min read

Choosing the best fiat on-and-off ramp payments provider - should cost be the only deciding factor?

A guide on how to choose a good fiat on-and-off ramp payments solution for your business. Cabital Connect is a high-quality and secure solution that supports two simple integration methods - API or Widget integration.

Key Takeaways:

  • A guide on how to choose the right fiat on-and-off ramp solution for your business
  • What happened to the crypto market in the first-half of 2022? Does this mean it's a bad time for your business to stop building and innovating?
  • Factors to consider when choosing your fiat on-and-off ramp integration partner
  • What is Cabital Connect and is it an extension of Cabital’s main product & service?
  • How Cabital Connect is a superior payments solution

Crypto Is Here To Stay, Bull Or Bear

We’ve seen the increasing popularity of cryptocurrencies in the world, where we witnessed record growth in 2021 (in excess of $3 trillion in value); with different sectors flourishing and helping to push cryptocurrency further into the mainstream. Bitcoin became the largest cryptocurrency by market value, altcoins such as dogecoin became ubiquitous with the masses, and non-fungible tokens, or NFTs, saw huge sales that still bewilders a lot of us. Global cryptocurrency adoption is skyrocketing, and the market will progressively evolve from Web2 to Web3. 

Despite the recent market upheavals, and the crypto asset market’s continuous downtrend since the end of 2021, we do not necessarily think that a bearish market spells doom for the blockchain industry. The current bearish sentiment has spurred user demand for security (“not your keys, not your coins”), sensible investment strategies and resilient and compliant projects that can still provide superior service at affordable fees.

Bear markets serve an important purpose to the crypto industry - it’s during this period that great and successful projects are built. As more businesses look to increase the quality, stability and security of their crypto services and products, we see this as a silver lining - to empower these businesses to scale and grow with a high-quality and secure payments infrastructure solution.

In this article, we look at some of the factors that businesses should consider when deciding which fiat on-and-off ramp payments solution is the best, and how Cabital Connect ticks all the boxes.

Choosing A Good Fiat On-And-Off Ramp Payments Solution

What to look out for?

  1. Affordability - Your business and your users should get the best value and rate for every transaction made.
  2. Streamlined User Experience - Provide a seamless user experience that occurs within your app or platform. Prevent your users from being redirected out, which positively impacts your conversion rates.
  3. Instant process - Conversions of fiat into crypto and vice-versa should be near-instant.
  4. On- AND off-ramps for fiat and crypto - Other solutions only offer an on-ramp service, leaving the users locked into a specific cryptocurrency. Make sure the solution allows users to buy and sell crypto easily at any time.
  5. Access to fiat currencies and coverage - Offer users flexibility with payment options, not just debit/credit cards. Local methods of payment should be available, which would help you expand your reach to global markets.
  6. Security and risks - The solution should provide compliance checks for KYC, fraud and identity.
  7. Smooth integration - The integration process should be simple, and tailored to your business needs. Consider how much integration resources are required as well.
  8. Support and partnership - Integrating with a payments provider shouldn’t be a one-off transaction, if there are additional co-marketing opportunities, it provides a win-win situation for both parties.

Cabital Connect: An integrated on-and-off ramp solution that is simple, secure and built to convert

What is Cabital Connect and is it an extension of Cabital’s main product & service?

Cabital provides a crypto exchange service, allowing users to swap crypto for fiat and vice versa at the best exchange rates via bank transfers. We support fiat currencies such as BRL, CHF, EUR, GBP, VND, and will be expanding our coverage to provide more currencies and payment methods for users and businesses. The crypto-to-fiat payments and vice versa are powered via the Cabital platform, making it easy for partners to extend their reach globally.

For businesses looking to integrate a payments infrastructure solution to improve conversions, Cabital Connect offers a seamless fiat on-and-off ramp solution that allows your users to buy and sell crypto within your platform, all at competitive prices. 

As a fully-integrated fiat gateway solution, your users can move in and out of the crypto world seamlessly. Whether you users are depositing and purchasing crypto with fiat money, or withdrawing their digital assets in the fiat currency of their choice, they’ll find the entire streamlined process to be incredibly intuitive.

