Harbour, in partnership with Velocity Labs, has launched their stablecoin payment system “Magic Ramp”, connecting SEPA Instant payment rails with Polkadot.
Magic Ramp allows Euros to be sent from any bank account and received as USDC on-chain in less than 30 seconds, with minimal fees.
Developers can issue virtual IBANs linked to Polkadot wallet addresses, bridging SEPA Instant payment rails in Europe with the Polkadot Asset Hub.
Harbour's Magic Ramp simplifies integration of traditional banking entities with Web3, addressing challenges in payments to meet market needs.