English
Arabic
Chinese (Simplified)
Indonesian
Russian
zug, SWITZERLAND, April twenty fifth, 2024, Chainwire
Velocity Labs is proud to announce a fiat to crypto onramp utilizing Ramp Community by the combination of Asset Hub. By means of it, Ramp will be capable to service any parachain within the Polkadot ecosystem.
Onramps from fiat to crypto have traditionally been one of many greatest ache factors with regard to DeFi accessibility. Due to the tireless builders who recognized this challenge early on, and have been working with regulators, bank card issuers and different fee infrastructure suppliers, the excessive boundaries to crypto entry are about to be a factor of the previous.
In November of final 12 months, Velocity Labs started talks with Ramp, the main onramp infrastructure supplier for web3. The target was easy: maximize Asset Hub’s accessibility, and to get it to its full potential.
Asset Hub is a system parachain thought-about the “dwelling base” of property within the Polkadot blockspace ecosystem. It allows the creation, administration, and use of property within the Polkadot community. As a system parachain, it has a trusted relationship with the Polkadot Relay Chain, permitting for porting of DOT from the Relay Chain to Asset Hub. Asset Hub is essential for the emission of tokens just like ERC-20 (the Ethereum customary powering DeFi on that chain) and the upcoming and future resurgence of DeFi on Polkadot. Nonetheless, Asset Hub has many constraints, notably round UX and DevEx. Recognizing the potential of Asset Hub and its significance, Velocity has been working tirelessly to deal with these limitations.
Ramp is a monetary know-how firm constructing options that join the crypto economic system with right this moment’s international monetary infrastructure. By means of its core on- and off-ramp merchandise, Ramp supplies companies and people throughout 150+ international locations with a streamlined and clean expertise in changing between cryptocurrencies and fiat currencies. Ramp is absolutely built-in with the world’s main fee strategies, together with debit and bank cards, financial institution transfers, Apple Pay, Google Pay, and extra.
About Velocity Labs
Velocity Labs is a DeFi and infrastructure growth firm based with the target of remodeling the Polkadot blockspace ecosystem right into a thriving hub for DeFi innovation. A staff shaped by Polkadot veterans and DeFi consultants, Velocity Labs is dedicated to constructing important market infrastructure and tooling to unlock Polkadot’s full potential.
Extra data on velocitylabs.org
Velocity Labs actively trying to find builders to affix us in creating essentially the most environment friendly and resilient ecosystem for DeFi on Polkadot. In the event you assume that is you, please get in contact with us by this type.
Contact
ops lead
MARIA PAULA FERNANDEZ
Velocity Labs AG
[email protected]