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Phoenix is the fastest P2P marketplace for USD-USDC transactions. Because we never take custody of funds, Phoenix is the first P2P solution that allows users to quickly onramp with Zelle payments without KYC.
Phoenix Market does not hold or transmit fiat at any point in time. Phoenix maintains a non-money transmitter status while enforcing AML compliance via Anchain.ai to prevent interaction with sanctioned funds.

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Address: 0xda1E0Cd4Fcb63aF1a49A6b40cad29504DA0CAAd4
Amount: 10

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How It Works

1

Smart Contract Escrow

Sellers lock their USDC in an escrow smart contract
2

Payment Initiation

The buyer initiates a Zelle transfer through our provided webapp component
3

Payment Verification

Phoenix uses Teller to verify that the USD payment has been made, upon which the USDC is automatically released to the buyer from escrow
4

Transaction Completion

The buyer receives their USDC in under a minute to their provided wallet address

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Key Benefits for Your Business

Instant On & Off-Ramp

Offer crypto access to your complex without complex exchange integrations

Regulatory Compliance

Orders executed through proper banking channels with appropriate compliance measures

Accessibility

Over 80% of Americans have access to Zelle

Increased Revenue

Increase the volume of transactions to your product

Customer Retention

Meet growing demand for crypto services within your existing platform

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Payment Flows

Phoenix supports two payment flows to accommodate different user scenarios:
  • Automated Zelle Payment
  • Manual Zelle Payment

Seamless Bank Integration

Users can log in to their supported bank directly within the payment interface. The Zelle payment will be automatically executed on their behalf, creating a frictionless experience.

Supported Banks:

Bank of AmericaChaseWells FargoCitibankCapital OneWebster BankNew York Community BankFirst National BankCommunity BankCitizens BankPeoples BankFirst Federal BankState BankFarmers State Bank+900 more banks
Download complete list (CSV)
If you attempt to select an unsupported bank (i.e., one without Zelle functionality), you will be automatically redirected to the Manual Zelle Payment flow.

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Security & Data Protection

Phoenix implements multiple layers of security for automated payments:

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Technical Security Measures

  • We establish secure mutual TLS (mTLS) connections with Teller for all banking operations
  • All API endpoints use TLS encryption for data in transit
  • Strict rate limiting and request validation prevent automated attacks
  • Each transaction uses a one-time access token generated by Teller
  • Access tokens cannot be reused, ensuring each banking session is isolated

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Banking Integration Security

  1. When a user initiates a payment:
    • A secure mTLS connection is established with Teller
    • The user is redirected to Teller’s secure login page
    • Bank credentials are entered directly on Teller’s interface
  2. During authentication:
    • The bank may require 2FA based on their security policies
    • All authentication happens directly between the user and Teller
    • Phoenix never sees or handles login credentials
Both payment flows maintain the same security and verification standards, ensuring safe and compliant transactions regardless of which method your users choose.

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Fraud Prevention

  • Integration with Anchain.ai provides advanced blockchain analytics and fraud detection
  • Real-time monitoring of all transactions for suspicious patterns
  • Automated screening against known fraudulent addresses
  • Prevention of interaction with sanctioned funds or addresses
  • Compliance with AML (Anti-Money Laundering) regulations
  • Risk scoring for all incoming and outgoing transactions
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