Peanut Is Coming to the United Kingdom
Send money via Faster Payments, pay anyone in GBP, and move money across borders instantly — no NIN required.
The United Kingdom is one of the world's busiest money corridors. British expats live across Latin America, Southeast Asia, and beyond. Tourists flow between London and Buenos Aires, Rio, and Bangkok. Remote workers pay contractors in multiple countries. Yet moving money across borders from the UK remains slow and expensive — international bank transfers take days, and the fees add up.
Peanut will change that. When Faster Payments integration launches, you will be able to send and receive GBP instantly within the UK and move money across borders to anyone, anywhere. Combined with Peanut's existing spending in Argentina and Brazil, you will have a single app that bridges the UK and Latin America — with more countries on the way.
How It Will Work
- 1
Deposit funds
Add money to your Peanut balance via SEPA (the UK retains SEPA membership for euro transfers) or send digital dollars from any major exchange. All deposits are free.
- 2
Your balance stays in digital dollars
Your funds will be held in digital dollars until you are ready to spend or send. No exposure to currency fluctuations while your money sits in your account.
- 3
Send via Faster Payments
When Peanut integrates Faster Payments, you will be able to send GBP to anyone with a UK bank account. Transfers will arrive in seconds, 24/7/365.
- 4
Send money anywhere
Share a Peanut Link with anyone in the world. They claim the funds and withdraw locally — via bank transfer, Pix in Brazil, Mercado Pago in Argentina, or their preferred method.
What Payment Methods Are Coming
Faster Payments
Faster Payments is the UK's real-time payment system, operated by Pay.UK. Processing over 5 billion transactions per year, it enables near-instant GBP transfers 24/7/365 between UK bank accounts. Every major UK bank supports it — Barclays, HSBC, Lloyds, NatWest, Santander — along with digital banks like Monzo, Starling, and Revolut.
When Peanut integrates Faster Payments, you will be able to send pounds to any UK bank account in seconds. This means faster deposits into your Peanut balance and instant withdrawals to your UK bank. Combined with Peanut's cross-border capabilities, you will be able to deposit pounds, hold digital dollars, and spend in local currencies wherever Peanut operates.
Faster Payments handles single immediate payments, forward-dated payments, and standing orders, with transaction limits up to GBP 250,000 (or higher depending on your bank). The system operates around the clock — no waiting for business hours.
What to Expect
Peanut will convert your digital dollars to pounds (or vice versa) at the real market rate. The rate locks at the moment of payment — no slippage, no hidden markups, no post-transaction surprises.
For UK residents sending money to Latin America, the savings are significant. Traditional services charge 2-5% in combined fees and exchange rate markups. Credit cards add foreign transaction fees on top. Peanut will give you the real rate with no fees — whether you are sending to family in Argentina, paying a contractor in Brazil, or splitting a bill with friends abroad.
The UK-to-Argentina corridor is especially strong. Peanut already offers spending in Argentina via Mercado Pago at the cripto dolar rate — 5-8% better than the rate your card gives you. With Faster Payments integration, depositing into Peanut from a UK bank will become instant and free.
Who Will Use Peanut in the United Kingdom
Sending Money to Latin America
The UK has a large diaspora connected to Latin America. If you send money to Argentina or Brazil from the UK, you know the cost: wire transfer fees, multi-day waits, and exchange rates marked up by 2-5%. With Peanut, you will deposit pounds via Faster Payments (instant), and the recipient will receive local currency instantly — via Mercado Pago in Argentina or Pix in Brazil. No fees on either end.
Tourists and Travelers
UK travelers heading to Argentina, Brazil, Thailand, or other destinations face foreign transaction fees and card markups on every purchase. Peanut will let you deposit pounds, hold digital dollars, and spend in local currencies at the real rate. One app for everywhere you go.
Digital Nomads and Expats
If you are a UK resident working remotely or living abroad, Peanut connects your UK bank to local payment systems worldwide. Deposit pounds, spend pesos in Buenos Aires, reais in Sao Paulo, and more. Your balance stays in digital dollars between trips — no need to convert back and forth or maintain accounts in multiple countries.
Get Notified
Peanut is not yet live for Faster Payments in the UK, but you can already deposit via SEPA (the UK retains SEPA access for euro transfers) and withdraw digital dollars today. When Faster Payments integration launches, depositing and withdrawing in GBP will be instant and free.
Sign up now to get notified when Peanut launches Faster Payments in the UK. Verification takes under two minutes with your passport — no National Insurance Number required.
