Media Release — OnRamp goes live!
‘Dollars on the blockchain’ — AUDRamp, the first Australian compliant ERC20 stablecoin, has launched.
OnRamp Technologies, a blockchain specialist, has announced the first Australian operational and fully compliant fiat backed stablecoin, termed AUDRamp. This stablecoin accesses a managed investment scheme registered in June, 2018.
OnRamp provides the ability to ‘tokenise’ dollars on the Ethereum blockchain — giving ease of entry into the cryptocurrency market with the advantage of the ERC20 standard for transferrable tokens.
This is a game-changer for many Australians, who are currently assessing the cryptocurrency market and uncertain about how even to begin trading. Financial services and wealth management advisors are increasingly being approached by their clients, asking them for advice and ways they can both access and manage a portfolio inclusive of cryptocurrency. Various risks and lack of regulatory oversight have been barriers, until now.
OnRamp Technologies has also allowed easy onboarding through their alliance with Hut34 (Entropy Foundation), providers of the world’s first Google powered Ethereum wallet. Users will be provided with an OnRamp wallet that is managed through their own Google account.
The benefits of ‘Dollars on the blockchain’ have been well understood within the blockchain industry for a long time, but the regulatory and technical challenges have remained unsolved until now. The AUDR token is not restricted in any way, and can be used by the user to access new and emerging technologies openly and transparently.
“We’re thrilled to be offering OnRamp to Australian investors. Dollars on the blockchain is a regulated and compliant way for your customers to get into crypto. The first asset is AUD, and we’re accepting applications from Australians through our website.“
Tim McNamara, OnRamp Technologies Pty Ltd.
The OnRamp application itself is exceptionally easy to use, with technology taking a back seat to usability, with the aim of unlocking the power of the blockchain for all.
“Providing a managed investment scheme under the strong protection of Australian rule of law is a first, and really unlocks huge potential from here on in. We’re starting with dollars on the blockchain, and think you’ll be as excited as us to see what’s around the corner.”
Peter Godbolt, OnRamp Technologies Pty Ltd.”
About OnRamp Technologies
Learn more about OnRamp Technologies and register your interest at https://onramp.tech/
Tim McNamara — email@example.com, 0418 360 717
Peter Godbolt — firstname.lastname@example.org, 0423 169 379