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Cabital Introduces Secure Fiat On And Off-Ramp Solution For Crypto Firms Dubbed Cabital Connect
Nexo

Cabital Introduces Secure Fiat On And Off-Ramp Solution For Crypto Firms Dubbed Cabital Connect

Rida Fatima by Rida Fatima
5 months ago
in Crypto News
0
Advertisement

Cabital, a leading digital assets institution, has announced the launch of Cabital Connect, a secure fiat on-ramp and off-ramp gateway for cryptocurrency exchanges that require a simple and easy solution for their users to buy leading cryptocurrencies.

Cabital Introduces Secure Fiat On And Off-Ramp Solution For Crypto Firms Dubbed Cabital Connect
Total crypto market cap at $1.925 trillion in the daily chart | Source: TradingView.com

Cabital Connect is a business solution for cryptocurrency platforms that allow users to use fiat currencies to buy and sell cryptocurrencies.

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When cryptocurrency companies integrate with Cabital Connect, their users will have a high-quality service option to purchase top-tier cryptocurrencies, including Bitcoin, Ethereum, Tether, with great convenience and security.

“Cabital Connect’s purpose is to provide a seamless experience for people around the globe to buy and sell cryptocurrencies through our unique and secure off-chain solution between both wallets,” said Raymond Hsu, Co-Founder and Chief Executive Officer. “Cabital Connect offers cryptocurrency exchanges a safe and compliant fiat-to-crypto gateway for their users to buy and sell cryptocurrencies.” 

“As fiat on-ramp is the first step in a crypto investor’s experience, Cabital Connect offers an easy-to-use entry point for cryptocurrency exchanges looking to provide their users with another straightforward way to buy crypto. We look forward to providing many cryptocurrency exchanges with a new and exciting way of helping their users on and off-ramp with fiat currencies,” said Hsu. 

Cabital Connect is integrated with multiple leading cryptocurrency exchanges to provide customers with the most competitive rates in the industry.

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Cabital To Save Users’ Money From High Gas Fees

Furthermore, when the partners’ users buy crypto through Cabital Connect, they will not have to pay hefty gas fees because the platform transfers the crypto from its platform to their wallets through an off-chain settlement solution. The platform’s off-chain settlement mechanism will save its partners’ users a lot of fees on every transaction.

It is streamlined and industry-leading KYC processes allow users to be onboarded swiftly with the platform providing them with access to our interest-bearing crypto deposit products and connectivity to traditional financial institutions while allowing you to focus on what you do best: developing innovative products and services in the fast-growing cryptocurrency space.

Related Reading | SoFi Gets Bitlicense Approval for Crypto Trading Service

Cabital Connect’s on-and-off-ramp solution provides a seamless experience for converting between fiat currencies and cryptocurrencies using euro and pound sterling bank transfers.

In addition, Cabital Connect will continue to incorporate significant fiat currencies such as U.S. dollars, Swiss francs, and Brazilian reals into its capabilities, allowing more people across the globe to buy cryptocurrencies. 

Recently the firm announced that one of the fastest-growing cryptocurrency exchanges, Bybit became its first client to integrate the platform’s fiat on-ramp solution into their platform, allowing their users to use fiat to buy their crypto at some of the most affordable rates in the market.

Featured image from Pixabay chart from TradingView.com
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Rida Fatima

Rida Fatima

Rida is a Tech freelancer and She’s a technology and cryptocurrency geek but also writes intuitive articles on other topics. Rida's motto is ‘‘Research Deeply, Test Thoroughly, and Write Simply’.’.

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