Onramp.Money and Paxful Join Forces to Expand Global Crypto Access

Onramp.Money and Paxful announce a strategic partnership to enable users in 15 countries to purchase cryptocurrencies using local fiat currencies via bank transfers. The partnership aims to increase global financial inclusion and make digital currencies more accessible and affordable.

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Bijay Laxmi
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Onramp.Money and Paxful Join Forces to Expand Global Crypto Access

Onramp.Money and Paxful Join Forces to Expand Global Crypto Access

Onramp.Money, a prominent fiat-to-cryptocurrency transaction provider, has formed a strategic partnership with Paxful, a peer-to-peer marketplace that serves over 150 countries. This collaboration enables users in 15 nations, including India, Turkey, UAE, and Mexico, to purchase cryptocurrencies such as USDT, USDC, BTC, and ETH using their local fiat currencies via bank transfers.

Why this matters: This partnership has the potential to increase global financial inclusion by making digital currencies more accessible to people in developing countries, thereby bridging the economic gap. Furthermore, it can lead to increased adoption of cryptocurrencies, which can have a significant impact on the global economy and financial systems.

The partnership offers several key benefits to users. It increases affordability by allowing access to major cryptocurrencies at lower costs, reducing transaction fees and encouraging broader participation. The integration of Paxful's escrow services and Onramp.Money's expertise ensures robust security, safeguarding funds and enhancing user confidence. Additionally, the user-friendly design accommodates both experienced traders and newcomers to digital currencies.

Gaurav Dahake, CEO of Onramp Money, expressed enthusiasm about the collaboration, stating, "Onramp.Money is excited to partner with Paxful to transform how digital currencies are purchased and sold worldwide." Roshan Dharia, CEO of Paxful, shared a similar sentiment, commenting, "Paxful is proud to further global financial inclusion with the help of Onramp.Money."

Onramp. Money is a leading provider of fiat-to-crypto onramps and offramps, offering a seamless and secure way for users to trade cryptocurrencies using their fiat currencies. The platform supports over 350 tokens and operates in more than 30 countries. Paxful, on the other hand, is a global payment network that allows anyone to move money nearly anywhere, powered by a borderless community of cryptocurrency traders. It boasts an impressive user base of 12 million on its platform and serves over 150 countries with 450+ on-ramps available.

The partnership between Onramp. Money and Paxful marks a significant step forward in expanding global access to cryptocurrencies. By leveraging their combined expertise and resources, the two companies are poised to make digital currencies more affordable, secure, and user-friendly for millions of people worldwide. As the demand for cryptocurrencies continues to grow, collaborations like this play a crucial role in driving adoption and fostering financial inclusion on a global scale.

Key Takeaways

  • Onramp.Money and Paxful form strategic partnership for fiat-to-crypto transactions.
  • Users in 15 countries can buy cryptocurrencies with local fiat currencies via bank transfers.
  • Partnership aims to increase global financial inclusion and cryptocurrency adoption.
  • Benefits include lower costs, robust security, and user-friendly design.
  • Partnership marks a significant step in expanding global access to cryptocurrencies.