Home/Announcements/Magnetic X Integrates with Stably Ramp

Magnetic X Integrates with Stably Ramp

Categories: AnnouncementsPublished On: February 28th, 20233.8 min read

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:

  1. Submit a buy or sell order through the Stably Ramp page: https://xmagnetic.org/ramp
  2. Create a new account and submit your KYC.
  3. Once approved for KYC, make a fiat payment via bank transfer or credit/debit card. Afterward, enter a wallet address to receive your tokens.
  4. Stably converts fiat to stablecoin and sends it to your wallet.
  5. Receive your tokens and start using them in Web3 apps.

Stably Ramp

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 stably.io/ramp and for integration information, email sales@stably.io 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.

Website: https://xmagnetic.org/

About Stably

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.

— — — — —

Join our Stably Discord Community

Follow us on social media: Twitter | Linkedin | Facebook

For more information, please reach out to us on our Stably contact form

RISK DISCLAIMER: Nothing contained herein shall be considered financial advice or recommendation to buy/sell any security, commodity, cryptocurrency, digital asset, or any other financial instrument or asset. Cryptocurrencies, digital assets, and investing have many risks, including risk of losses beyond principal investment or purchase amount. Past performance is not indicative of future results. Investing, purchasing, and transacting in cryptocurrencies and digital assets carry a high level of risk and may not be suitable for all individuals. Before deciding to invest in cryptocurrencies and digital assets, you should carefully consider your objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss that may exceed your initial investment or purchase amount and therefore you should not invest money or purchase cryptocurrencies or digital assets in any amount that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency/digital asset investing, purchasing, and transacting and seek advice from an independent licensed financial advisor.

View Full Disclaimer: https://www.stably.io/disclaimer/