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A week ago, we added a new cryptocurrency - USD Coin (USDC). Let's get to know better what it is and how it works.

USD coin or USDC is a stablecoin set to the US dollars. It was introduced on the 26th of September in 2018, in collaboration between the Coinbase and Circle. USD Coin is the best alternative to the USD backed cryptocurrencies as True USD (TUSD) or Tether, also termed as USDT.

USDC is a service that is used for tokenizing the US dollars and for facilitating its use over the internet as well as the public blockchains. Apart from that, the USDC tokens can also be changed back to USD at any point in time. This execution of USDC tokens issue and redemption is ensured with the smart contract of ERC-20.

The US dollars on blockchain allow its users to move them anywhere around the world, within a few minutes and also offer high-end stability to these cryptocurrencies. On the other hand, it has also opened up various opportunities for risk-hedging, lending, trading and a lot more.

Where did USDC come from?

USDC also called USD coin is the newest and trendiest stablecoin. After its launching, it was made available to its users in October, 2018. This project was initiated by the Coinbase in collaboration with the Circle.

This development included the Centre consortium, also called as the Circle and the Coinbase joint association. Its investors around were the Pantera, Bitmain, and the Digital Currency Group and many more.

Moreover, its governing framework and technology are developed by the Center, but its first commercial issuers are Coinbase and Circle only. The Circle came into existence in the year 2013 by entrepreneurs Sean Neville and Jeremy Allaire.

The Circle is the official money transmitter which creates the company as an open financial book. All the USDC tokens are transparent, regulated and verifiable.

What are the benefits of USD coin?

This USD Coin (USDC) is developed on the basis of the ERC-20 standards; this means that the speed of the funds transfer is highly amazing as the ETH. As mentioned on the official website of the Circle, people now with the best assistance of USDC can transfer US dollars within few seconds all around the world.

There are various experienced developers behind this development who made this funding process hassle-free. The company which has created USDC is also working for this cryptocurrency world for years, so they are more trusted by the people.

Various organizations and even individuals can deposit their US dollars from their savings or business bank accounts and can convert their money into tokens. This way they can purchase and can withdraw money with USD Coin (USDC) tokens anytime, anywhere.

How to purchase USD coin on XMLGold?

It is much possible now to buy USD coin for other cryptocurrencies or e-curencies using XMLGold (Online Currency Converter) service. You just need to follow the below-given instructions:

• - Select the currency which you are willing to exchange from their first drop-down list. Place an amount that you are willing to swap.
• - Choose USD coin from their second drop-down list. You will find the estimated value that you will get after its exchange.
• - Enter your receiver’s address. The USD coin will be sent to the address entered. You need to be very careful while entering the address, and make sure you enter the correct address.
• - Re-check all the information entered. If everything is O.K. on your side, click on the exchange option.
• - You will find the deposit address details. You have to transfer the minimum amount to this address for starting the exchange.

That’s all! In a few minutes, you will get your USD coin.

How does USDC work?

The Circle assures that every USDC token they issue is backed with the US dollar. This process to turn US dollars in the USDC tokens is known as tokenization. Tokenizing the USD in USD Coin (USDC) is called as the 3 step process:

• - Here the user sends the USD to the bank account of the token issuer.
• - This way the issuer makes use of USDC smart contract for creating the same amount of USDC.
• - The newly stamped USDC is then delivered to its user, while its exchanged US dollars are kept in the reserve.

The redemption of USD coin for USD is also simple as stamping the token. Here the process is reversed:

• - The user sends a request to USDC issuer for redeeming the equivalent amount of this USD for USDC tokens.
• - The issuer here sends a request to the USD coin smart contract for exchanging tokens for the USD and takes an equivalent amount of the tokens out of its circulation.
• - The issuer sends the requested amount of the USD from it and reserves back to the account of the user’s bank. This way the user gets the net amount which is equal to the one in the USD coin, reducing all incurred fees.

