Magnetic X and Stably Ramp Partner to Provide Fiat On/Off Ramp for XRPL Ecosystem Users.
We are thrilled to announce our latest partnership with Magnetic X, a blockchain platform that creates trading applications running on the XRPL. We are confident that this collaboration will bring exceptional value to the XRPL ecosystem.
Magnetic X offers a decentralized exchange (DEX) that facilitates easy token swapping. Additionally, its Proof of Trade algorithm enhances mining capabilities and boosts activity. The platform also enables fee-free minting of NFT collections, providing a comprehensive suite of tools for a seamless and profitable blockchain experience.
Our integration with Magnetic X empowers XRPL users to purchase and sell the XRPL’s native stablecoin Stably USD within the platform, granting them access to traditional banks and greater liquidity and flexibility on the Magnetic X platform.
This partnership continues to add more value, utility, and convenience to Stably USD. As more XRPL projects integrate with Stably Ramp, access to liquidity increases. Projects can grow through their own innovation and marketing efforts, making the XRPL ecosystem stronger and more self-reliant.
We are excited to work with Magnetic X as it continues to innovate by providing a seamless and accessible fiat on and off-ramp experience.
You can follow the easy steps below to buy/sell Stablecoins on Magnetic X:
- Submit a buy or sell order through the Stably Ramp page: https://xmagnetic.org/ramp
- Create a new account and submit your KYC.
- Once approved for KYC, make a fiat payment via bank transfer or credit/debit card. Afterward, enter a wallet address to receive your tokens.
- Stably converts fiat to stablecoin and sends it to your wallet.
- Receive your tokens and start using them in Web3 apps.
Stably Ramp is a leading fiat-to-stablecoin gateway, offering low friction payment options such as Fedwire, SWIFT, ACH, and instant ACH, with superior exchange rates compared to other fiat ramps for stablecoins. Once integrated with a DeFi aggregator in Q2, Stably Ramp will become omnichain, offering access to 100+ digital assets on 25+ networks, including popular stablecoins such as USDC, USDT, USDS, BUSD, DAI, and FRAX. With a focus on self-custody settlement, users receive purchased assets directly in their non-custodial wallet, reducing custody risk and increasing security. Stably Ramp offers worldwide coverage, supports 40+ currencies and 200+ countries/regions, making it the top choice for Web3 BUIDLers to enable their users to buy/sell stablecoins using traditional bank payments.
To try Stably Ramp, visit ramp.stably.io and for integration information, email firstname.lastname@example.org and learn about their partner revenue sharing program.
About Magnetic X
Magnetic X is a user-friendly blockchain platform for convenient and accessible trading. It’s designed for the XRP Ledger and offers a decentralized exchange (DEX) for easy token swapping. Magnetic’s Proof of Trade algorithm enables mining capabilities and increases activity. The platform also allows for fee-free minting of NFT collections. Overall, Magnetic X offers a comprehensive suite of trading tools for a seamless blockchain experience.
Stably is a Web3 payment infrastructure provider and FinCEN-registered MSB from Seattle. The company specializes in providing fiat gateways, multi-chain stablecoins, and cross-chain bridged tokens to users of Web3 applications. Stably’s mission is to power this decade’s next billion Web3 users with regulatory-compliant payment infrastructure across both developed and emerging blockchain ecosystems.
For all support inquiries, please visit support.stably.io.
Stably is a US-based FinTech providing fiat onramp and stablecoin infrastructure to digital wallets, decentralized applications, Web3 projects, and blockchain development organizations. Our mission is to power the next billion Web3 users with a superior fiat <> crypto onramp to all popular and emerging blockchain ecosystems.
For more information, contact Stably.
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