Chainge, in collaboration with TransFi, has launched a fiat on-ramp module that allows users to directly purchase tokens on more than 15 blockchains. The feature, now accessible via dapp.chainge.finance, aims to streamline the process of acquiring cryptocurrencies with fiat currencies.
Addressing Challenges in Fiat-to-Crypto Conversion
For years, converting fiat currency to cryptocurrency has required multiple steps, often limited to major tokens such as Bitcoin (BTC), Ethereum (ETH), or Tether (USDT). Users would then need to convert these into their desired tokens, adding complexity to the process.
The new fiat on-ramp, integrated into Chainge’s cross-chain decentralized exchange (DEX) aggregator, eliminates these hurdles. Users can now directly purchase tokens from over 15 blockchains without intermediate conversions, providing a simpler and more accessible entry into decentralized finance (DeFi) markets.
How It Works
Chainge’s fiat on-ramp is powered by TransFi and supports a wide range of tokens across multiple chains. Users can complete purchases in a few steps via Chainge’s platform. This integration is designed to reduce the friction traditionally associated with entering DeFi markets and broadens access for both experienced traders and newcomers.
Expanding Access to Global DeFi Markets
The initiative extends Chainge’s reach to a global audience, aiming to democratize participation in decentralized markets. TransFi, which provides global payment solutions, contributes its expertise in compliance, fraud prevention, and transaction monitoring to ensure secure and reliable fiat-to-crypto transactions.
Next Steps: Fiat Off-Ramp Coming Soon
Chainge has announced plans to launch a fiat off-ramp feature, which will allow users to sell tokens for fiat currency, completing the cycle of seamless trading. This addition is expected to further enhance the platform’s usability and appeal to a wider audience.
About Chainge
Chainge operates as a cross-chain DEX aggregator, with over $1 billion in cumulative trading volume. The platform integrates advanced trading tools and bridge infrastructure, allowing users to trade tokens across multiple blockchains.
About TransFi
TransFi, established in 2022, specializes in global payments and financial services. It supports transactions across Asia, Europe, Latin America, Africa, and North America, offering tools for compliant payouts and cross-border transfers.
For more details and to start using the fiat on-ramp, visit dapp.chainge.finance.
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