Matrixport Partners with Cabital to Offer Fiat On-and-Off Ramp Capability
Matrixport has added Cabital's fiat on-and-off ramp integration to its platform, enabling users to convert a wide range of fiat currencies, including GBP, EUR, and CHF, to cryptocurrencies and back again instantaneously.
🚀 Cabital is Matrixport’s new fiat on- and off-ramp partner
Cabital, a leading digital assets institution, today announced its partnership with Matrixport, one of the world's largest digital assets financial services ecosystem. Through the new partnership, Cabital Connect, a comprehensive fiat on-and-off ramp solution was integrated with Matrixport to enable Matrixport’ customers to convert fiat currency to cryptocurrencies and back again in a safe, compliant way.
Cabital Connect is integrated with Matrixport via a new widget integration method, which offers business partners a more efficient way to integrate and maintain the fiat on-and-off ramp platform, requiring fewer resources. This also allows Matrixport’s users to buy and sell crypto easily through the widget without needing to leave Matrixport’s app, providing a seamless experience to drive conversions.
An easier way to buy and sell cryptocurrencies on Matrixport
Through Cabital Connect, Matrixport’s users can buy and sell crypto using a wide range of fiat currencies, including CHF, EUR, and GBP using local bank transfer methods instead of costly credit cards and wire transfers. With Cabital, the high transaction fees are eliminated, hence helping to optimise the returns for Matrixport’s users on their investment products.
Cabital’s local payment capabilities offer users a safer and more secure way to convert fiat into crypto, and they are able to enjoy more value with each transaction due to Cabital's competitive exchange rates and low transaction costs.
Cabital Connect’s other notable functionality is crypto off-ramp, which makes Cabital Connect a comprehensive solution that makes it convenient for Matrixport users to convert their crypto back to fiat, and to withdraw back to their bank account. With Cabital’s off-chain settlement solution, transfer fees are also much lower, as users do not have to pay hefty gas fees. Cabital Connect provides important benefits to customers looking to move their assets easily, and without the hassle.
Cabital Connect is easy to set-up, and offers a flexible solution to onboard customers to crypto
Whether it’s API or widget integration method, Cabital Connect solution offers business partners a reliable solution that meets compliance requirements. The first time a customer buys with Cabital, they will go through a simple know-your-customer (KYC) process to help prevent, identify, and mitigate risks. After verification, users can convert their fiat to crypto to invest, trade and leverage crypto assets on Matrixport without leaving the app.
Kavi Saglani, SVP Marketing & Communications of Matrixport said: “Our customers now have more ways to get their crypto. The partnership with Cabital complements and expands our on-and-off ramp offerings with the same high level of convenience and user-friendly experience that our customers have come to expect. These are important attributes that are crucial in embracing the next wave of digital assets adoption.”
“As the crypto and Web3 ecosystem continues to grow, there is greater demand from partners to build a compliant-centric fiat-to-crypto on-and-off ramp that allows users to safely purchase crypto through localized payment methods,” said Raymond Hsu, Co-Founder & CEO of Cabital. “This added flexibility is another step in our mission to make crypto accessible to all, and to provide a simple, secure, and sensible user experience.”
Cabital’s plans to power more Web3 and digital asset platforms with its payments infrastructure that connects businesses and consumers to the world of crypto and Web3.
Contact our sales team and we'll discuss how we can help you integrate with our fiat on-and-off ramp solution.