Fiat Off-Ramp
Quick Answer
A fiat off-ramp converts cryptocurrency into fiat currency and deposits it into a bank account. SpacePay provides same-day fiat off-ramping for merchants.
Full Definition
A fiat off-ramp is the mechanism by which cryptocurrency is converted into fiat currency and deposited into a traditional bank account. Off-ramping is the final step in the crypto payment flow for merchants who want to receive settlement in their local currency. Off-ramp providers are typically licensed VASPs or banking partners that handle the conversion and wire transfer. SpacePay provides same-day fiat off-ramping so merchants receive funds quickly without holding crypto exposure.
Related Terms
Fiat Currency
Fiat currency is government-issued money like USD, EUR, or GBP. In crypto payments, fiat is the settlement currency most merchants prefer — they accept crypto but receive fiat.
Fiat On-Ramp
A fiat on-ramp converts traditional currency into cryptocurrency, allowing users to purchase crypto using bank transfers or credit cards to fund their wallets.
Finality
Finality is the guarantee that a blockchain transaction cannot be reversed once confirmed. Faster finality means faster checkout and lower fraud risk for merchants.