The Web3 crypto market is in need of a more user-friendly and accessible platform for everyday users. Uphold’s Topper, a fiat-to-crypto on-ramp, aims to offer instant access, faster transactions, higher approval rates, and a wide range of cryptocurrencies.
The cryptocurrency sector offers exciting opportunities for everyday users, with its potential for seamless and borderless transactions. However, the process of converting fiat currency to cryptocurrency through fiat-to-crypto on-ramps often poses a significant barrier and hinders the onboarding of new users.
Most fiat on-ramps currently only allow users to exchange fiat for a limited selection of popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), or stablecoins such as Tether (USDT). This limitation forces users who wish to diversify into other cryptocurrencies to go through additional steps to acquire the desired digital assets, resulting in a frustrating experience.
Apart from the complexities of fiat-to-crypto conversions, these transactions also suffer from low approval rates, with the industry average failure rate reaching a staggering 50%. In contrast, Topper, leveraging Uphold’s infrastructure, boasts approval rates exceeding 60%. These inconveniences can discourage new users from fully embracing the advantages of the crypto world, highlighting the need for more streamlined and user-friendly onboarding processes.
To address these issues, the crypto industry urgently requires a fiat on-ramp specifically designed for everyday users. This platform should offer easy fiat-to-crypto conversions using credit or debit cards, as well as popular digital payment methods like Apple Pay and Google Pay. Moreover, it should provide direct access to a wider range of cryptocurrencies.
Enter Topper, developed and introduced by Uphold. Topper is a fiat-to-crypto on-ramp that aims to address the grievances of individual users and Web3 businesses. Uphold’s objective is to provide an “anything-to-anything” trading experience that enhances the accessibility and usability of digital assets, and Topper reflects this commitment.
As a gateway to Web3, Topper enables instant fiat conversions to over 200 cryptocurrencies across 150 countries. Users can easily sign up and purchase crypto from the Topper website, transferring it to their preferred wallet directly from the widget on the site. Furthermore, Topper offers integration solutions for Web3 companies, hardware wallets, decentralized finance (DeFi) projects, blockchain games, and metaverse platforms, allowing them to seamlessly incorporate fiat on-ramp options for their users.
Topper’s user-friendly website features a widget where users can buy over 200 cryptocurrencies using various fiat currencies. The platform’s impressive transaction speeds and extensive selection of assets have led to strategic partnerships with key players in the crypto and payment ecosystems. Topper has teamed up with noncustodial crypto exchange Changelly, on-ramp aggregator Onramper, and popular crypto wallets Xumm, Bifrost, and Casper Wallet. Major Web3 social metaverse IMVU also utilizes Topper to streamline payments and transactions.
Most recently, Topper has introduced the option for users to purchase cryptocurrencies using Apple Pay and Google Pay, simplifying crypto access for billions of mobile users worldwide. As the service continues to grow, Topper plans to expand into more regions and add key features, including a crypto-to-fiat off-ramp.
Commenting on Topper’s plans, Robin O’Connell, CEO of enterprise at Uphold, emphasized the need for streamlined experiences in the crypto market to attract and retain the next billion users. He stated that this process starts with better fiat-to-crypto on-ramps that bridge traditional finance and Web3. With its instant, cost-effective transactions and extensive cryptocurrency selection, Topper is well-positioned to meet and exceed the expectations of these users.
To learn more about Topper, visit their website. Please note that Cointelegraph does not endorse any content or product mentioned in this article. Readers should conduct their own research before making any decisions and take full responsibility for their actions. This article should not be considered as investment advice.