Being American and working and living in crypto has a lot of disadvantages. It’s almost like living in a sanctioned country like Iran or North Korea as many platforms don’t want us. Many of the opportunities we would like to get into, like launchpads, we just can’t. But with Spritz Finance starting in the US and looking to branch out, us crypto Americans can finally get one in the win column.
What is Spritz Finance?
Bill Gates once famously said that banking services are necessary but banks are not. And I know most of you agree with this idea.
Imagine if you can pay your bills like:
- Mortgage or Rent
- Car loans
- Student loans
- Credit card bills
- Utility bills
- Other loans
all while never having to deal with the nonsense of your bank ever again. That would be pretty sweet right? Well, Spritz Finance lets you do just that.
Spritz Finance lets you pay your bills with ANY token on the Ethereum, BNB Smart Chain or Polygon (MATIC) networks. Spritz uses a program called Method that looks like a competitor to Plaid to help you find your bills and load them into the system. This is what it looks like after you set up and look to load your bills in.
Based on the timestamps of my own emails, it took me exactly 16 minutes to sign up, create a login and password, get verified, and load 2 bills into the system. This is one of the easiest onboarding experiences I’ve had with any app. It’s awesome.
Use Spritz Finance to Unbank Yourself
Now, your bills are in the system. What now? It works just like any Web3 app. You go to the app and Connect Your Wallet. All the usual suspects including all WalletConnect wallets you can use here.
So you’ve connected your wallet from here. Now what?
It’s very easy from here. Click the bill and the Pay With Crypto button and go through the steps.
My own strategy here is the following:
- Use Metamask or Trust Wallet or for maximum safety create a new wallet ONLY for bill paying
- Use the Polygon Network where fees are lower
- Use a stablecoin so there is no (or almost no) exchange rate risk or slippage between when you decide to pay and when Spritz sells your crypto to pay the bill in USD. My choice is USDT or USDC.
Conclusion
Escaping banking services, and especially payments programmed through the US ACH system to pay bills is a big challenge for Americans. And it’s impossible to unbank yourself if you still need to use ACH to pay those bills. But now thanks to Spritz Finance, we have one less reason why we need to use our banks and fewer steps to go through to convert our crypto to USD just to pay those bills. And if you are fortunate enough like I am to work in the industry so you get paid in crypto, an app like Spritz is a godsend.
Here’s a little tip for you. You will get accepted into the Beta test much faster if you already have a Web3 wallet and have one with a Polygon address. You might even get accepted right away to try this amazing program. If you need one, Metamask, Trust Wallet, and any WalletConnect wallet that generates a Polygon address will help you qualify fast.
Join the Waitlist so you can try it out. The sooner you try it, the sooner you can make your bank obsolete.
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