Polar is a global financial platform that enables individuals and businesses to manage, receive, send, save, and invest USD earnings internationally. Through the Polar app and website, users can open a U.S. bank account in minutes using just a phone and local ID, without needing a U.S. ID or social security number.
Polar’s core offering centers on simplifying international access to U.S. banking services and dollar-based financial management. Users can:
- Receive earnings easily with a U.S. bank account.
- Accept deposits in USDT or USDC stablecoins.
- Send fast and low-cost transfers to 123 countries, including direct bank and mobile money transfers in 79 countries and USDT transfers to crypto exchanges in 118 countries.
- Save in U.S. dollars with interest rates between 2-6% APY, calculated and paid out every second with no lockups or fees.
- Invest in assets such as gold, Bitcoin, and Ethereum with as little as $1, trading 24/7.
The platform is designed to help users outside the United States access dollar-denominated savings and investment opportunities without traditional barriers, making it especially useful for freelancers, remote workers, and entrepreneurs who earn in USD but reside globally.
Who Uses Polar?
Polar serves a diverse international customer base, including individuals like Andreina, Diego, Nicholas, Pete, Murad, and Ted. The platform appeals to users who require flexible, cross-border USD banking and investment solutions, particularly in regions where access to U.S. financial products is limited or costly.
How Was Polar Started?
While specific founding details or leadership profiles are not publicly available, Polar’s mission is reflected in its product design: to make U.S. dollar accounts, savings, and investments accessible to anyone globally, with minimal requirements and no traditional banking restrictions.
What Makes Polar Different?
Polar differentiates itself by providing instant access to U.S. banking functionality without U.S. residency, integrating stablecoin support, and offering real-time interest payouts and low entry points for investments. Its global reach—supporting transfers to over 100 countries and crypto exchanges—makes it a comprehensive solution for international earners and savers.
Use PromptLoop to Uncover Company Data
Looking for more company insights like this? PromptLoop helps you go deeper, providing unique data points and analysis on companies like Polar and many others. Automate your research and find the information that matters most. Discover how PromptLoop can accelerate your market intelligence. Get A Free Demo to learn more.