Unlike the popular stable coin USDT (Tether), the creators of USD coin are compelled for offering full transparency and works with a wide range of financial banks for maintaining full reserves of similar flat currency. All the USD Coin (USDC) issuers are also required for regularly reporting the USD holdings, which gets published later by the Grant Thornton LLP.

How to make use of USD coin?

USD Coin is a 1:1 representation of the USD dollar on Ethereum blockchain. It is an ERC-20 token and can be easily used with every application which supports its standard. For tokenizing and redeeming the USDC with the Circle, you are supposed to register an account, verify the identity and quickly link with a legitimate bank account.

You can use the USD platform of the Circle for performing 4 different works,

• - Tokenizing the USD
• - Redeeming USDC
• - For transferring USDC to ERC20 compatible addresses of Ethereum
• - And for depositing the USDC from the external wallet addresses of Ethereum.

Conclusion

The USD Coin (USDC) allows sending money globally, securely and instantly at low cost. On XMLGold you will be able to convert USD Coin to Perfect Money EUR/USD, Advcash EUR/USD, Payeer EUR/USD, SEPA Transfer, SWIFT Transfer, Litecoin (LTC), Tether (USDT), Bitcoin (BTC), Perfect Money Voucher EUR/USD, Ecoin Voucher USD, C-CEX Voucher, ERC20, True USD, XMLToken. Exchange Process is fast and simple! Join Now!

We announce that we have added a new cryptocurrency – Tether ERC20 (USDT).

We announce that we have added a new cryptocurrency – TrueUSD (TUSD). TrueUSD belongs to "Stablecoin” category and is pegged to USD exchange rate.

We announce that we have added a new currency – the USD Coin (USDC). The USD Coin is a relatively new cryptocurrency which belongs to the category 'Stablecoin' and is linked to the USD exchange rate similar to Tether (USDT).

We are pleased to announce that we have passed over to a new, contemporary design. We hope you will enjoy it. If, however, it is more convenient for you to work with the previous design, you can still do so (by clicking on the "Old version" in the upper corner). The new design is still being tested and refined. If you notice any failure, please report it to our support team.

On XMLGold, you have been able to buy e-currency and cryptocurrency with the SEPA transfer already for a long time. But let’s get to know better what SEPA payment is and how it works, how it differs from other Bank Transfers. In the next chapters we will compare SEPA vs SWIFT.

What is SEPA (Single Euro Payments Area) transfer and how does it work?

Have you ever wondered if there was the easiest way of transferring money? You can now get rid of the hectic process of IFSC additions, account number, waiting for the activation of the beneficiary, the transactions getting delayed and related issues.

Here is now SEPA (Single Euro Payments Area) available which acts as the fast at the same time low cost payment system and is created by the EU which harmonizes the way the cashless payments get transacted between the euro countries. The Bank money transfer has never been so convenient and easy.

Transferring of payments with SEPA is safer and faster than the standard bank transfers. The SEPA allows making the cross border payments easily in EUROS The European government agents, businesses and consumers that make payments through instant credit transfers, direct debit or with credit transfers, make use of SEPA architecture.

The SEPA payment is regulated and approved by the European Commission.

The SEPA transfer is the credit transfer in compliance with the standard credit transfer of European which can be used to make different Euro payments within SEPA. It includes the bank accounts of payer & payee in the format of international IBAN. This IBAN is an international bank account number.

In different ways, the SEPA payment is much similar to domestic transfer. The banks which support the SEPA transfers, have a direct relationship established or have a great network of intermediary banks, which allows the transfers for running across the country borders.

The list of SEPA countries

This list of SEPA countries involves 36 different countries which include:

Switzerland, Vatican, San Marino, Andorra, Monaco, Liechtenstein, Iceland, The United Kingdom, Sweden, Spain, Slovenia, Slovakia, Romania, Portugal, Poland, Netherlands, Austria, Estonia, Denmark, Czech Republic, Croatia, Bulgaria, Belgium, France, Finland, Greece, Germany, Malta, Luxembourg, Lithuania, Latvia, Italy, Ireland, and Hungary.

