Fiat On-Ramp
Quick Answer
A fiat on-ramp converts traditional currency into cryptocurrency, allowing users to purchase crypto using bank transfers or credit cards to fund their wallets.
Full Definition
A fiat on-ramp is the process of converting traditional fiat currency into cryptocurrency. On-ramps allow users to purchase crypto using bank transfers, credit cards, or other traditional payment methods. For payment ecosystems, on-ramps enable customers to fund their wallets before making purchases. On-ramp providers include exchanges, fintech apps, and embedded widget services.
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 Off-Ramp
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.
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.