Peano is a corporate card for Web3 orgs to spend fiat without selling crypto. Works like AAVE, but provides fiat. 🤩 Pay for all your fiat expenses on a Peano card. No entity, exchange, or bank account needed. Effortless expense tracking & tax management. 😌

Hey PH! We're very happy to share Peano with you! 👋 Peano is a corporate card for Web3 startups. We let you spend fiat without selling your crypto holdings via centralized exchanges or having a bank account. Web3 organizations don't need to incorporate, sell crypto, or pay with personal cards using Peano. Just like how AAVE provides USDC using crypto holdings as collateral, Peano provides USD on a corporate card. In this case, crypto-native organizations don't have to sell crypto first to pay for expenses (an otherwise taxable event). We experienced this problem while building our previous crypto-gaming project. All of our revenue was in crypto, but most of our expenses were in fiat. We had to go through a centralized exchange, cash out and wait for the ACH transfer, and then use our debit card on everything. We realized we could build something better if we could instantaneously offramp crypto directly via credit, so we decided to build Peano. Happy to answer any questions you have around how it works, how we underwrite, and around crypto to fiat offramps! We're super excited to launch with the Product Hunt community. 😊 - Morris

I’ve actually wondered why this doesn’t exist yet - great idea

@calebcross Thanks! We think one of the main reasons is because crypto-native entities started growing massively last year, but didn't as much before. New (but quickly growing) market!

Great product, I can see how a lot of companies would definitely need this.

Thanks @nagaganesh_jaladanki ! We're super excited to be sharing this with the product hunt community.

Peano.xyz

Spend fiat without selling crypto.

Spend fiat without selling crypto.

Peano.xyz

Spend fiat without selling crypto.

Spend fiat without selling crypto.

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