As Parallax enters a new chapter by joining forces with Phantom, we know this means change for you, our amazing users. While we’re excited about what lies ahead, we’re also genuinely sad to be winding down our standalone product. You’ve trusted us to move your hard-earned money across borders, and we don’t take that lightly.
That’s why we’ve created this migration guide: to help you find the best possible alternative, based on your country and preferences. Whether you want to continue using stablecoins or switch to more traditional banking rails, we want your transition to be seamless, stress-free, and empowering.
Thank you for everything. Let’s get you set up for what’s next.
Disclaimer: Parallax is not affiliated with any of the apps mentioned here, and we don't earn anything if you do sign up with them! We still recommend doing research to see if they fit your needs and to reach out to their support for in-depth product assistance.
If you’re looking for a globally trusted and widely available alternative, start here:
Why you’ll like it: Transparent fees, real mid-market exchange rates, fast transfers to local bank accounts.
What to consider: Wise doesn’t support crypto or stablecoins.
Why you’ll like it: Virtual accounts in USD, EUR, and other major currencies. Easy local withdrawals.
What to consider: Doesn’t support stablecoins; built on traditional banking rails.
Why you’ll like it: Multi-currency wallets, some crypto access, sleek interface.
What to consider: Availability varies by region; limited stablecoin support.
Why you’ll like it: Send stablecoins via email, convert to local fiat in 40+ currencies. Great for Latin America and Southeast Asia.
What to consider: May not offer the same advanced features or integrations as Parallax.
Why you’ll like it: Supports stablecoin transfers across 70+ countries. Easy conversion to local fiat.
What to consider: Uses Solana-based stablecoins and may feel more basic compared to Parallax.
Why you’ll like it: Designed for freelancers and remote workers. Accept payments in USD/EUR and use funds with local/international cards.
What to consider: Geared toward Latin America, may lack global flexibility.
Why you’ll like it: Virtual accounts in USD and EUR. International debit card, investment accounts, and withdrawals in local currencies and stablecoins.
What to consider: Investment features may be limited depending on your location.
Want to stay on stablecoin rails? These platforms support USD deposits and let you withdraw in USDC, USDT, or other digital assets:
Pros: USD deposits, USDC withdrawals, waived fees on PayPal's PYUSD.
Consider: Some delays for new or large transactions.
Pros: USD deposits, USDC/USDT withdrawals, strong security.
Consider: Fees may be higher for certain transactions.
Pros: USD and crypto support, advanced trading tools.
Consider: Best for experienced users; complex interface.
These options are especially helpful for users in key countries:
If you manage a company or handle payroll through Parallax, these platforms can help you keep operating with stablecoins while accessing traditional financial rails.
Why you’ll like it: Easy-to-use dashboard for businesses. Spend your company funds held in stablecoins like normal money — with two simple options:
Why you’ll like it: Get USD/EURO Bank account and withdraw USDC. Send USDC to USD, EUR, SGD, INR, GBP and many more.
Hurupay provides US and EUR bank accounts in over 100 countries — including the Philippines, Indonesia, Argentina, Brazil, Mexico, and Nigeria — and also gives you a crypto wallet to receive USDC or USDT.
Why you’ll love Hurupay:
A strong global alternative, especially for freelancers receiving USD in the Philippines, Argentina, Brazil, or Mexico.
Why you’ll love Higlobe:
What to consider:
No crypto support. Available only in the Philippines, Argentina, Brazil, and Mexico.
If you need help choosing the best platform for your needs, or just have questions about the transition, we’re here for you.
You can reach us at: https://parallaxlabshelp.zendesk.com/hc/en-us/requests/new
Thank you again for being part of Parallax. While this chapter is closing, we’re excited to keep building the future of borderless finance — now with Phantom.
— The Parallax Team
