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.
Little Pepe has reached a new milestone in its presale, with Stage 8 now completed. The round raised over $13,775,000 and distributed 9.75 billion tokens. Built on Ethereum, the $LILPEPE meme token incorporates Layer 2 infrastructure designed to support low-cost, high-speed transactions.
The completion of Stage 8 reflects continued participation and a growing community. The presale is structured with incremental price increases at each stage, meaning earlier participants accessed tokens at lower...
California, USA, July 30th, 2025, Chainwire
VeraNet has launched a decentralized artificial intelligence (AI) platform designed to provide users with direct access to AI tools while maintaining control over their data and usage. The platform introduces a hybrid architecture that combines on-chain smart contract execution with off-chain privacy measures, enabling autonomous AI services across a range of use cases.
Platform Overview
VeraNet functions as an open, customizable AI infrastructure aim...
Dubai, UAE, July 30th, 2025, Chainwire
Early-stage Crypto presales present a rare opportunity for investors to get in at the lowest valuations before a token hits the open market. Projects with real utility and early momentum often reward presale participants with significant upside, and Pepescape appears to be following that path.
Pepescape, a meme coin powered by Ethereum, has already raised over $1 million in its crypto presale phase. With notable early traction and an engaged community, the...