Home/Educational/The Xumm community gets a new fiat onramp

The Xumm community gets a new fiat onramp

Categories: EducationalPublished On: March 3rd, 20231.9 min read

Fiat onramps are essential for the XUMM community because they allow easy and quick fiat currency conversion into digital assets, such as XRP, on the XUMM wallet.

The world of blockchain and cryptocurrency is constantly evolving, and with each advancement comes new opportunities for technology enthusiasts, investors, and traders alike. One of the essential elements in this space is the ability to convert fiat currency into cryptocurrencies quickly; this is where fiat onramps come in. Fiat onramps are vital for investing in cryptocurrencies, as they allow for the seamless conversion of traditional fiat currencies, such as USD, EUR, and GBP, into digital assets. 

This is where Stably Ramp comes in, providing an easy-to-use fiat-to-stablecoin gateway for users worldwide. With Stably Ramp’s recent integration into Xumm Wallet, users of this popular self-custody wallet can now effortlessly deposit and withdraw Stably USD using various payment methods. This simplifies digital asset and token management for non-custodial users, making buying and selling stablecoins on the XRP ledger easier than ever. This is excellent news for anyone looking to enter the world of cryptocurrency, as it removes some of the barriers to entry that have traditionally existed.

One of the main advantages of using Stably Ramp with Xumm Wallet is the high level of security provided. Xumm Wallet is known for its strong focus on safety, and users can keep their keys safely on their devices, ensuring that their assets are always protected. This integration enhances the utility of XRPL’s native stablecoin, Stably USD. 

As the financial world moves closer to regulating public blockchains, this partnership between Stably and Xumm Wallet demonstrates the growth and innovation of the XRPL ecosystem. It aligns with their shared vision for secure, convenient, and compliant transactions. This integration benefits Xumm Wallet users and anyone looking to use stablecoins on the XRP ledger.

To get started with Stably Ramp on Xumm Wallet, follow these easy steps:

  1. Open your Xumm Wallet
  2. Open the Stably Ramp on the Xumm Wallet xApp page
  3. Pass KYC & Connect your bank/preferred payment method
  4. Enter the amount of USD you want to purchase
  5. Enter/confirm your XRPL wallet address
  6. Receive your USD on the Xumm Wallet

If you want to learn more about Stably Ramp and how it can help you access stablecoins on the XRP ledger and other blockchains, visit stably.io/stably-ramp.