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.

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🌐 Global Alternatives

If you’re looking for a globally trusted and widely available alternative, start here:

1. Wise

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.

2. Payoneer

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.

3. Revolut

Why you’ll like it: Multi-currency wallets, some crypto access, sleek interface.

What to consider: Availability varies by region; limited stablecoin support.

4. MuralPay

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.

5. Sling Money

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.

6. Takenos

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.

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💵 Platforms Supporting USD Deposits & Stablecoin Withdrawals

Want to stay on stablecoin rails? These platforms support USD deposits and let you withdraw in USDC, USDT, or other digital assets:

1. Coinbase

Pros: USD deposits, USDC withdrawals, waived fees on PayPal's PYUSD.

Consider: Some delays for new or large transactions.

2. Kraken

Pros: USD deposits, USDC/USDT withdrawals, strong security.

Consider: Fees may be higher for certain transactions.

3. Bitfinex

Pros: USD and crypto support, advanced trading tools.

Consider: Best for experienced users; complex interface.

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🌍 Country-Specific Platforms

These options are especially helpful for users in key countries:

🇮🇩 Indonesia

• Offramp.xyz
• Why you’ll like it: Receive USD via ACH/wire, spend through Visa card, top up with USDC/USDT across chains.
• Consider: Currently doesn’t support IDR withdrawals.

🇦🇷 Argentina

• Bitso: USDC/USDT access, real-time local currency ramps. Best for personal transfers.
• Lemon Cash: Stablecoin storage + local crypto debit card. Great for individuals.

🇧🇷 Brazil

• Mercado Pago's Meli Dólar: Stablecoin issued by MercadoLibre. Simple access for Mercado Pago users.
• Nuvei: Supports USDC for fast cross-border payments and settlements.

🇲🇽 Mexico

• Bitso: Local currency deposits/withdrawals with stablecoin rails.
• Circle USDC (local integrations): Access stablecoins via supported payment systems.

🇵🇭 Philippines

• GCash / PayMaya: Trusted e-wallets with bank and card integration.
• Coins.ph: Buy/sell stablecoins and crypto, plus bill pay and remittance services.

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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

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