One of the consistent challenges faced by crypto exchanges, wallets and platforms is the efficient conversion of crypto assets to fiat currency for their users. We are excited to roll out our new crypto off-ramp solution that allows users to easily sell cryptocurrency directly to their Visa cards. The solution is now available in the European Economic Area (EEA) and supports instant transactions in EUR for Bitcoin (BTC) and USDT (TRC20).
Simple, fast and secure user flow
For users, the process couldn’t be simpler:
- Select: Users choose the amount of BTC or USDT they wish to sell
- Verify: First-time users complete a one-time Know-Your-Customer (KYC) verification to ensure transaction security and compliance with industry standards
- Confirm: With just a few clicks, users initiate and confirm the sell order
- Convert: The crypto is converted to EUR, reflecting the real-time market rates
- Complete: The EUR funds are then swiftly transferred to the user’s Visa card
Confronting industry challenges
The transition from crypto to fiat has traditionally been fraught with more hurdles than fiat-to-crypto on-ramps, including long transaction times, high fees, regulatory complexities, and limited accessibility. Our off-ramp solution is designed to tackle these issues head-on, offering:
- Speed: Quick processing times from sale to fund availability on the user’s card
- Simplicity: An intuitive interface that makes selling crypto as straightforward as any traditional online transaction
- Security: Compliance with regulatory standards, ensuring a secure and trustworthy service
- Accessibility: Support for all countries within the EEA, with more coming soon
- Easy integration: Zero-integration option accelerates implementation for partners with no extra development work
Bringing more value to our partners and users
For our partners, integrating off-ramps to cards into their platforms is an opportunity to enhance their offering, attract a wider user base, and generate additional revenue streams. Enabling users to seamlessly sell crypto directly to their card is more than adding a feature, it’s strategically positioning your platform at the forefront of user-centric finance.
Here’s why:
- Expanding payout options: Offering payouts directly to cards compliments off-ramps via bank transfers and caters to the growing user demand for immediate and convenient access to their funds, crucial for users who prioritize flexibility and speed in financial transactions.
- Attracting and retaining users: A platform that simplifies the crypto-to-fiat conversion process is a magnet for users looking for hassle-free transactions, offering them the confidence and peace of mind to trade, invest, and engage with crypto knowing they have an efficient exit strategy to traditional currency.
Getting started with Simplex
Looking to boost your platform’s functionality with advanced payment solutions? Simplex is ready to help. Contact us to learn how our seamless on-ramp and off-ramp integrations can upgrade your service offerings.
Already a partner? To add our new off-ramp solution to your platform, simply reach out to your Customer Success Manager to get started.
