SkyPrivate Now Offering Layer 2 Payouts via zkSync

In announcing the new payouts, SkyPrivate said it made the move due to Bitcoin network congestion, which led to delayed payouts and increasingly high transaction fees. SkyPrivate offers a “24-hour Bitcoin payout promise” – one that was become more and more challenging for the company to keep in the context of the Bitcoin network congestion and the delays caused by it.

With the addition of the new Layer 2 payout method, models using the SkyPrivate platform can now expect “24-hour payouts, with no exception,” the company said. SkyPrivate also noted that lower minimum balances are now required for payout to occur, with the threshold dropping from $150 all the way down to $50. The minimum balance for Bitcoin payouts is now set to $500.

SkyPrivate has also added Ethereum as a payout option in Layer 1, in addition to Bitcoin. Models can also now choose between: Ethereum, USDT and USDC.

The company also announced that models can now cash in within one week (instead of two), if they choose one of the bank transfer methods available on SkyPrivate – or they can cash in within three days (instead of 7) if they choose one of the wallet-based payment solutions, Paxum (for US Dollars) or ePayService (for Euros).

SkyPrivate said despite the challenge of doing so, the company “sticks to its 24-hour promise for any type of crypto payouts, be it in Layer 1 or Layer 2.”

For more details on SkyPrivate’s new Layer 2 payment methods and the steps to take on the zkSync platform to start using them, click here.