Web3, the decentralized web powered by blockchain technology, has opened up a world of possibilities for everyday users in the cryptocurrency market. However, the process of converting traditional fiat currency into digital assets can be complex and frustrating, hindering the onboarding of new users.
Most fiat-to-crypto on-ramps only support popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins such as Tether (USDT). This limited selection forces users who want to diversify their portfolio to go through additional steps, resulting in a poor user experience.
Furthermore, these transactions often suffer from low approval rates, with a staggering 50% failure rate across the industry. This, along with the complicated process, discourages new users from fully embracing the advantages of cryptocurrencies. It is clear that a more streamlined and user-friendly onboarding process is needed.
To address these challenges, Uphold has developed Topper, a fiat-to-crypto on-ramp designed specifically for everyday users and Web3 businesses. Uphold aims to provide an “anything-to-anything” trading experience, and Topper is a testament to this commitment.
With Topper, users can instantly convert fiat currency into over 200 cryptocurrencies across 150 countries. The sign-up process is simple, and users can easily purchase and transfer crypto directly to their preferred wallet from the Topper website. Topper also offers solutions for Web3 companies, hardware wallets, decentralized finance projects, blockchain games, and metaverse platforms, allowing them to seamlessly integrate fiat on-ramp services for their users.
Topper’s impressive transaction speeds and wide range of assets have led to strategic partnerships with top players in the crypto and payment ecosystems. The platform has partnered with noncustodial exchange Changelly, on-ramp aggregator Onramper, and popular crypto wallets Xumm, Bifrost, and Casper Wallet. It is also used by IMVU, a major Web3 social metaverse, to streamline payments and transactions.
In a recent development, Topper has integrated Apple Pay and Google Pay as payment methods, making it even easier for billions of mobile users worldwide to access cryptocurrencies. As the service continues to grow, Topper plans to expand into more regions and add key features, including a crypto-to-fiat off-ramp.
Robin O’Connell, CEO of enterprise at Uphold, emphasized the importance of streamlined experiences in attracting and retaining the next billion users in the crypto market. He believes that better fiat-to-crypto on-ramps, like Topper, that bridge traditional finance and Web3, will meet and exceed the expectations of these users.
It’s important to note that while this article provides valuable information about Topper, readers should conduct their own research and exercise caution before making any investment decisions. Cointelegraph does not endorse any content or product on this page, and this article should not be considered as investment advice.