Mo makes it simple to move British pounds in and out of digital dollars (USDC). Onramp instantly via Faster Payments, or use GBP Virtual Accounts for ACH-equivalent transfers. Cash out to your UK bank account with fair FX rates, full transparency, and flexible settlement times. Or keep your money in USDC to earn yield.
Onramp: Turn GBP into USDC in Minutes (min £3)
Deposit GBP into Mo using Faster Payments:
- Faster Payments: Typically 5 minutes, up to 30 minutes for larger amounts (24/7).
- Virtual Account Transfer: Receive directly to your Mo GBP account, then convert to USDC.
Once added, your GBP is converted directly into USDC and stored securely in your Mo smart wallet.
Offramp: Send USDC to GBP (min £3)
Cash out USDC directly to your UK bank account with flexible options:
- Faster Payments: Typically 5 minutes, up to 30 minutes for larger amounts (24/7).
- BACS: 3 business days (automatic for transfers over £1M GBP).
Your funds settle in GBP, with no hidden fees.
Keep It in Digital Dollars
Not ready to convert back to British Pound (GBP)? Mo gives you the freedom to hold your remittance in USDC:
- Earn Yield: Yield opportunities for USDC, EURC (Digital Euro), cbBTC and ETH with Mo Earn.
- Trade: Trade between USDC, EURC, cbBTC and ETH (available on Web and Android app) with Mo Trade.
Why Use Mo for GBP?
- Multiple Rails: Onramp via Faster Payments or virtual account, offramp back to any UK bank.
- Both Directions: Deposit British Pound (GBP) into Mo and withdraw back when you need.
- Transparent Fees: No hidden markups or surprise charges. 1% on deposits and withdrawals.
- Fast Settlement: Faster Payments completes in minutes, not days.
- Flexible: Choose between keeping digital dollars or cashing out.
FAQs about GBP with Mo
How do I send or receive British Pound (GBP) with Mo? Deposit British Pound via Faster Payments or virtual account into Mo, where it becomes USDC. You can then withdraw to a UK bank account, or send USDC to friends and family using their Mo Box handler via Mo. They can choose to cash out in their local currency or hold USDC.
Are there any hidden fees? No. Mo charges a clear, transparent fee with fair FX rates—and it’s always free to send USDC between Mo users. See Mo Pricing.
Can I keep my money in USDC instead of converting back? Yes. You can earn yield with Mo Earn or trade via Mo Trade.
How long does a transfer take? Most British Pound (GBP) onramps and offramps via Faster Payments settle in minutes, never more than 30 minutes. BACS transfers for amounts over £1M settle in 3 business days.
What is the minimum amount I can send? The minimum for both onramp and offramp is £3.
