Beta Ramps provides a payments network that facilitates cross-border money movement using stablecoins and fiat currencies. The platform enables businesses to send, receive, and manage global payments with real-time visibility and reduced foreign exchange costs. It integrates with major blockchains to offer seamless conversion to local currencies for recipients.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses face challenges in efficiently managing cross-border transactions, especially when dealing with a mix of traditional currencies and cryptocurrencies. Existing solutions often lack real-time settlement, struggle with local payment methods in Latin America, and present complexities in risk and compliance monitoring.
Solution
Beta provides a payments infrastructure that enables businesses to manage cross-border transactions with real-time settlement in both fiat and crypto. The platform offers virtual accounts in local currencies, facilitating efficient treasury management and local payment processing, particularly in Latin America. Beta's solution includes API connectivity for seamless integration, currency exchange with competitive rates, and tools for managing risk and compliance. By supporting local payment methods and offering instant settlement, Beta streamlines cross-border payments and simplifies crypto on/off ramps for Web3 businesses.
Target Audience
The primary target audience includes fintechs needing to manage liquidity in exotic currencies and crypto assets, as well as B2C businesses aiming to improve cash flow by managing payments in local currencies, and Web3 companies.
Features
- Virtual accounts in local currencies for efficient treasury management
- Real-time cross-border payments with instant settlement in fiat and stablecoins
- 24/7 currency exchange with competitive rates, including exotic currencies
- API connectivity for seamless integration with existing systems
- Support for local payment methods in Brazil, Argentina, Mexico, and Chile
- Global coverage for processing credit and debit card transactions
- Crypto on/off ramps for Web3 businesses
- Risk and compliance monitoring tools
- Custodial wallets with Multi-Party Computation (MPC)