On-ramp and off-ramp
An on-ramp converts bank money into stablecoins. An off-ramp converts stablecoins back into money in a bank account.
Definition
Ramps connect the banking system with blockchains. On-ramps take dollars or euros from a bank account and deliver stablecoins. Off-ramps do the opposite. In the US and many other countries, both are regulated services, so providers ask for identity checks.1
How they fit into payouts
A business funds payouts from its bank account through an on-ramp. The payee receives stablecoins and can keep them or use an off-ramp to move the money to a local bank account.
What to check
- Conversion fees and spreads
- Supported currencies, networks and countries
- KYC requirements of the ramp provider
- How long the money takes to arrive in the bank account
How Talentir helps
Talentir handles the conversion, so you fund payouts in fiat and creators receive stablecoins. See global payments
Related topics
What are stablecoins?
Stablecoins are digital tokens designed to keep a stable value, usually 1:1 with a currency like the US dollar or the euro, most often backed by reserves.
Crypto wallets
A crypto wallet holds the keys that control stablecoins. Wallets are either self-custodial or custodial.
Currency conversion (FX)
FX conversion changes money from one currency to another. The rate and the spread you get decide how much the payee receives.
KYC and KYB
KYC (Know Your Customer) verifies a person's identity. KYB (Know Your Business) verifies a company, its owners and the people who act for it.