WALLETS

Onramper launches crypto off-ramp service with MoonPay, Alchemy Pay and others

theblock.co 09/09/2024 - 13:00 PM

Onramper Launches Off-Ramp Service

Fiat-to-crypto payments aggregator Onramper has launched its new off-ramp service, aimed at helping users securely and seamlessly convert crypto holdings into fiat currency.

Overview of Offramper

The service, termed Offramper, integrates various leading off-ramp providers into a single platform. This offers global coverage, diverse payout methods, and competitive prices as stated in Onramper’s press release. The initial network of off-ramp providers includes:
– MoonPay
– Alchemy Pay
– Banxa
– Onramp.Money
– TransFi
– Koywe
– Unlimit

Supported Features

With its launch, Offramper will support:
46 fiat currencies
Over 500 cryptocurrencies
– Coverage across 200 countries
– Off-ramping to 39 payment methods, including credit cards, bank accounts, and PayPal.

Smart Routing

The service employs smart routing, which pairs users with the best off-ramp provider based on their location and preferences.

> “Onramper reduces engineering overhead while increasing conversion and decreasing end-user fees with smart routing. Our new off-ramp stack is built on those same principles.” — Thijs Maas, CEO of Onramper.

Integrations

Wallet providers Cake Wallet and Bifrost Wallet are set to integrate Offramper for their users.

On-Ramp Service

Onramper’s on-ramp service enables clients to purchase more than 2000 digital assets in over 190 countries using 130 payment methods in 120 currencies.




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