On ramp
An on-ramp (or on ramp) refers to services or platforms that facilitate the conversion of fiat currency into cryptocurrency, enabling onboarding. These services often include exchanges, payment processors, or integrated solutions within blockchain applications that allow users to purchase digital assets using traditional payment methods like credit cards or bank transfers.
For web3 developers, incorporating on-ramp solutions into their applications can significantly enhance user adoption by simplifying the process of acquiring cryptocurrencies. This integration lowers the barrier to entry for new users, providing a seamless transition from traditional finance to decentralized platforms.
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