As the adoption of cryptocurrency continues to grow, on-ramp and off-ramp solutions become increasingly important. On-ramps enable you to leave the traditional fiat monetary system and enter into the decentralized, blockchain-based finance system. Off-ramps let you leave the decentralized, blockchain finance system and enter into the fiat-based monetary system. On-and-off ramp payment infrastructure connects businesses and consumers to the world of crypto and Web3.
Cabital, a leading digital assets institution, developed Cabital Connect, a comprehensive fiat on-and-off ramp platform that can be integrated with businesses to enable their customers to convert fiat currency to cryptocurrencies and back again in a safe, compliant way.
Today, the company announced its partnership with Matrixport, one of the world’s largest digital assets financial services ecosystem. Through the new partnership, Cabital Connect was integrated with Matrixport to enable Matrixport’ customers to convert traditional currency to crypto and back again easily and safely. This also allows Matrixport’s users to buy and sell crypto through the widget without needing to leave Matrixport’s app, providing a seamless experience to drive conversions.
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 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.
Whether it’s API or widget integration method, Cabital Connect 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.
Source: https://thenewscrypto.com/cabital-partners-with-matrixport-to-offer-fiat-on-and-off-ramp-capability/