NoOnes adds Solana Support for USDT/USDC Transfers

BY
Josh Sanhi
/
Oct 14, 2024

Different blockchains cater to different users, with each providing a unique experience. One of the most popular blockchains of the past few years would have to be Solana, offering a wide variety of decentralized finance (DeFi) options, crypto games, and many more use cases in Web3. Now, NoOnes has officially added support for the Solana blockchain on their platform, enabling fast and low-cost transfers of USDT and USDC. This update looks to enhance the overall user experience and provide more options for traders on NoOnes. 

What is NoOnes?

NoOnes is a finance super app with a peer-to-peer (P2P) crypto trading platform that allows its users to trade directly with one another. Through bypassing intermediaries like banks, users can avoid high fees and having to procure and provide official documents just to be able to trade. NoOnes provides a versatile, low-cost alternative to traditional financial systems. Whether one is a novice or a seasoned trader, NoOnes offers a user-friendly environment for buying, selling, and securely storing digital assets like Bitcoin (BTC) and Ethereum (ETH). 

One of NoOnes’ unique features is its ability to support diverse payment methods. Their P2P marketplace allows payments through cash, online wallets, bank transfer, e-wallets, debit/credit cards, and cryptocurrencies. They also allow transactions through gift cards such as Amazon, iTunes, Apple Store, Steam Wallet, and many more which offers an additional layer of flexibility for their users. 

Moreover, with the newly added Solana blockchain support, NoOnes continues to grow its network options. This makes it easier for users to transact efficiently across multiple blockchains.

What is a NoOnes Wallet?

The NoOnes Wallet is a digital wallet provided to every user upon signing up. Users can send and receive digital assets securely and view transaction history right from their NoOnes account.

Here’s how it works:

  • Every wallet comes with a unique wallet address, a combination of letters and numbers used to send or receive cryptocurrency.
  • This address doesn’t expire and can be used for multiple transactions. 
  • Users can deposit assets from other wallets by simply copying and pasting their NoOnes wallet address. They can also send assets to other wallets using their NoOnes wallet. 

The NoOnes Wallet supports major cryptocurrencies like BTC, ETH, Tether (USDT), and USD Coin (USDC) across multiple networks, including Ethereum, BNB Chain, Tron, TON, and now, Solana.

Solana Blockchain Support Arrives

With Solana support officially added to NoOnes, users can now deposit and withdraw USDT and USDC via the Solana blockchain. This is a game-changer for those seeking faster transactions and lower fees. Solana’s high-speed performance and low transaction costs make it an attractive option compared to other blockchains. 

Here’s why this update is crucial:

  • Speed - Solana is known for its incredible speed, with the potential to process over 65,000 transactions per second (TPS).
  • Low Fees - Solana transactions typically cost around $0.00025, which is very cheap compared to other blockchains. 
  • Network effect - Solana's blockchain processes around 30-40 million transactions per day, making it a top choice for decentralized applications (dApps) and cryptocurrency transfers. It also consistently ranks among the top 10 cryptocurrencies by market capitalization.

This makes Solana an excellent choice for users who want to transfer stablecoins like USDT and USDC quickly and without spending too much on transaction fees. Whether one is sending funds to trade or moving assets between wallets, Solana provides a seamless experience.

Why This Matters for NoOnes Users

By integrating Solana into their platform, NoOnes ensures that users have access to the latest and most efficient blockchain networks. For traders and holders of USDT and USDC, this means faster deposits and withdrawals with minimal fees. Given Solana’s growing dominance in the crypto space, adding support for this blockchain is an important move, allowing NoOnes to remain competitive and provide its users with an improved experience.

Adding Solana support is just the beginning. As NoOnes gains more adoption, the platform will continue to add support to other relevant blockchain networks. For now, users active in the Solana ecosystem can now easily cash in and out through NoOnes!

Josh Sanhi
Trader/Technical Analyst, Long-term Investor, Finance Enthusiast, Research Core Contributor at Bitskwela

A mental health practitioner/advocate interested in helping people achieve financial freedom through Web3. Fascinated by technical analysis and trading psychology; main tools are Classical Charting and Japanese Candlestick Theory. Avid follower of the macro-economy.

GET MORE OF IT ALL FROM
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Recommended reads from the metaverse