Cabital Connect allows for a streamlined fiat on-ramp process

How Cabital Connect is a superior payments solution

  1. We offer competitive rates that benefit integration partners and their end-users. Fees are transparent and fair, because we don’t charge any platform fees, and there are no unexpected transaction fees. Your users also get the best rates because of the low conversion spread, and don’t need to pay gas fees due to our off-chain settlement solution. Find out more here.
  2. A common issue that users face when converting fiat to crypto or vice versa is that they would often have to leave the platform to search for another app to handle that part of the process. With Cabital Connect, the steps in-between are eliminated, and the user journey happens within your app or website, helping to reduce drop-offs and dramatically improve conversions.
  3. The whole process is seamless and near-instant with Cabital. From depositing fiat, converting fiat to crypto, transferring crypto from our app to your platform – users do not have to wait for many days or weeks for the process to be completed.
  4. Off-ramps are complementary to on-ramps, and are just as important in bridging the gap between fiat and the crypto world. Direct fiat exchange is not a common feature of many crypto exchanges, and others only feature on-ramp capabilities. Cabital Connect provides both functionalities, so your users get to buy and sell cryptocurrencies easily.
  5. Many on-ramp solutions offer users the convenience of using credit/ debit card payments. However, they are costly and there is the risk of chargebacks for integration partners. Cabital offers local payment methods that allow users to buy and sell crypto using their local currencies with bank transfers. We’ll be expanding our payment options soon by offering USD SWIFT, credit cards and others, to offer users even more flexibility.
  6. We take KYC, Fraud, and Identity seriously. Cabital Connect is a reliable and compliant solution that meets regulatory requirements.
  7. Integration with Cabital Connect is straightforward. We offer two integration methods that are customised to your business needs and provide a great user experience:
    ▶ Widget
    - Requires less resources, and makes for an easy way for businesses to onboard and off-board their users.
    ▶ API Integration
    - See an example of API integration with our partner, Bybit here.
  8. We consider partnerships as a two-way street. Your business will be connected to the users on our platform, and there is opportunity for co-marketing partnerships, helping you reach a wider audience more efficiently. 

We support companies across a wide range of industries. Whether your business is a crypto wallet, a decentralised or centralised exchange, an NFT platform, a Web3 gaming platform, a neobank, or one that is looking to offer your customers crypto - our Cabital Connect solution is perfect for you.

To integrate with Cabital, contact us here!

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.

This article does not contain all the information that is or may be material to you and should not be considered as advice or a recommendation to you in respect of the holding, purchasing or selling of digital assets and does not take into account your particular objectives, financial situation or needs. This article has been made to you solely for information purposes. This presentation may be amended and supplemented as the Company sees fit, may not be relied upon for the purpose of entering into any transaction and should not be construed as, nor be relied on in connection with, any offer or invitation to purchase or subscribe for, underwrite or otherwise acquire, hold or dispose of any digital assets, and shall not be regarded as a recommendation in relation to any such transaction whatsoever. The contents of this presentation should not be considered to be legal, tax, investment or other advice, and you  should consult with your own counsel and advisers as to all legal, tax, regulatory, financial and related matters concerning an investment in or a disposal of such digital assets and as to their suitability for you.

This presentation and its contents are proprietary to the Company, and no part of it or its subject matter may be reproduced, redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person (excluding the relevant person’s professional advisers) or published in whole or in part for any purpose without the prior written consent of the Company.

This article contains forward‐looking statements. Such forward‐looking statements involve known and unknown risks, uncertainties and other important factors. Certain forward‐looking statements are based on assumptions or future events which may not prove to be accurate, and no reliance whatsoever should be placed on any forward-looking statements in this article.

The information in this article has not been independently verified. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the presentation and the information contained herein and no reliance should be placed on it. Information in this article (including market data and statistical information) has been obtained from various sources (including third party sources) and the Company does not guarantee the accuracy or completeness of such information.