KAST launches KAST Pay and Global Payout capabilities to power global stablecoin finance

• The all-in-one payment solution, KAST Pay, will allow users to send and transfer money instantly to local and global bank accounts at a better rate than existing money transfer services.
• With a new Global Payouts feature, KAST users can now convert earnings in stablecoin from wallet to bank directly into their chosen local currency.
• As stablecoins usage gains momentum globally, KAST's latest product updates are enabling users to stay in greater control of their money across the globe.

KAST, the global financial platform built on stablecoin rails, has launched an all-in-one payment solution, KAST Pay, and added Global Payout capabilities to bridge crypto and traditional finance. Users can now instantly convert, transfer and mobilise funds across crypto and fiat rails so they can earn globally and spend locally without relying on traditional banks or multiple apps.

What KAST Pay Does

Through the KAST Pay app, users can receive and send money to local bank accounts in USD, BRL, INR, PHP, THB, VND, and other supported currencies. Users will benefit from better rates and faster delivery than traditional money transfer. Additionally, users can transfer funds instantly to other KAST users with zero fees using KAST Tags, a unique handle that lets anyone send money instantly, securely, and completely free.

How Global Payouts Works

Global Payouts in the KAST app, will make it simple for freelancers, traders and founders to access digital earnings in stablecoins without relying on exchanges or complex off-ramps. This feature connects KAST accounts directly to a regulated global payment network, allowing users to cash out their stablecoins to their bank account in their chosen local currency. Stablecoins are securely converted through a licensed partner's FX network, and funds are sent directly to the recipient's bank account. Every payout shows FX rates, fees, and timelines upfront so users know exactly how much they will receive and when it will arrive.

Built for Real Life

These latest product updates are the latest step in KAST's mission to build a global bank on stablecoin rails which serves people and real-life needs. A freelancer can receive a US client payment in USDC directly to their KAST account, then cash out to local currency to cover urgent expenses. Friends can split a bill in seconds by sending their share via KAST Tag with zero fees.

Traditional banking wasn't built for how people live and work today. Modern day founders freelancers and creators will earn globally in stablecoins but also need to pay bills in local currency. Existing financial services don't serve these needs and most have to juggle exchanges and bank transfers just to access their own money.

KAST Pay and Global Payouts are two examples of how we are building a full cross-border financial platform. We're giving the users what they need, one app for everything: crypto to cash, global transfers and local payments, with fees and settlement times shown upfront. Their money works when they need it, not only when banks decide to open. Our users can move digital earnings from wallet to bank in a few clicks, control when they cash out, and keep more with zero-fee transfers between KAST users. People can now spend what they've rightfully earned.

Reto Wolf, Chief Product Officer at KAST

What Comes Next

More countries and currencies are expected to roll out KAST Pay and Global Payouts as KAST expands access to users who want their money to move with them.