Public Mint
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Public Mint

All roads lead home — Public Mint as a natural crypto ramp

The fiat-native blockchain is the ideal doorway in and out of the cryptoverse. Read more.

What’s a ramp, and what does it do?

First, let’s focus on the difference between on-ramps and off-ramps — and this is an easy one: an on-ramp allows you to to transform fiat money (like Dollars and Euros) into any crypto asset, whereas off-ramps allow you to transform those same crypto assets back into traditional currency. To those that work both ways, allowing you to get in and out of the cryptoverse, we simply call ramps.

  • If the address owner has already been through KYC, then instructions are automatically sent to our custodian partner, who will proceed to transfer funds to the designated bank account.
  • After the transaction is signed and the custodial account is updated, the corresponding on-chain digital representation of the Fiat funds is automatically destroyed.

Minting a tighter World

Much is being said about web3’s devious intents of creating an unregulatable parallel economy, but once you start out as a fully compliant means of connection between both worlds, those arguments fly out the window, giving way to a more positive vision — one of true financial democratization.

“Finance democratization means that ALL have the same level of access to these opportunities — which applies to people and corporations, big or small.”

Use cases

One way to on-ramp funds, particularly popular in less developed countries, is peer-to-peer transfers, or P2P. This is when someone that wants to convert their cryptocurrencies into fiat trades directly with someone who wants to buy cryptocurrencies with fiat. The latter would make a bank transfer to the former, who would then transfer said cryptocurrency into the other person’s wallet, foregoing the need for any middle man.

About Public Mint

Public Mint is an open and complete blockchain platform for fiat money, where funds are fully collateralized and held on deposit with regulated, FDIC-insured institutions. Public Mint offers an open, fiat-native blockchain and APIs, ready for anyone to build fiat-based applications and accept credit cards, ACH, wire transfers, stablecoins and more. On top of that, the Public Mint EARN platform offers users automated and diversified returns on USD assets, leveraging the power of blockchain and DeFi.

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