Mooni is a simple web application that allows anyone to transfer money from a cryptocurrency wallet to a bank account, in less than 2 minutes, without having to login nor to verify identity.
It is meant to be used as a standalone app, but it can also be integrated in any other application. This feature allows any app creator to enable their users to cash out the crypto they earn. This is very powerful in goods/services marketplaces, wallets, and all the platform where people earn cryptos.
Adding an easy way for people to off-ramp crypto would eventually accelerate its adoption, since it would help people to start using decentralised services where they can earn revenue in crypto, knowing that they can withdraw it on their bank account.
Users do not require to pass KYC verifications, but all the transfers pass regulatory checks under the Swiss law, provided by Bity, based on Ethereum account and bank account informations. Thus, all the transfers are limited to 1.000€.
The service is only available to transfer funds in Euro (EUR) and Swiss Franc (CHF) to bank accounts in the SEPA network (EU + 7 countries).