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An Overview of the Use Cases for Crypto On-ramps and Off-ramps

One of the most important problems in crypto is the bottleneck of fiat on- and off-ramps, which is crucial in allowing users to enter the crypto world seamlessly and conveniently. Why do crypto ramps matter, and what are they good for?

We’ve talked about crypto on-and-off ramps and how it’s pivotal to increasing crypto adoption. On-ramp enables users to exchange fiat money for cryptocurrencies, and off-ramp converts the crypto back into fiat money. Without crypto ramps, Web3 services, NFT games, and DeFi apps can’t succeed if they can’t allow potential users to acquire crypto and enter the blockchain world easily.

Key Takeaways:

  • What are fiat "on-ramps" and "off-ramps" and why are they important?
  • Who would need a fiat on-and-off ramp?
  • What to look out for when considering which solution for your on- and off-ramp needs?
  • What is Cabital Connect and why should you choose our on-and-off ramp oslution?

Why is a crypto on-and-off ramp solution so important for the crypto industry?

A simple on-and-off ramp allows users to enter the crypto world seamlessly and conveniently without facing the complexity of consensus mechanisms or public-key encryption, and offering more ways to move value between traditional finance and DeFi is crucial if the world is to begin the transition to a new monetary system.

Crypto ramps are a way to connect our physical world with the digital one, including their currencies. This is essential to attract new users and new investments to the Web3 space. Hence, many businesses now are looking for a solution that can help to bridge the gap between the traditional financial system and DeFi.

Integrating a crypto on-and-off ramp solution into your business doesn’t have to be complicated or difficult, and there are simple factors that should be considered when choosing one. A solution like Cabital Connect provides all the features without requiring users to leave your website or app. 

What is a crypto on-and-off ramp good for?

What kinds of apps and services would benefit from crypto ramps? 

Centralised exchanges

Centralised exchanges (CEXs) integrate crypto on-ramp solutions because of the complexities involved with obtaining the licences or building the infrastructure required to hold fiat money. Users on CEXs want a simple, fast and trustworthy method that is also cost-effective to acquire crypto assets using fiat money, while also allowing them to get rid of it for fiat money easily.

Decentralised exchanges

Decentralised exchanges (DEXs) give users ultimate control over their crypto assets, and like CEXs, an on-ramp solution allows their users to buy a needed token while using fiat money. For full flexibility and control, DEXs also want to provide a complete ramp that allows users to convert their crypto back into fiat money for a more seamless experience.

Play-to-earn games

Web3 games have been increasingly popular, with play-to-earn games transforming the gaming world by allowing users to earn money while simply playing. Crypto assets are required to play these games, and gamers want a fast and easy way to purchase the needed tokens using fiat money. Implementing a fiat on-and-off ramp solution improves the conversion rate and decreases the barrier for new players to join.

NFT marketplaces

Non-Fungible Tokens (NFT) platforms where users can buy, sell, and swap NFTs are big business these days, and the need to buy NFTs is on the highest level. NFT marketplaces are integrating on-ramp solutions to allow users to purchase these tokens conveniently using debit or credit cards, but this is costly due to the higher processing fees vs. using local payment methods.

Crypto wallets

Adding a fiat-to-crypto bridge that allows users to make fiat deposits and withdrawals attracts more users and improves the ease-of-use.

Any Web3 service or app that’s looking to offer customers crypto can benefit from integrating with a simple and secure crypto on-and-off ramp that offers users flexibility and a seamless experience. 

Which on-and-off ramp solution do I go for?

We’ve previously covered the factors to consider when choosing the right on-and-off ramp solution for your business in this article here, and Cabital Connect is the silver bullet that helps to boost your revenue by enabling crypto purchase inside your app or website. And the infographic below perfectly encapsulates the various advantages.

Cabital Connect is a fully-integrated fiat gateway solution that offers users the ability to move in and out of the crypto world easily because of our off-ramp feature, which many solutions do not offer. This allows you to get new customers, and to service high net-worth customers who are looking for faster and more flexible on-and-off ramp capabilities to trade and invest their crypto. Integrating it into your business is simple with our innovative Widget or API method, delivering a much higher conversion rate and providing more fiat coverage with one single integration.

The last question remains: How to integrate a crypto on-ramp / off-ramp solution into your business and get new customers? Simply fill in our form here, and our team will contact you to work out the integration process. 

This article has been prepared by Cabital Fintech (LT) UAB  (the “Company”) and is general background information about some of the Company’s activities at the date of this presentation.

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