The new feature enables users in 119+ countries to get paid USD and EUR directly into Sling Money
Sling Money, the app making global money movement instant and low-cost, launched US and European Virtual Accounts, marking an expansion beyond peer-to-peer transactions to enable users to receive payments for freelance, project-based, or salaried work with ease. These accounts are provisioned by Bridge, a regulated financial infrastructure provider recently acquired by Stripe for $1.1 billion.
Financial Technology Insights: BoomFi & Paytiko Partner to Enable Global Crypto Payments
Sling Money users around the world can now access a US account and routing number or a European IBAN, meaning they can get paid like a local in both USD and EUR, directly into their Sling Wallet. USD accounts leverage ACH and wire rails, while EUR accounts operate over SEPA including SEPA Credit and SEPA Instant to ensure fast, reliable deposits.
Bridge automatically converts incoming payments into USDP (Pax Dollar) or EURC (Euro Coin) and transfers them into the user’s Sling Wallet. From there, users can choose to hold incoming payments as stablecoins within the app, withdraw them as stablecoins including USDC, USDP, and EURC or convert them into local currencies for a negligible fee via Sling Money’s extensive network of instant payment partners.
Financial Technology Insights: Frontier Wave Unveils QuantFrame AI Led by Silas Wainwright
This feature unlocks a new level of utility for freelancers, remote workers, global nomads, creators, students studying abroad, and cross-border families who previously relied on slow, fee-laden intermediaries to receive international payments. With Virtual Accounts, users can now receive wages, payouts, reimbursements, or transfers natively.
“This is one of the first times a consumer wallet has made it possible for users worldwide to receive payments from the US and Europe using local account details, instantly tokenize those funds into stablecoins, and then move or spend that money globally all within a single app,” said Mike Hudack, co-founder and CEO of Avian Labs, Sling Money’s parent company. “Sending money is only half the equation for an inclusive global financial system. Now, we’re making it just as easy to get paid.”
The access to both real-time, low-fee transfers and Virtual Accounts makes Sling Money a complete solution for modern global earners. For senders, paying into a Sling Money account feels just like making a regular deposit.
Financial Technology Insights: Kraken & Backed Launch xStocks on Solana for Tokenized Equity
Since its launch, Sling Money has expanded its global footprint across the U.S., Europe, Africa, and beyond, enabling users to send, receive, and convert funds in seconds using stablecoin technology and fiat integration. Recently, Sling Money also secured its Markets in Crypto Assets Regulation (MiCA) license and introduced EURC (Circle’s euro-backed stablecoin), a testament to its compliance and growth in Europe.
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com
Source: businesswire
