Streamlining Global Fiat to Crypto Onramps with Decaf Wallet

Decaf
3 min readMar 26, 2024

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At Decaf Wallet, we’re committed to making crypto accessible to everyone, especially as we strive to onboard the next billion users onchain (into non-custodial wallets). Here’s a breakdown of how we’re simplifying the process.

The cheapest and most global ramps for any non-custodial wallet.

How Most People Buy Crypto

In today’s world, acquiring crypto often involves centralized exchanges (CEXs) or peer-to-peer (P2P) platforms. Whether you’re using Coinbase or Binance P2P, the goal remains the same — getting your hands on digital assets.

Getting Crypto Onchain

But the real challenge lies in getting your crypto onto the blockchain, where you truly own your assets. This typically involves transferring from a CEX or buying from a third-party ramp provider. However, these methods can be cumbersome and expensive.

Introducing Decaf Wallet Solutions

Enter Decaf Wallet. We’ve revolutionized the onramp experience by offering multiple avenues for acquiring crypto:

  1. Cash Purchases at MoneyGram: We’ve made it possible to buy USDC with cash at MoneyGram locations, completely fee-free. This option provides global accessibility, catering to users across diverse geographies.
  2. Direct Trading with Trusted Local Providers: Recognizing the importance of localized solutions, we facilitate direct connections to trusted P2P sellers in regions where banking integration is challenging. From Nigeria, to Sierra Leone, to Colombia, our platform ensures seamless access to crypto using local payment methods like Mobile Money and local Neobanking products.
  3. Bank Account Transfers (no added fees): We’re also rolling out bank account transfers with the lowest fees across the US, Africa, Latin America, and Europe. With Decaf Wallet, you can convert funds from your bank account into USDC effortlessly.
  4. Pay with card: You can still pay with card via existing partners, Unlimit or Kado. While paying by card may not be the cheapest option due to fees, it is still convenient for quick purchases.
Choose your country and currency to see what methods are available for your country.

The Future of Onramping

But we’re not stopping there. Our upcoming update will introduce US routing numbers, making it even easier to transfer funds from your US account directly to your Decaf Wallet, where they’ll be converted into USDC seamlessly.

A US bank account to onramp USDC in your wallet. No longer do you need a CEX to ramp.

With these innovations, we’re paving the way for the most seamless USDC ramp onchain ever. Whether you’re receiving payments from a US employer or transferring funds from your own US bank account, Decaf Wallet empowers you to dive into decentralized finance and tokenized assets with ease. This will be accessible to people in regions that could never have access to a US bank account.

Stay Tuned for More: Keep an eye out for our next article in the series, where we’ll delve into global offramps, and other new features coming in the wallet which will further expand accessibility and usability in the crypto space.

Let’s change how you crypto. Join us as we revolutionize the way the world interacts with digital assets. #DecafWallet #CryptoOnramps #FiatToCrypto

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Decaf
Decaf

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