The team of Outlet, a mobile crypto and decentralized finance application built on Ethereum, have announced that its application is now officially in a closed beta.
The goal of Outlet is to provide users with a way to easily access and get plugged into the world of DeFi without having to understand the technical intricacies that come with owning and managing cryptocurrencies. Outlet aims to give mainstream users access to DeFi in a currency they can understand, USD, while utilizing stablecoins behind the scenes.
Anyone can use and signup for the Outlet.Finance mobile app if they meet the following qualifications:
— You are 18 Years or older.
— Have an iOS device.
— Have a valid US Bank account and I.D.
The Outlet beta will launch with the following features:
— Easy Integration: Follow a simple KYC signup and add a bank account to an Outlet account
— Zero Fee On-Ramp: Outlet covers any fees for moving funds
— Savings Yield: Outlet accounts earn APY (Rates will always be variable, 9/22/19 rates were 7.27)
— Outlet accounts are insured through Nexus Mutual
