🌐Virtual Accounts

Moonwell Virtual Accounts: Reimagining Global Work and Financial Access

In today's interconnected world, talent transcends borders — yet our financial systems lag behind. Each year, millions of skilled professionals worldwide lose billions due to excessive fees, payment delays, and currency devaluation. To achieve broader economic freedom and opportunity, we must rethink how money moves and serves everyone.

That's why we partnered with Bridge and Optimism Foundation to launch Moonwell Virtual Accounts — a simple yet powerful way for people worldwide to get paid, save, and grow their wealth. By connecting traditional payment networks with onchain finance, we’re removing friction, reducing costs, and giving nearly everyone access to stable digital dollars and greater opportunities in the global economy.

Whether you're a remote worker, freelancer, small business owner, or digital nomad, this guide will walk you through everything you need to know about Moonwell Virtual Accounts.

What Are Moonwell Virtual Accounts?

Through our partnership with Bridge, Moonwell Virtual Accounts are virtual U.S. checking accounts available to anyone, anywhere, catering to a global workforce. When money is deposited into your account — whether from a company's payroll system, a client's wire transfer, or services like PayPal or Apple Pay — it is automatically converted into USDC, Circle’s fully backed US digital dollar.

This means you can receive payments like a United States resident or business would, while protecting your earnings from local currency volatility. You benefit from the stability of US dollars without the usual delays, fees, or limitations associated with traditional finance and fiat currency.

Our collaboration with Optimism Foundation marks a major milestone in making onchain finance accessible to all. As part of their mission to expand the Optimism Superchain, accelerate user onboarding, and bolster stablecoin liquidity, the Optimism Foundation is subsidizing key fees for Moonwell Virtual Accounts, including:

• KYC and account setup fees

• Ongoing account maintenance fees

• Fiat-to-USDC conversion fees (usually 0.4%)

By removing these barriers to entry, more people worldwide can access stable digital dollars and participate in the global onchain economy. As more users convert their funds to USDC through Moonwell Virtual Accounts, it has the added benefit of building critical stablecoin liquidity within the Optimism Superchain, helping to build a more efficient and scalable ecosystem.

The Basics: How It Works

Let's break down what Moonwell Virtual Accounts enable:

1. Access a U.S. Bank Account: Access an account from anywhere in the world (except in sanctioned countries). Your account is available 24/7, freeing you from traditional banking hours and geographic limitations. No more waiting for banks to open; access your money whenever you need it.

2. Get Paid: Receive payments via ACH, wire, or services like PayPal, Venmo, or Revolut.

ACH payments typically take about two days to arrive, while wires can usually be delivered on the same day if sent before 5 p.m. ET.

1. Automatic Conversion: Our partner, Bridge, automatically converts all received funds to USDC.

2. Full Control: Your funds remain in your linked self-custodial wallet. You're in charge, no one else.

3. Save: Deposit USDC into the Moonwell Flagship USDC Vault to earn a variable interest rate.
4. Spend: Use your USDC for everyday purchases with Moonwell Card.

This seamless flow eliminates traditional barriers. No more multi-day waits, excessive fees, or currency volatility concerns. Your money moves at internet speed, under your complete control.

Who's It Perfect For?

Remote Workers: Receive U.S. payments without the usual banking hassles. Get paid in USDC with minimal fees and access your money instantly.

Freelancers: Protect your earnings from local currency fluctuations while accepting payments from clients worldwide. Say goodbye to waiting for international wire transfers and losing money to conversion fees.

Digital Nomads: Access your funds effortlessly across borders with one consistent account. Spend anywhere using your Moonwell Card and earn a return on your balance by depositing into the Moonwell Flagship USDC Vault.

Small Business Owners: Compete in the global economy like larger enterprises. Easily accept international payments and efficiently manage your treasury in USDC.

The Real Impact

The financial benefits of Moonwell Virtual Accounts become evident when we examine real-world scenarios.

Consider a typical remote worker earning $1,000 monthly:

Traditional Way:

• Lose $60-100 in remittance fees (6-10%)

• Wait days for transfers to clear

• Incur additional costs from currency conversion

This results in a substantial annual loss, merely to access their own funds.

Moonwell Virtual Account:

• Pay just $4 in conversion fees (0.4% — currently subsidized by Optimism Foundation)

• Receive funds in minutes, not days

• Funds are automatically converted to USDC, safeguarding against local currency fluctuations

These savings accumulate significantly over time, creating a tangible economic impact for users and their families.

The Future of Work is Onchain

Traditional finance was designed for a world of borders, yet talent, creativity, and innovation know no such limits. With Moonwell Virtual Accounts, a developer in Southeast Asia can receive their salary directly in digital dollars, and a consultant in Africa can bill their US clients without the hassle of currency conversion or payment delays. This isn't just about making payments more efficient — it's about increasing global economic freedom and opportunity.

By connecting traditional payment systems with onchain finance, we're shaping a future where:

• Global talent can compete on equal footing

• Companies hire the best people, irrespective of location

• Economic opportunity becomes truly borderless

This is the future of work and finance—where borders become irrelevant, fees are minimized, and opportunities are genuinely global. Through our partnership with Bridge and the Optimism Foundation, Moonwell Virtual Accounts mark a significant step toward a more inclusive and efficient financial system that benefits everyone, everywhere.

Join the thousands already building this future with us. Visit "Account" to set up your Moonwell Virtual Account in just minutes and become part of a growing global community transforming how the world works and manages money.

Need Help? Join the Moonwell Discord, where our international team of moderators is ready to assist.