerging in these markets with the bank accounts, mobile wallets, and local methods people still rely on. The global average cost of sending remittances as per the World Bank is approximately 6.3%; SecondFi and Encryptus are committed to bring down the global remittance cost by more than 4 times to just 1.5%

“Stablecoins are becoming an important bridge for users who need digital dollar access and more flexible ways to move value, especially in emerging markets. Supporting SecondFi helps connect that value to the payment methods people already use every day."

— Shantnoo Saxsena, CEO and Founder of Encryptus

What this means for users:

• Cross-border transfers in minutes: Through the Encryptus integration, SecondFi users can convert crypto into local currency and complete cross-border transfers in approximately two minutes.

• Cost Efficiency: By bypassing intermediary correspondent banks, SecondFi and Encryptus reduces transaction fees by over 4 times.

• Yield on stablecoin balances: SecondFi users can earn yield on stablecoin holdings (USDC/USDT)  within the platform, with funds remaining accessible for spending or withdrawal at any time.

• A hedge against local currency volatility: Users can hold balances in digital dollars to preserve value through inflation or devaluation, converting into local currency only when they need to spend.

• Multichain Support: Integration across several leading blockchains provides users with optimal gas fees and redundancy.

About SecondFi

SecondFi is a self-custodial neofinance platform built for spending, trading, earning, and saving—with users in control. One app, one account, fully yours. The future is on-chain. SecondFi is how you get there. For more information, visit secondfi.io.

About EMURGO

EMURGO is a co-founding entity of the Cardano Blockchain that drives the commercial adoption of blockchain technology and asset tokenization. Through strategic investments, partnerships, and infrastructure development, EMURGO connects traditional finance and Web3, enabling trust, scalability, and the tokenization of real-world assets.

About Encryptus

Founded in 2021, Encryptus has built the next Fintech 2.0 Infrastructure that not only offers fiat liquidity in the emerging markets, but also supports their partners with governance, compliance and fair cost to the end-customer. Encryptus has built one of the industry's largest off-ramp infrastructures, spanning 90+ countries and 50 currencies. For more information, users can visit https://www.encryptus.io.

Disclaimer

Users should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by EMURGO, SecondFi, or Encryptus to invest.

This release has been prepared and provided by SecondFi. The statements and descriptions herein reflect SecondFi’s current view of the partnership with Encryptus and are provided for general informational purposes only. This release does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any financial product, digital asset, security, card program, or investment strategy.

Availability of services may be subject to jurisdiction, eligibility, onboarding, compliance, and partner approval requirements, and may change without notice. Any references to global spending, digital assets, yield, tokenized products, or payment functionality are subject to applicable laws, network conditions, platform terms, and operational limitations.

Users should review the applicable terms, disclosures, and risk information before using any product or service described in this release.