Fiat-to-crypto payments aggregator Onramper announced the launch of its off-ramp service, which aims to assist users in securely and seamlessly converting their crypto holdings into fiat currency.
The service, named “Offramper,” integrates leading off-ramp providers in a “single sweep," offering global coverage, diverse payout methods and better prices, Onramper’s press release said. The platform is launching with a network of off-ramp providers, including MoonPay, Alchemy Pay, Banxa, Onramp.Money, TransFi, Koywe and Unlimit.
Upon launch, the new off-ramp service will support 46 fiat currencies and over 500 cryptocurrencies across 200 countries, off-ramping to 39 payment methods including credit cards, bank accounts and PayPal, according to the release. With smart routing, the new service pairs users with the optimal off-ramp provider based on location and preferences.
“Onramper reduces engineering overhead, while increasing conversion and reducing end-user fees with smart routing, and our new off-ramp stack is built on those same principles,” said Thijs Maas, CEO of Onramper.
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Wallet providers Cake Wallet and Bifrost Wallet will soon integrate Offramper for their users, according to Onramper’s press release.
Netherlands-based Onramper said in the release that its on-ramp service allows users of clients to buy more than 2000 digital assets in over 190 countries with over 130 payment methods in 120 currencies.
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