How it works:
Choose a recipient and amount, then send!
Sedl users are identified by their usernames. Your Sedl account is linked to your bank account.
Sedl converts the funds to USDC
USDC is a type of cryptocurrency called a “stablecoin.” This means its value is stable, because it’s linked to the value of U.S. dollars.
The recipient receives the amount in their Sedl wallet
The transaction takes seconds and is automatically recorded on our blockchain ledger. The ledger documents every Sedl transaction as a way of protecting against fraud and theft.
The recipient has two options
1. Keep the funds in their Sedl wallet where it is stored as USDC coins.
2. Deposit the funds into their bank account where Sedl converts the USDC coins into the recipient’s chosen currency. (Users can set the app to do this automatically.)