SEPA transfer time

The payment made through the SEPA transfer can take 1hour to 24 hours. An ordinary bank transfer can long from two to five days and even levies large commission. The domestic SEPA payments are quick; they get cleared a few times in a day, which means that one can easily get it transferred in a few hours.

Make sure you are making transfers on banking days. Most of the cross border SEPA payments also get credited in the following morning, if payment is done before 5 pm. (Only if both the days are banking days). There are some of the SEPA holidays which are not considered as public holidays in all the SEPA countries.

SEPA transfer costs

Commonly, you need to pay the same cost for the SEPA money transfer, no matter to whosoever banks you want to make a transfer to. It is not permissible to charge differently based on bank location.

So in case if you are the one who is in the United Kingdom and have a bank account with any of the UK bank, it will not make a difference if you want to make a SEPA transfer to another UK account or even to the German one. For more details, you can contact your bank.

SEPA transfer benefits

The SEPA is a part of the European harmonization process which has led to the common Euro currency, for example. It also promotes the freedom of trade and movement of European companies and citizens.

The payments of Euro-denominations within SEPA don’t differ from the domestic payments at all. Few of the benefits of SEPA transfer includes:

• - It allows easy bank transfers to cross the border within Euro areas.
• - The transaction costs are lower and faster.
• - The payment gets completed within the validity period of guarantee and banks are not allowed for making any deductions for the amount transferred.
• - The customers get also clear and simple information on any of the charges and costs. This means there are no hidden charges involved in the local bank.

Disadvantage

The only demerit of SEPA transfer is its restricted access, which means it is not available all around the world. It is limited to only 36 countries listed above.

What is SWIFT transfer?

The SWIFT means society of worldwide interbank financial telecommunication. It is a system of financial messaging which runs on the network of tens of thousands number of the financial institution from across the globe.

This system enables the institutions to securely sending and receiving information on financial transactions in the most standardized way using SWIFT code for international bank transfers. This allows the money to be transferred from one bank to another, anywhere in the whole world virtually and also in various currencies.

Where can SWIFT transfer be performed?

SWIFT payment transfers can be performed anywhere around the world and also allows to make a transfer using different currencies.

SWIFT transfer time

You just need to fill in your beneficiary details like bank account number, the bank’s postal address, and SWIFT code in one form. As soon as this is done, the amount gets debited from the account and can get credited to a foreign bank account in approximately 48-72 hours.

SWIFT transfer costs

The transfer cost of SWIFT varies. These costs include the fees charged by the bank as well as the administration costs. The person making the transfers should know this that is based on the bank or country where you are located, the financial institution or even the intermediary bank can charge the recipient (the person who receives money) via SWIFT.

They might also deduct a few of their additional commissions or charges from your total amount received. As there are few hidden costs, it is your responsibility to be aware of fees that are charged by your financial institution when you receive or make SWIFT payments.

SWIFT transfer benefits

It is convenient: The SWIFT wire transfer can be made all over the world. You can send or get money through this anywhere. They are available and accessible and the best part is, you receive the money in your form of currency only.

SWIFT transfer disadvantages

Fees. These transfers charge some fees for every transaction. Usually, the sender makes the payment for such costs and the receiver then receives the money. But sometimes it also needs minimal fees from the receiver or charges a small percentage of the money they receive. This means they are costly.

Non-reversible. Once you have made a transfer through Swift, it is non-reversible. The sender doesn’t get the money back in any of the cases. This is a bit risky when you make a transaction for something and you personally not aware of the receiver.

SEPA vs SWIFT bank transfer - which is better?

Well, SEPA and SWIFT bank transfer is quite different, but both of them share the same objective. They both strive forward for offering reliable, secure and seamless money transfer to the people around and for business.

