Harbour, in partnership with Velocity Labs, announces the launch of their stablecoin payment system “Magic Ramp”, connecting SEPA Instant payment rails with Polkadot. This collaboration seamlessly integrates TradFi banking systems into Web3, providing efficient, low-cost payment solutions.
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 while funds held in Web3 wallets can be received as Euros in bank accounts with the same speed. For the first six weeks following the launch, these bank-to-on-chain transactions will be available at no cost. Through this partnership, developers can now issue virtual IBANs that are linked to Polkadot wallet addresses and bridge SEPA Instant payment rails in Europe with the Polkadot Asset Hub.
James Brownlee, CEO of Harbour, shared, “Polkadot’s infrastructure enables instant, low-cost stablecoin transfers, which aligns with our goal of making blockchain interoperable with traditional banking. This partnership expands the design space for developers working on stablecoin-based solutions.”
Potential use cases include efficient on-and-off ramps for Web3 users, stablecoin payment gateways for merchants who prefer receiving Euros, international payroll, bill payments, and cross-border remittances.
Nicolas Arevalo, CEO of Velocity Labs, stated “Among all the on-ramp providers we've worked with, Harbour stood out by blending the convenience of on-ramps with the speed and cost of CEX on-ramping. This will allow stablecoins in Polkadot to become seamlessly accessible with negligible fees.”
Harbour’s Magic Ramp makes it simple for traditional banking entities to integrate with Web3 in a way that addresses practical challenges in payments to meet evolving market needs.
Harbour.fi is an innovative payments platform bridging traditional banking and blockchain rails with Stablecoins. Harbour is headquartered in the United Kingdom with a branch in Poland, EU.
About Velocity Labs
Velocity Labs is a core contributor to Polkadot, dedicated to transforming it into the premier platform for DeFi development in Web3. As strategic partners, we empower builders and infrastructure providers with comprehensive support across business development, go-to-market strategy, engineering support, and product strategy.
Contact
Comms & PR manager Jonathan Duran Distractive jonathan@distractive.xyz
Disclaimer: Press release sponsored by our commercial partners.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
George Town, Cayman Islands, June 3rd, 2025, Chainwire
Zircuit, the chain where innovation meets security, has been featured on Binance Alpha, Binance’s exclusive platform for spotlighting the most promising early-stage Web3 projects.
To celebrate, Zircuit is launching an exclusive airdrop of 80 million ZRC tokens through Binance Alpha and preparing a ZRC trading competition with a 27.5 million ZRC prize pool.
Starting at 8:30 UTC on June 3, eligible Binance users with at least 211 Alpha point...
Singapore, Singapore, June 3rd, 2025, Chainwire
In a highly anticipated HTX Live session on June 1, Justin Sun, Advisor to HTX and Founder of TRON, engaged in an insightful dialogue with prominent futures trader James Wynn. Their discussion delved into the evolving landscape of the meme ecosystem and the trajectory of trading platforms. The conversation explored critical challenges and emerging opportunities within crypto trading and underscored the foundational pillars of the upcoming industry...
Lisbon, Portugal, June 3rd, 2025, GamingWire
Multiplayer builder game and former Binance project of the year My Neighbor Alice has announced an $ALICE airdrop as part of its Alice Birthday Party celebrations. A total of 500,000 $ALICE will be airdropped to community members over the course of four months starting from June 3.
The largest airdrop event in the game’s history is open to players who join the My Neighbor Alice Rewards Board. Set to unfold across four waves, the campaign offers parti...
