Immutable X allowing Ether-to-Dollar withdrawals
Ethereum scaling system Immutable X is allowing users to receive U.S. dollars in their bank accounts on ether (ETH) withdrawals. The fiat transactions are processed via crypto payments firm MoonPay.
The ability to convert from ether to dollars is available to any developer building on Immutable. Developers can enable their users to sell layer 2-based ether and have the proceeds deposited directly into their bank accounts.