Offramp transforms web3 wallets into USD current accounts, enabling users to make everyday purchases with stablecoins through a web or Telegram app. The platform offers free virtual and physical VISA cards, ACH and wire payment capabilities, and a savings account with a 5.09% APY, addressing the need for accessible and efficient financial services in over 160 countries.
Funding
Funding not disclosed
Founders
Product
Problem
Converting cryptocurrency to fiat currency for everyday purchases can be cumbersome, often requiring users to navigate complex exchanges and incur significant fees. Traditional banking systems lack seamless integration with digital assets, limiting the utility of stablecoins for real-world transactions.
Solution
Offramp provides a platform that bridges the gap between cryptocurrency and traditional finance, enabling users to spend stablecoins like USD. Users can obtain virtual and physical VISA cards, facilitating everyday purchases both online and offline. The platform also supports ACH and wire transfers, allowing users to receive payments in USD. Additionally, Offramp offers a savings account that generates yield from US Treasury bonds.
Target Audience
The primary target audience includes cryptocurrency users seeking a convenient way to spend stablecoins and access traditional financial services, as well as individuals in countries with limited access to traditional banking infrastructure.
Features
- Virtual and physical VISA cards for spending stablecoins anywhere VISA is accepted
- ACH and wire transfer capabilities for receiving USD payments
- Savings account offering a 5.09% APY derived from US Treasury yields
- Support for funding accounts with both cryptocurrency and fiat currency
- Compatibility with major EVM chains, including Ethereum, Base, Arbitrum, Optimism, Polygon, and Avalanche, as well as Solana, Tron, and TON
- Integration with popular centralized exchanges like Binance and Coinbase, and web3 wallets like Metamask and Phantom
- Availability in over 160 countries