FunderPro has announced an important update regarding its payment process for clients in the European Union (EU). In response to recent regulatory changes restricting the use of Tether (USDT) for transactions involving EU clients, FunderPro will be switching to USD Coin (USDC) for all future Affiliate and Funded Trader payouts.
Effective January 24th, 2025, USDT payments will no longer be accepted. Also, USDC will be the sole cryptocurrency used for transactions. This shift comes as part of FunderPro’s commitment to complying with new EU regulations, ensuring smooth and secure payouts to its clients across the region.
FunderPro Shifts to USDC for EU Client Payment Process
FunderPro clarified that Rise will continue to be an option for payouts, giving clients flexibility in choosing their preferred method.
To ensure a seamless transition, FunderPro has outlined key points for clients:
- Wallet Address Change Deadline: If you need to update your wallet address to receive USDC payments, you must do so by Thursday, January 23rd, 2025. After this date, USDC will be for all payouts.
- Compatibility: USDC and USDT share the same blockchain standards, meaning that most wallets that support USDT should also be able to receive USDC without any issues. However, it’s crucial to verify that your wallet is capable of accepting USDC payments.
- Responsibility: FunderPro emphasized that they will not be responsible for any lost or delayed transactions caused by outdated or incorrect wallet addresses. Clients must ensure that their submitted wallet address is ready to accept USDC payments from January 24th onward.
FunderPro’s decision to transition to USDC reflects its dedication to adapting to changing regulations and offering secure, compliant payment solutions to its international trading community. Clients have to take immediate action to update their wallet addresses, if necessary, to avoid potential disruptions in payment processing.
About the Firm
Here are some interesting facts about the firm:
- No Maximum Trading Period
- No Minimum Trading Day Requirements
- Scaling Plan
- First Payout Upon Making a Profit
- Daily On-demand Payouts
- Profit Share 80%
- Overnight Holding Allowed
Also, use our Discount Code (forexpropreviews) for a 15% Discount or read the Review.
