Peanut in Italy — Send Money Abroad for Less
Deposit for free via SEPA from any Italian bank. Send money to Argentina, Brazil, and 40+ countries at the real market rate. No fees.
Italy is fully connected to Peanut through SEPA. You can deposit euros from any Italian bank account for free — 90% of SEPA deposits arrive in under 20 minutes. Once funded, you hold a digital dollar balance that you can send to anyone, anywhere, or spend locally when you travel.
Italy has deep historical ties to Argentina. An estimated 20-25 million Argentines — about 50% of the population — have Italian ancestry, a legacy of large-scale Italian emigration in the 19th and early 20th centuries. This creates significant Italy-Argentina travel and remittance flows. Brazil also has a substantial Italian community, particularly in São Paulo and Rio Grande do Sul. For Italians with family, business, or travel connections to Latin America, Peanut is the fastest and cheapest way to move money.
How It Works
- 1
Deposit via SEPA
Transfer euros from your Italian bank account to your Peanut account. SEPA deposits are free and 90% arrive in under 20 minutes. If your bank supports SEPA Instant, deposits arrive even faster.
- 2
Your balance stays in digital dollars
Your euros convert to digital dollars at the market rate. Your balance stays in dollars until you spend — no currency fluctuation between deposit and payment.
- 3
Send money anywhere
Send to anyone via Peanut Links. The recipient claims the funds and withdraws locally — via Mercado Pago in Argentina, Pix in Brazil, bank transfer, or cash at an ATM.
- 4
Spend when you travel
Traveling to Argentina? Pay at over 1,000,000 merchants via Mercado Pago QR. Visiting Brazil? Pay with Pix. Your digital dollars convert at the real market rate at the moment of payment.
What You Can Do from Italy
Send Money to Argentina
The Italy-Argentina corridor is one of Europe's most active, driven by deep family connections spanning generations. The cripto dólar rate gives you approximately 5-10% more pesos per euro than what credit cards or traditional bank transfers deliver. Deposit via SEPA from your Italian bank, and the recipient in Argentina spends instantly via Mercado Pago at over 1,000,000 merchants — or withdraws cash from ATMs. No DNI required.
Send money from Italy to Argentina
Send Money to Brazil
Italy's community ties to Brazil run deep, particularly in São Paulo and the south. Send money via Peanut and the recipient pays with Pix instantly. No CPF required. Traditional transfers to Brazil are subject to the IOF tax — Peanut bypasses that entirely.
Send Money Anywhere
Peanut supports deposits and withdrawals in 40+ countries. Send digital dollars to anyone via Peanut Links — the recipient claims the funds and withdraws locally in their currency. Whether you are paying a contractor, splitting costs with friends abroad, or supporting family, the process is simple: deposit from your Italian bank, send instantly, recipient withdraws locally.
Exchange Rate and Fees
Peanut charges no fees on deposits, transfers, or withdrawals. SEPA deposits from Italy are free. Sending money is free. The recipient spending via local payment systems is free.
Your euros convert to digital dollars at the market rate via SEPA. When the recipient spends in Argentina, the digital dollars convert to pesos at the cripto dólar rate — approximately 5-10% better than the rate credit cards and traditional bank transfers use. In Brazil, digital dollars convert to reais without the IOF tax that applies to traditional transfers.
For full details, visit the pricing page.
Who Uses Peanut from Italy
Italians with Family in Argentina
Half of Argentina's population has Italian roots. If you send money to family in Argentina, Peanut delivers more pesos per euro than any traditional service. The cripto dólar rate is approximately 5-10% better than what Wise, PayPal, or bank transfers offer. And the recipient spends instantly — no waiting days for a transfer to clear.
Travelers to Latin America
Whether you are visiting Buenos Aires, exploring Patagonia, or spending time in Brazil, Peanut saves you money on every transaction. Deposit euros via SEPA before your trip, and pay like a local from the moment you arrive. No DNI in Argentina, no CPF in Brazil — just your passport.
Digital Nomads and Remote Workers
If you work remotely from Latin America or pay contractors across borders, Peanut simplifies your financial life. Send money directly — the recipient gets local currency at the real rate. No wire transfer fees, no multi-day waits.
Getting Started
Verification
Peanut uses passport or national ID verification. Your Carta d'identità (Italian national ID card) works perfectly. The process takes under two minutes for most users. Upload a photo of your ID and take a quick selfie. Your identity documents are handled by a certified third-party verification provider — Peanut never sees or stores your documents.
Deposit from Italy
SEPA bank transfer is the recommended deposit method from Italy. Free, fast, and available from every Italian bank. Transfer euros to Peanut's SEPA details using the reference number provided in the app. 90% of deposits arrive in under 20 minutes.
You can also send digital dollars from any exchange on Solana, Arbitrum, Base, Tron, Polygon, Avalanche, or Ethereum — all deposits are free and arrive in minutes.
No hard spending limit for users in Europe. Transactions above $100,000 are reviewed manually.
