Monetize your Web3 App - Fiat Onramp

September 30, 2023
Nathaniel Thoreson
Blog

Blockchain adoption is hindered by difficult fund deposits. Simplify onramps for wider access to web3.

Getting funds into blockchain ecosystems remains a major friction point blocking mainstream crypto and NFT adoption. Lengthy signup processes, complex crypto wallets, and transaction delays create barriers to entry. But seamless fiat onramps hold the key to finally unlocking the masses to web3 innovation.

For developers building cutting-edge decentralized apps, convoluted onboarding results in massive drop-off. Users excited to explore your product give up when confronted with too many hurdles that come with tradition web3 systems. 

The standard flow requires users to:

  1. Sign up for a centralized exchange like Coinbase or Binance. This involves invasive KYC verification.
  2. Purchase crypto with bank transfer or card. Then wait days for funds to clear.
  3. Transfer crypto to a self-custody wallet like MetaMask. Pay network fees.
  4. Use crypto from wallet to purchase NFTs or other web3 assets.

Think about it. The vast majority of users don't have a wallet. Without a seamless payments system, you'll alienate those users  - along with the trillions of dollars in bank accounts and credit lines. 

The process above results in a fragmented, frustrating process taking days to complete. But DropChain offers the solution with dead simple fiat onramps.

Use the DropChain Marketing Platform

Struggling to manage and engage your web3 community? Community managers that use DropChain's email marketing tools have see 40x ROI.

Buying NFTs With a Credit Card

DropChain allows users to purchase NFTs, event tickets, VIP access and other web3 assets directly using a credit or debit card—no pre-existing crypto needed!

Developers can integrate credit card payments into their apps using DropChain’s API. Users enjoy checkout flows identical to ecommerce.

For buyers, it’s as easy as any online purchase. For sellers, you get instant liquidity by receiving payouts in 20+ cryptos or fiat.

Abstracted Wallet Management

Creating and managing crypto wallets creates huge friction for users unfamiliar with web3. With DropChain, secure wallets are auto-generated for users behind the scenes during purchases.

Funds are deposited instantly so users can engage immediately. Developers don’t have to build any wallet management infrastructure. Digital assets purchased through your app will automatically be available in the user's DropChain Wallet.

Unlocking the Masses

Clunky onboarding gatekeeps web3 to only current crypto insiders. But fiat onramps like DropChain finally open participation to the mainstream.

Converting fiat into crypto seamlessly, in one click, without lengthy account creation allows ANYONE to enter web3 apps and unlock the benefits of blockchain.

Are you ready to expand your community beyond just crypto natives? Join The DropChain Discord to learn how DropChain can help you convert and delight users through frictionless fiat gateways. The open web3 future awaits.

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