In the 21st century, technology is at the heart of any successful business. And in the world of cryptocurrencies, NFTs, and other digital assets, the need for reliable and efficient data transmission solutions has never been greater. That’s where NoRamp comes in. But what is it and what role does it play in data transmission and merchant solutions?
What is NoRamp?
NoRamp helps send and receive payments quickly, without hassle. It is essentially a data transmission platform and merchant services tool. NoRamp gives merchants the ability to sell their digital assets in fiat currency, meaning they can be traded for physical money. Thus, merchants who use the NoRamp tool must go through the same KYC process as everyone else. And being a merchant services tool, it only provides services to digital asset sellers and not buyers.
NoRamp allows traders and investors to move digital assets between merchants, wallets, and exchanges with ease. It is designed to make digital transactions faster, more secure, and easier than ever before.
Why should digital asset sellers choose NoRamp?
What makes NoRamp so special is its best feature. Basically, it enables fiat currency as a mode of payment. But doesn't any other data transmission service do that? In the world of digital assets, the simple answer is no. While other companies are focused on merchant solutions that allow crypto payments and digital asset exchanges only, NoRamp has found the solution to minimize the risk associated with the digital asset market.
Essentially, NoRamp stands alone among other solutions companies that are providing fiat-for-NFT and fiat on-ramp solutions. This is because it allows marketplace sellers to receive direct payments from their buyers in fiat currency. Therefore, people who are selling their digital assets don't have to base the value of these assets on the unstable market price of the original coin. Plus, people who end up reselling their digital assets also don't have to concern themselves with the possibility that the value will rise and fall along with changes in the token market.
What are the benefits of using NoRamp?
Choosing NoRamp has several benefits that make it a great choice for merchants looking to enter the digital asset market. Here are some of the most striking advantages of using NoRamp:
Ease of Use
Whether you are an individual merchant or a marketplace, it is so simple to use NoRamp because it can be installed without any external assistance. It is such an easy process that almost anyone, even those without extensive tech knowledge, can do it. You only need to set up your account, forward NoRamp's dev documentation to your own developer or dev team, install a fiat payment widget, and start selling your digital assets! But of course, if you still require the assistance of customer service representatives, you can easily contact them for a smoother process.
Minimal Fees
Another one of the best features of NoRamp is that it charges minimal fees for its services. This makes it an ideal solution for merchants who are on a budget because they save money in the long run. Currently, NoRamp's fees are similar to on-ramp solutions. This is equivalent to 3.9% per transaction plus $0.45. This fee must be paid at the point of sale. But in areas that allow it, the seller may add this transaction fee to the total cost to be paid by the buyer.
Simple Integration
The main feature of NoRamp is its support of fiat currency payments. The only downside is that NoRamp currently does not offer cryptocurrency as a payout option. However, many other payment solutions in the same space do - and they are so simple to integrate! Thus, NoRamp can easily be paired with a more traditional offramp solution.
Final Word
NoRamp is the first tool of its kind to allow digital asset sellers to be paid directly in fiat currency. It is an excellent option for merchants who want to enter the digital asset market but are hesitant about dealing with the high stakes associated with it.
With NoRamp, both individual and marketplace sellers can avoid the risks of trading in the digital asset market. Whether these sellers are looking for potential buyers for their cryptocurrencies, NFTs, or other digital assets, NoRamp has the solutions to make their transactions simpler and more secure. Not only will sellers minimize their risk, but they can also avoid the possible tax implications and challenges that come with selling a digital asset.
With its simple integration, minimal fees, and ease of use, NoRamp has become a popular choice among sellers looking to make money in the digital assets space. So if you are looking to enter the world of digital asset trading, then consider choosing NoRamp as your merchant solutions provider.