Users want to be able to exchange their fiat to crypto and access their favorite decentralized applications.
Onmeta is a B2B fiat to crypto payment gateway that will allow new users to buy your/any token with Indian-native payment methods (Debit/Credit card, Netbanking, UPI). It is the one-point solution for On & Off Ramp requirements for all Gaming DApps, DeFi protocols, NFT marketplaces and wallets on Polygon.
One can say, Onmeta is the bridge between web2.0 and web3.0 bringing users in and out of the crypto world.
In the current paradigm of web3, a user of a dApp has to first (i)buy native currencies on a CEX, (ii)send assets to self on a non-custodial wallet like Metamask, (iii)find which DEX their desired token is present, (iv)go to the DEX and swap their native currency for the token they want and then (v)come back to the dApp to use it. This is poor UX.
On one hand, they have a small number of users who are familiar with the poor UX of web3, and on the other hand they have web2 users who have heard of crypto but are intimidated by the same poor UX. The key to unlocking the latter is to provide better and easy onramp solutions to these non-native crypto users. Onmeta is building exactly that– an easy-to-integrate, easy-to-use, simple and fast fiat<>crypto payment portal.
Projects that are live and being built on the Polygon network can integrate with the Onmeta’s onramp widget with which new users can directly buy their native tokens without having to leave the platform. With Polygon’s full-stack scaling solution and low gas prices, they aim to enable faster fiat on-ramping for any dApp on Polygon.
The product architecture is also designed to optimize for the best quote from various DEXs, providing better conversion rates for users.
Users will be able to pay in Indian Rupees using native payment methods (Debit/Credit card, Netbanking, UPI).
Get started here.
Founded by Bharath T and Krishna Teja, Onmeta is the one-point solution for On & Off Ramp requirements for all Gaming DApps, NFT marketplaces and wallets. Currently on the Polygon chain, Onmeta aims to empower decentralised applications by bringing the next billion users on-chain, with contemporary focus on South Asia.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 3.4B+ total transactions processed, ~135M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.
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Source : cryptodaily.io