AllianceBlock Partners With Onramper To Simplify Fiat Conversion and Make DeFi More Accessible
Onramper becomes AllianceBlock’s official partner for fiat on- and off-ramps, greatly improving the accessibility of our products for users
One of AllianceBlock’s core aims is to make blockchain and DeFi more accessible for builders, developers, and end users. With this in mind, the DeFi Terminal website was recently updated to provide a more user-friendly and intuitive user journey for everyone. In addition, AllianceBlock constantly seeks to optimize the user experience across the entire suite of solutions for blockchain builders.
For users new to DeFi, converting fiat currency into tokens is one of their first practical challenges. There are hundreds of different exchanges, which often offer markedly different conversion rates and fees. As a result, the first hurdle facing a new user is shopping around to find the best deal among a vast array of options. Indeed, this presents a significant barrier to DeFi adoption, as it is logical to assume that many potential DeFi users never make it past this first step.
Simplified fiat conversions for AllianceBlock users and clients
Today, we are very pleased to announce a strategic partnership with Onramper to simplify this process vastly. Users of AllianceBlock’s solutions will be able to quickly acquire the tokens they need without having to leave the platform — a truly seamless experience.
Onramper automatically connects to all major fiat on-ramps in one hassle-free step and selects the best conversion price. Over 200 cryptocurrencies are supported, in addition to 23 traditional payment methods, including credit cards, bank transfers, Google Pay, Apple Pay and Alipay.
Onramper’s widget will be integrated across the various platforms in the AllianceBlock suite of solutions. This will enable users to obtain the tokens necessary to engage in specific activities or projects — such as participating in liquidity mining and staking campaigns on DeFi Terminal or providing capital in fundraising rounds on Fundrs — and convert back to fiat at a time of their choosing.
Long-term strategic alliance to improve user experience and leverage AllianceBlock technologies
AllianceBlock and Onramper have also agreed to engage in a long-term strategic alliance. This involves working together to develop product offerings for mutual benefit.
AllianceBlock will work with Onramper to create a frictionless payment gateway for Data Tunnel. In addition, both companies will explore the possibilities of integrating AllianceBlock TIDV (Trustless IDentity Verification) into Onramper’s platform as an identity solution. Both will identify which technologies could be leveraged to decentralize liquidity sources further. Finally, both companies will combine research efforts to explore ways to optimize the user experience of blockchain and DeFi products, especially for those who are new to the crypto space.
AllianceBlock Co-Founder and CTO Matthijs De Vries said: “To attract new users who are not crypto natives, we must offer an intuitive and streamlined user experience. AllianceBlock’s partnership with Onramper will empower our customers to access over 200 tokens within a few clicks, using any common payment method, through a consistent user interface. This partnership reduces a significant barrier to adoption, users can participate in the AllianceBlock ecosystem without the hurdles or complexity of setting up wallets, storing private keys or seed phrases, having enough native tokens to pay for gas fees, etc., therefore enabling easier access to our products for users who are not crypto-savvy. We greatly look forward to working with the Onramper team to take advantage of further opportunities for collaboration and growth.”
Thijs Maas, Co-Founder and CEO of Onramper, added: “Capital markets are an important piece of the financial system. AllianceBlock’s decentralized approach will bring valuable opportunities to the whole crypto ecosystem, and providing an intuitive fiat on-ramping solution will play a big part in solidifying this value proposition. We’re excited to join them on their mission and look forward to contributing together to the growth of the Web3 economy.”
About Onramper
Onramper is a fiat-crypto onramp aggregator. Leading exchanges, wallets and DeFi and Web3 projects use Onramper’s API to offer end users an embedded, secure and seamless method to buy or sell cryptocurrency in a KYC-compliant fashion. Based in Amsterdam and founded in 2020, the company received $6 million in funding and supports over 23 payment methods in 180+ countries. You can learn more about Onramper, get your API keys, and start building your product here.
About AllianceBlock
AllianceBlock is building seamless gateways between TradFi and DeFi by remedying issues in both spheres and linking them more closely. AllianceBlock sees the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
They are building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities worldwide with the tools they need to access the DeFi space seamlessly.
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