This helps in enhancing the integrity of the increasing dynamic payment system. However, there are some differences in both of these systems which conclude SEPA as a better option. It is because when the experts performed a comparison between these two, they found SEPA transfers are hassle-free. It is because for making SEPA payments, you don’t need the name of the receiver, BIC, payment reference, beneficiary address, bank details, account number or other details which is not possible to collect every time. While for making SWIFT bank transfer, you have to enter all the specified details including SWIFT bank code correctly. When it comes to speed, SEPA has been found more convenient and fast as compared to SWIFT.

Buy cryptocurrency with SEPA transfer on XMLGold

In the situation when you want to buy cryptocurrency or e-currency with SEPA transfer you may visit XMLGold. XMLGold will offer you a fast and an easy way to exchange SEPA transfer for e-currencies or cryptocurrencies such as: Perfect Money, Advcash, Payeer, Litecoin, Bitcoin, Tether, PerfectMoney Voucher, C-Cex Code, Ecoin Code, XMLToken.

Besides online currency exchange at this platform, you can also use the XMLGold Affiliate program for passive income. Likewise, XMLGold offers an advanced Discount System which grows with each money transfer and can achieve a discount of up to 30%. It should be noted that XMLGold is one of the oldest e-currency exchange points and has been operating since 2006, proving itself as a reliable partner and service provider.

Conclusion

Presently, SEPA Transfer and SWIFT Transfer are the most widespread online banking systems for international payments around the world. The money transfer from one bank account to another is accurate and fair through these two systems. However, when their features and merits as transfer time and fees were compared by the experts, SEPA transfer was found on the winning side.

If you want be instantly informed about happening in your account, then you should use the option „Get notifications by Telegram”. To get this, you must Login to your XMLGold account and under the section „Notifications”, select the option „I would like to receive notification by telegram”. We know from experience that the Telegram system works faster and more efficiently than the e-mail system.

In this review, you will find out how to buy bitcoins with SEPA Transfer on Online Currency Converter - XMLGold and much more!

For a long time, you have been looking for the exchanger, who would have an exclusive design, and besides, who would be able to provide its users with the opportunity to exchange fiat currencies for digital ones at favourable rates and with minimal commissions? Online Currency Converter - XMLGold will perform perfectly this task. Fast and secure exchange, high-quality support service, and favourable rates are a brief description of this exchange point. For the users of XMLGold conducts various promotions which will help you get the most favourable conditions for the exchange. Especially, for large customers there are unique conditions for the exchange. Another thing worth noting is the amount for the minimum and maximum exchanges, which are at an acceptable level.

When working or investing on the Internet, users often need to convert e-currencies. For this it is possible to use various digital currency exchangers. When converting money, speed and reliability are important factors. These conditions can provide XMLGold. Let us see how it differs from its competitors on the internet.

Review of XMLGold - quick and favourable way of exchange

XMLGold.eu - Online Currency Converter (It means that with the help of this service, you can change one electronic currency to another), which started operating in 2006. The service provides a large number of exchange directions, a minimum commission and operational support of managers. Therefore, it is very convenient to transfer money from electronic payment systems to bank account with a minimum commission.

Exchanging money, traditional or digital, we always want to perform the operation quickly and at a favourable rate. In the case of cryptocurrency, the third important element in the exchange chain is security. The user trusts his funds to a particular exchange office and is forced to rely on its honesty. But not all online exchangers operate fairly and transparently. Therefore, when it comes to the exchange of electronic money, it is better not to experiment with platforms, but to work with reliable sites with an impeccable history and an excellent reputation in the community. XMLGold Online Currency Converter carries out the exchange of popular e-currencies and Bitcoin quickly, safely and profitably. With the help of XMLGold, thousands of users have performed more than 1 000 000 successful exchanges, and the creators of the service do not plan to slow down the pace, constantly improving the technological base of the exchanger and expanding its functionality.

