Importance of Off-Ramp Capabilities for Web3 Apps
Cryptocurrency has become a popular alternative to traditional fiat currency for many individuals and businesses, but with that popularity comes the need for a safe and efficient way to convert those crypto assets back into fiat currency. This is where off-ramp capabilities come into play.
Usually integrated via a plugin or API, Alchemy Pay has launched a powerful crypto-to-fiat Off-Ramp service that has been integrated by a variety of Web3 platforms, providing their users with a one-stop shop service that allows users to move funds between crypto and fiat with ease. Alchemy Pay will transfer fiat currency to the user’s credit card, savings card or bank account via swift, Iban or local bank transfer and the user will receive his fiat assets within minutes to two hours instead of waiting for days, and currently supports 22 currencies with payouts in over 60 countries.
For a long time accessing the crypto space had been a complex and intimidating process, involving many different steps and entities. On-Ramp solutions that directly convert fiat to crypto have taken the industry by storm, and now Alchemy Pay’s Off-Ramp offers the process in reverse with fiat payouts to users’ bank accounts.
What is an Off-ramp
An off-ramp in a fiat-crypto payment processing context refers to the capability of converting crypto assets into fiat currency (e.g. USD, EUR, etc.). This is an essential component of a complete and user-friendly cryptocurrency payment solution, as it enables individuals and businesses to access the value of their crypto assets in the currency they use in their daily lives.
Try Alchemy Pay’s Off-Ramp service now.
Advantages of the Alchemy Pay Off-Ramp solution for Web3 platforms and their users:
- Instant Transfer to Bank Accounts — use Alchemy Pay ramp solution to bank accounts.
- Easy Integration — Highly customisable, a solution for crypto platforms of all sizes
- Users Can Remain — Users do the off-ramp process while on the Web3 platform that hosts the ramp
- Peerless Payout Speed — Fiat payout process begins within seconds, once crypto is received
- Multiple Crypto Assets — Users can off-ramp from 50+ cryptocurrencies
- Multiple Fiat support — Users can off-ramp with 22 fiat currencies in over 60 countries
- Competitive Fees — Among the lowest fees in the industry
- 100% Compliant — With many licenses around the globe, Alchemy Pay ensures Web3 platforms remain fully compliant
Web3 platforms that have integrated Alchemy Pay’s On & Off-Ramp service include NFT Marketplaces, DeFi Protocols, Play-2-Earn Games, Crypto Wallets, DEXs & CEXs.
Direct to Customer Payment Gateway Solutions
After first establishing the number one crypto payment system in Southeast Asia, Alchemy Pay pivoted to d2c solutions for the first time in 2022. Its On & Off-Ramp and NFT Checkout were all launched in Q3 and Q4 of this year. The constant upgrades and innovations since initial launch has created a full suite of offerings that satisfy newcomers and surprise crypto natives.
Adding to its credentials in the traditional financial space, Alchemy Pay was recently included by Visa and Mastercard as an official service provider. Good news for crypto natives too, as Ethereum Name Service (ENS) has been integrated, so that users can enter their human-readable names like ‘alice.eth’ instead of their wallet address for a more convenient experience. The key to the fiat-crypto gateway’s success is its ability to bring together a team with traditional fintech payment experience with five years of operational knowledge of cryptocurrency.
20+ Currencies, 60+ Countries Supported
Countries supported by Alchemy Pay’s Off-Ramp service: Albania, Andorra, Argentina, Australia, Austria, Azerbaijan, Bangladesh, Belarus, Belgium, Bulgaria, Canada, Chile, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Italy, Japan, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Monaco, Montenegro, Netherlands, Norway, Peru, Philippines, Poland, Portugal, Romania, San Marino, Serbia, Singapore, Slovakia, Slovenia, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Thailand, Turkey, United Kingdom, Ukraine, Uruguay, USA, Vatican City State.
Currencies supported by Alchemy Pay’s Off-Ramp service: USD, EUR, GBP, ARS, AUD, BDT, CAD, CLP, COP, HKD, INR, IDR, JPY, MYR, MXN, PEN, PHP, SGD, KRW, LKR, THB, UYU
Contact Alchemy Pay about Off-Ramp Integration
Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via email ramp@alchemypay.org or the website https://alchemypay.org/contact
