AllianceBlock Collaborates With Onramper To Make DeFi More Accessible

AllianceBlock’s primary objective is to lower the barrier of entry to the blockchain and DeFi for all parties involved including the creators, developers, and end users. Keeping this in mind, the DeFi Terminal website has recently been revamped to provide a more streamlined experience for visitors. AllianceBlock also works tirelessly to improve the overall usability of its portfolio of products for blockchain developers.

For first-time DeFi users, one of the first real-world hurdles is figuring out how to turn their fiat money into tokens. A simple Google search will reveal hundreds of different exchanges, each with its own unique set of fees and prices. Therefore, a new user’s first challenge is to compare prices and services to locate the best offer. Obviously, this is a major hurdle for widespread usage of DeFi, since many would-be adopters would likely give up after this first setup process.

AllianceBlock has announced a strategic relationship with Onramper today that will greatly streamline this procedure. AllianceBlock’s solutions provide users with a streamlined experience, allowing them to easily purchase tokens without leaving the site and no hassle with metamasks seed phrases etc.

In a single, simple action, Onramper establishes a connection to all major fiat on-ramps and chooses the most favorable exchange rate. It accepts over 200 different cryptocurrencies in addition to the more conventional 23 payment options (such as credit cards, bank transfers, Google Pay, Apple Pay, and Alipay).

The AllianceBlock suite of products will include Onramper’s widget across all of its available platforms. In this way, users may acquire the tokens they need for certain activities or projects, like taking part in liquidity mining and staking campaigns on DeFi Terminal or contributing money to fundraising rounds on Fundrs, and then convert them back into fiat currency whenever they choose.

AllianceBlock and Onramper have committed to a long-term strategic partnership. That may be accomplished by collaborating on the creation of products that will be of use to both parties.

AllianceBlock and Onramper will collaborate to provide a streamlined payment channel for Data Tunnel. Additionally, both businesses will look at the possibility of incorporating AllianceBlock TIDV (Trustless IDentity Verification) as an identity solution into Onramper’s platform. To further decentralize liquidity sources, both will determine which technologies may be used to do so. Finally, the two businesses will pool their resources to find methods to enhance the blockchain and DeFi product learning curve, particularly for newcomers to the crypto industry.

Co-Founder & CTO of AllianceBlock Matthijs De Vries said:

“To attract new users who are not crypto natives, we must offer an intuitive and streamlined user experience. AllianceBlock’s partnership with Onramper will empower our customers to access over 200 tokens within a few clicks, using any common payment method, through a consistent user interface. This partnership reduces a significant barrier to adoption, users can participate in the AllianceBlock ecosystem without the hurdles or complexity of setting up wallets, storing private keys or seed phrases, having enough native tokens to pay for gas fees, etc., therefore enabling easier access to our products for users who are not crypto-savvy. We greatly look forward to working with the Onramper team to take advantage of further opportunities for collaboration and growth.”

Thijs Maas, Co-Founder and CEO of Onramper, added: 

“Capital markets are an important piece of the financial system. AllianceBlock’s decentralized approach will bring valuable opportunities to the whole crypto ecosystem, and providing an intuitive fiat on-ramping solution will play a big part in solidifying this value proposition. We’re excited to join them on their mission and look forward to contributing together to the growth of the Web3 economy.”

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