On XMLGold it is possible to convert the currency of the following payment systems:

AdvCash EUR/USD, Perfect Money EUR/USD, Payeer EUR/USD, Epay EUR/USD, Bitcoin (BTC), Litecoin (LTC), Tether (USDT), Ex-code or Exmo Voucher EUR/USD, Perfect Money Voucher EUR/USD, Wex Voucher EUR/USD, C-CEX Voucher USD, Ecoin code USD, Wire Transfer EUR/GBP/USD, XMLToken EUR/GBP/USD, Cash EUR, SEPA Transfer EUR etc.

Let us get a look in what way it is different from its competitors in the network.

XMLGold online currency converter features and advantages

XMLGold has a number of features which make it an irreplaceable assistant for an investor or freelancer.

The exchange platform is distinguished by:

• - Interface with support of 10 languages;


• - Reliable since 2006;


• - Profitable Referral Program;


• - Progressive Discount System;


• - Exchange bonuses (up to 3.5%);


• - 5000+ reviews from the satisfied customers with average 4.75 star rating (5 stars);


• - XMLGold has the highest Perfect Money Trust score (TS 9894) between digital currency exchangers at world leading e-currency monitoring site – BestChange.com.


• - Possibility to work without registration and verification;


• - All transactions are protected by SSL 256-bit encryption;


• - Online consultant;


• - Protecting Your Account with Multifactor Authentication;


• - Partnership with Perfect Money and Advanced Cash (Advcash);


• - Prepaid Card (temporally unavailable, we hope soon it will be back);


• - The site contains a large number of electronic currencies. There is the possibility of exchanging cryptocurrency (Bitcoin, Litecoin, Tether);


• - Convenient personal account;


• - Exchanger works all over the world;


• - Large reserves of currencies;


• - Exchange of electronic money in the most popular directions;


• - SEPA Transfer, Bank Wire;


• - Bitcoin (BTC) exchange at favourable rates;


• - The site contains page which are filled with positive comments and feedback;


• - A lot of positive feedback on BestChange, KursExpert, Okchanger and other popular Monitoring websites of exchangers.

Availability of reserves and exchange speed

On the main page of the service, there is information about the reserves of each payment system. Before conversion, the user can make sure if these funds will be sufficient for currency exchange. There is no need to wait until the exchanger replenishes the account to fulfil the client's application. XMLGold Online Currency has solved this problem forever for its users. You can also always use the option: Extend Reserve or Buy/Sell more. Support will find necessary reserves, funds for you as soon as possible.

Are you searching for fast exchange service and transactions? An urgent need to convert currency? To do this quickly, just go to the XMLGold Online Currency Converter, choose the necessary exchange direction and amount. A couple of mouse clicks and the application will be sent to the manager for its processing. When converting funds at a high exchange rate, the user loses enormous amounts of money. Constant monitoring of the offers of other services allows XMLGold Online Currency Converter to offer money exchange at the one of the most favourable rates.

How does XMLGold currency exchange service work

You can perform exchange operations on XMLGold without registration. But remember that the registered users have access to the broader functionality of the exchanger: they can take part in the XMLGold Affiliate Program, as well as receive additional discounts and bonuses under the Discount Program. Bitcoin exchange operations take place after receiving 3 confirmations from the system, which is verified through blockchain.info. The exchange request shall be paid within 30 minutes, then it closes. Payment time depends on the wallet/account: for e-wallets Perfect Money, PAYEER, Advanced Cash (Advcash) – instantly, for SEPA payment - from 1h to 24h, provided that they function normally. Bank Transfer - from 2 to 5 days. When operating with interruptions (the payment may be delayed by the bank).

Exchange operations on XMLGold: Step by step instructions

The Online Currency Converter XMLGold operates in a simple and fast manner. See for yourself using the example of exchanging PerfectMoney USD to AdvCash USD. The exchange in this direction takes place in automatic mode.

• 1. Indicate the direction of the exchange: the currency which you are going to exchange, and the one you want to receive;


• 2. The system immediately indicates the exchange rate, as well as the minimum and maximum amount in this direction;


• 3. In the column “Give/Sell”, enter the amount for the exchange, in “Get/Buy” - displays the amount of currency you receive, taking into account the commission of the selected payment systems.


