Onramp Money provides a platform that facilitates the conversion of fiat currency to digital assets through bank transfers and local payment methods in over 30 countries, ensuring low transaction fees and high authorization rates. The service addresses the challenge of accessing cryptocurrency by enabling users to buy, sell, and swap various tokens securely and efficiently.
Funding
Funding not disclosed
Founders
Product
Problem
Many users face challenges when converting fiat currency to digital assets due to high transaction fees, low authorization rates, and limited access to local payment methods, especially in emerging markets. This makes it difficult for individuals and businesses to participate in the cryptocurrency ecosystem.
Solution
Onramp Money provides a fiat-to-crypto onramp solution that enables users to buy, sell, and swap digital assets using bank transfers and local payment methods in over 30 countries. The platform sources liquidity from multiple providers to find the best prices and supports multiple blockchains, including Ethereum, Polygon, and Binance Smart Chain. Onramp Money offers enterprise-grade, plug-and-play JavaScript integration, allowing businesses to integrate the onramp within minutes, either by redirecting users to an Onramp URL or embedding a widget directly within their site.
Target Audience
Onramp Money targets Web3 dApps (DeFi, NFT, gaming), blockchain wallets, NFT platforms, and exchanges seeking to enable their users to seamlessly convert fiat to crypto and vice versa.
Features
- Supports buying, selling, and swapping of over 400 tokens across multiple blockchains
- Facilitates transactions in 22 fiat currencies
- Offers integration via redirect URL or embeddable widget
- Provides fraud detection to reduce risks, with fraud rates below 0.01%
- Complies with privacy standards by storing minimal user data
- Supports local payment methods, including UPI, VietQR, and bank transfers
- Offers enterprise-grade JavaScript SDK for integration