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.
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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