• 4. Next, enter e-wallets data: fill in the fields Pay from this account /Deposit to this account.


• 5. Specify email, agree to the terms and conditions of the service after reading them click button “Continue”.

Receipt of funds on request will take place within 5 minutes after successful payment. For the completing payment application 30 minutes are given, after which it closes.

How to buy Bitcoin with SEPA transfer?

In order to buy Bitcoin using SEPA Transfer follow the following instructions:

• 1. In the exchange form in the window “Sell”, select SEPA Transfer EUR from the list of available currencies.


• 2. In the column “Buy”, select Bitcoin (BTC).


• 3. Enter the SEPA payment amount and you will automatically see the amount you receive in Bitcoin (BTC), taking into account the commission.


• 4. Fill in all the required data and click on Continue.

After performing these activities, you will be redirected to the page with details. Payment shall be made within 30 minutes from the date of application. SEPA Transfer usually takes from 1h to 24 hours.

You can leave the received bitcoins in the stock exchange to save or carry out trade in crypto pairs. But, if you wish to keep your bitcoins in another place, you can transfer them to another resource.

Before you start buying digital coins you shall obtain a special wallet to save cryptocurrencies. This role can be performed by the specialized cryptocurrency trading sites. In our opinion, the one of most reliable online cryptocurrency wallet is blockchain.info. You can find out a more detailed information about it on the internet as there is a lot of it and there are even articles from the major cryptocurrency news websites such as bitcoin.com, themerkle.com, blockonomi, etc.

By this example, we showed you how to buy Bitcoin and other cryptocurrencies by SEPA. By using XMLGold Online Currency Converter, you can convert into cryptocurrencies not only SEPA, but also: Perfect Money, AdvCash, Payeer, Epay and other digital currencies.

If with the help of this instruction, you could not buy Bitcoin, then send us an email and we will help you.

XMLGold Referral Program

The conditions of the Affiliate program are simple: you must register on the site of the exchanger and attract other users to the service, receiving accruals for the exchanges they have made.

How does the XMLGold referral program work?

• - The user who came by your referral link registers on the site;


• - For each exchange performed by him, you get a reward;


• - The award is 10% of the net profit of the XMLGold.

All the required links and detailed explanations of the program are available in your account in the Affiliate Program section. On your referrals section you can track: how many users have registered through your link, what amount each registered user has brought to you and for which operations, how much money you have earned and how much have been withdrawn to your account.

Important!!! You cannot invite yourself by referral link: the system will calculate and delete your accounts without explaining the reasons and the possibility of recovery. It is also forbidden to use Google Adwords and YandexDirect, to engage in spam.

All registered users can participate in the referral program: from regular users to site administrators. And in case you are the owner of the site or monitoring, you can become an XMLGold partner.

Feedbacks and reviews on XMLGold Online Currency Converter

XMLGold Online Currency Converter has been operating since 2006 and during this time it has managed to gain the trust of customers. Thanks to XMLGold, thousands of users have performed more than 1 000 000 successful transactions. The exchanger is distinguished by favourable rates, a wide range of payment systems and quick processing of transactions. To ensure high quality of these operations, just go to the official site XMLGold.eu and perform a currency exchange in any of the presented directions.

The service has a separate page with customer reviews. The XMLGold has an impeccable reputation in the market. XMLGold is presented on the leading monitoring sites by the exchangers: BestChange, KursExpert, Kurses, OKchanger, and so on. On the internet, you can find many positive reviews about the work of XMLGold.

The users emphasize the efficiency of the service, a concise and intuitive interface and a convenient workspace. The exchanger supports the most popular e-currencies, cryptocurrencies, bank transfers and allows you to perform operations in a few minutes. At the same time, offering the possibility of additional earnings in the framework of the Affiliate Program and the progressive Discount System.

Profitable, fast and secure! XMLGold Online Currency Converter offers its customers exactly what they need!

May you celebrate life and the true meaning of this holiday with your loved ones!

KInd Greetings, XMLGold Team