MOVO Chain® by MOVO® is a streamlined way that allows MOVO® users to convert cryptocurrency into cash or pay someone in cash using their cryptocurrency value. MOVO Chain® creates a smooth, easy, and quick process to access the cash value of cryptocurrencies to use in everyday transactions. Owners of cryptocurrencies can easily convert and send cash value to anyone in the United States with an email address or mobile phone number, in just a few minutes. Recipients can then use the value received immediately for transfers, bill pay or payments.
How it works:
- A cryptocurrency owner visits https://movochain.com and starts the process by selecting the crypto currency to use. Then, the sender enters the email or phone number of the recipient with the amount they would like to send in dollars with an optional memo. The sender pays a fee of 2% of the transfer amount + an additional $1 charge to use this service.*
- MOVO receives and processes the request. Within minutes, an email or SMS is sent to notify the recipient that cash value has been sent.
- The recipient logs into the MOVO App™ to accept the transferred value. Now, the cash value is available to the recipient to use within an hour via the MOVO App™. If the recipient is not a current MOVO user, they will need to register for an account to accept the transferred value.
*Third party and mining fees may apply.