NoRamp
NoRamp - The Fastest Checkout in Web3.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
$300k | Seed | ||
| Total Funding | 000k | ||
NoRamp.io is a pioneering startup that provides a unique solution for merchants dealing in digital assets, such as NFTs (non-fungible tokens). The company operates in the burgeoning blockchain and cryptocurrency market, focusing on simplifying the payment process for digital asset transactions.
NoRamp's primary service allows merchants to accept fiat payments (traditional currency like USD, EUR) directly from buyers without the need for complex on-chain swapping processes. This means that buyers and sellers can transact using regular money, avoiding the high fees and spreads typically associated with converting fiat to cryptocurrency. The transaction occurs off-chain, meaning it doesn't directly involve the blockchain until the payment is confirmed. Once the fiat payment is confirmed, NoRamp communicates this data on-chain to trigger the immediate transfer of the digital asset to the buyer's wallet.
The company's business model is centered around providing a seamless and cost-effective payment gateway for digital asset merchants. By eliminating the need for centralized crypto liquidity and marketplace integration, NoRamp offers more control and lower fees for sellers. This makes it an attractive option for merchants looking to streamline their operations and reduce costs.
NoRamp generates revenue by charging merchants for the use of its data transmission service. This fee is likely lower than the cumulative costs of traditional on-chain swapping processes, making it a cost-effective alternative for businesses. The company serves a diverse range of clients, primarily those involved in the sale of digital assets like NFTs, who benefit from the reduced transaction costs and increased control over their sales process.
In summary, NoRamp.io is revolutionizing the digital asset market by enabling direct fiat payments for on-chain transactions, providing a more efficient, cost-effective, and user-friendly solution for merchants and buyers alike.
Keywords: fiat payments, digital assets, NFTs, blockchain, cryptocurrency, off-chain transactions, peer-to-peer, low fees, merchant services, data transmission.