Starting today, Phantom is more than just a place to hold and trade crypto. With Phantom Cash, we’re removing the friction of using crypto in everyday life by making it easy to add money to your balance from a bank or card, spend worldwide, pay friends, and (soon) even earn rewards like cash back, all without leaving the app.
Whether tapping to pay for sushi, receiving in-app payments, or sending money across the world in seconds, Phantom Cash makes it feel effortless; and it's all powered by CASH.
A breakthrough (new) money experience
Your crypto should do more than sit in a wallet. Phantom Cash turns your crypto into everyday spending power without the extra steps or friction. It builds on what you already do in Phantom like holding, swapping, and sending while adding new tools to make your money work harder (and faster) for you. Welcome to New Money.
One place for all your money
Whether your money starts on or offchain, Phantom Cash brings it all together in one app.
- Instant bank funding: Link a bank or card to on-ramp funds and start using them on your terms, for whatever you need.
- Quick sell crypto: Go from crypto to cash in just a few taps. Convert to stablecoins without fees, or roll multiple positions into CASH.
- Make peer-to-peer payments: Pay anyone in the world with a Phantom username instantly, with text-based P2P payments coming soon.
- Phantom Debit Card: Use your Phantom balance anywhere Visa’s accepted with Apple Pay, Google Pay, or a virtual (and soon physical) Phantom Debit Card.
- A virtual account to get paid: Enable deposits to your virtual account with one-time verification powered by Stripe.
- Earn on eligible balances: Later this year put your money to work by passively earning rewards on unspent CASH without lockups or extra steps.
KYC is not required to use on-chain Phantom Cash features; however, certain off-chain features like virtual accounts, receiving direct deposit and the virtual/physical debit card do require KYC to meet regulatory requirements. KYC is performed by Stripe, Phantom will not have access to your personal info.
Powered by CASH
At the core of Phantom Cash is CASH, a fully backed, USD-pegged stablecoin on Solana that keeps your spending experience seamless, stable and ready for everyday use. Existing stables weren’t built for everyday life, so we built the one we wanted. And soon users will be able to use CASH make purchases with any Stripe merchant via Checkout. For more info on CASH visit www.useCASH.xyz.
Ready to experience New Money?
Early access to Phantom Cash is limited, but you can join the waitlist today and be one of the first to spend, send, and save using Phantom Cash when it rolls out next month.
Join the waitlist on phantom.com/cash
The Prepaid Debit Visa Card (the “Card”) is issued by Lead Bank pursuant to licensing by Visa U.S.A. Inc. and may be used everywhere Visa is accepted. Must be 18 or older to apply. Fees may apply. See Cardholder Agreement and Phantom Technologies, Inc.'s ("Phantom") website for more details.
Bridge Ventures LLC (“Bridge”) is not a bank. Bridge is a financial technology company and is the Program Manager responsible for managing and operating the Card on behalf of Lead Bank. Phantom is not a bank. Phantom is a financial technology company and is the Platform Provider responsible for the application, access, and management of/for the card.
This post is not intended for UK audience. Phantom Cash availability varies by jurisdiction.