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šŸ’„AllianceBlock Partners With Onramper To Simplify Fiat Conversion and Make DeFi More AccessiblešŸ’„
Onramper becomes AllianceBlock’s official partner for fiat on- and off-ramps, greatly improving the accessibility of our products for users
October 07, 2022
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One of AllianceBlock’s core aims is to make blockchain and DeFi more accessible for builders, developers, and end users. With this in mind, theĀ DeFi TerminalĀ website wasĀ recently updatedĀ to provide a more user-friendly and intuitive user journey for everyone. In addition, AllianceBlock constantly seeks to optimize the user experience across the entire suite of solutions for blockchain builders.

For users new to DeFi, converting fiat currency into tokens is one of their first practical challenges.Ā There are hundreds of different exchanges, which often offer markedly different conversion rates and fees. As a result, the first hurdle facing a new user is shopping around to find the best deal among a vast array of options. Indeed, this presents a significant barrier to DeFi adoption, as it is logical to assume that many potential DeFi users never make it past this first step.

Simplified fiat conversions for AllianceBlock users and clients

Today, we are very pleased to announce a strategic partnership withĀ OnramperĀ to simplify this process vastly.Ā Users of AllianceBlock’s solutions will be able to quickly acquire the tokens they need without having to leave the platform — a truly seamless experience.

Onramper automatically connects to all major fiat on-ramps in one hassle-free step and selects the best conversion price. Over 200 cryptocurrencies are supported, in addition to 23 traditional payment methods, including credit cards, bank transfers, Google Pay, Apple Pay and Alipay.

Onramper’s widget will be integrated across the various platforms in the AllianceBlock suite of solutions.Ā This will enable users to obtain the tokens necessary to engage in specific activities or projects — such as participating in liquidity mining and staking campaigns on DeFi Terminal or providing capital in fundraising rounds on Fundrs — and convert back to fiat at a time of their choosing.

Long-term strategic alliance to improve user experience and leverage AllianceBlock technologies

AllianceBlock and Onramper have also agreed to engage in a long-term strategic alliance.Ā This involves working together to develop product offerings for mutual benefit.

AllianceBlock will work with Onramper to create a frictionless payment gateway for Data Tunnel. In addition, both companies will explore the possibilities of integrating AllianceBlock TIDV (Trustless IDentity Verification) into Onramper’s platform as an identity solution. Both will identify which technologies could be leveraged to decentralize liquidity sources further. Finally, both companies will combine research efforts to explore ways to optimize the user experience of blockchain and DeFi products, especially for those who are new to the crypto space.

Ā 

AllianceBlock Co-Founder and CTO Matthijs De Vries said: ā€œTo attract new users who are not crypto natives, we must offer an intuitive and streamlined user experience. AllianceBlock’s partnership with Onramper will empower our customers to access over 200 tokens within a few clicks, using any common payment method, through a consistent user interface. This partnership reduces a significant barrier to adoption, users can participate in the AllianceBlock ecosystem without the hurdles or complexity of setting up wallets, storing private keys or seed phrases, having enough native tokens to pay for gas fees, etc., therefore enabling easier access to our products for users who are not crypto-savvy. We greatly look forward to working with the Onramper team to take advantage of further opportunities for collaboration and growth.ā€

Ā 

Thijs Maas, Co-Founder and CEO of Onramper, added:Ā ā€œCapital markets are an important piece of the financial system. AllianceBlock’s decentralized approach will bring valuable opportunities to the whole crypto ecosystem, and providing an intuitive fiat on-ramping solution will play a big part in solidifying this value proposition. We’re excited to join them on their mission and look forward to contributing together to the growth of the Web3 economy.ā€

About Onramper

OnramperĀ is a fiat-crypto onramp aggregator. Leading exchanges, wallets and DeFi and Web3 projects use Onramper’s API to offer end users an embedded, secure and seamless method to buy or sell cryptocurrency in a KYC-compliant fashion. Based in Amsterdam and founded in 2020, the company received $6 million in funding and supports over 23 payment methods in 180+ countries. You can learn more about Onramper, get your API keys, and start building your productĀ here.

About AllianceBlock

AllianceBlockĀ is building seamless gateways between TradFi and DeFi by remedying issues in both spheres and linking them more closely. AllianceBlock sees the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.

They are building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities worldwide with the tools they need to access the DeFi space seamlessly.

Be sure toĀ follow us on Twitter,Ā follow us on TelegramĀ andĀ subscribe to our newsletter, so you don’t miss out on any important AllianceBlock news or updates.

You can also find us on:

TelegramĀ Ā·Ā TwitterĀ Ā·Ā InstagramĀ Ā·Ā DiscordĀ Ā·Ā WebsiteĀ Ā·Ā LinkedInĀ Ā·Ā YouTubeĀ Ā·Ā Reddit

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New Human Force
Join this Now! YOU have what it takes!

They are in our solar system, and in our event-stream in this Eternal Now.

Officialdom is clueless.

They think we are going to be at WAR with the Aliens.

Officialdom is very stupid.

Aliens is here. It’s not WAR. It’s Contention.

There is a difference.

Officialdom is clueless, still living in the last Millennium.

Aliens is here.

The Field in which we contend is This Eternal Now.

ALL HUMANS LIVE HERE, and ONLY HERE, in this

ETERNAL NOW.

It’s a Field of potentials, of pending Manifestation, this continuous event-stream of karma in which we have always lived our body’s Life.

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The Aliens is here, in our Eternal Now.

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Officialdom is clueless. They see the Aliens. They are freaking out. They think you are children, when it is their small minds, trapped in a reality that is only grit, mud, and ā€˜random chance’ who are childish.

Officialdom is stupid. They will and are reacting badly. As is their way, they are trying to hide shit from you. Silly grit bound minds don’t realize you can see everything from within the Eternal Now. They have yet to grasp that what they perceive as this Matterium, filled with ā€˜matter’, is but a hardening of our previous (past) internal states of being.

WAR happens in the Matterium.

Contention occurs within this Eternal Now where Consciousness shapes the manifesting event-stream.

YOU know this to be fact. You are a co-creator.

Contention with Aliens is happening in this instant in this Eternal Now.

Officialdom ain’t doing shit. They are still stuck in trying to move matter around to affect unfolding circumstances. That’s redoing the mirror trying to affect the reflection. Dumb fucks….

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Consume Neville Goddard videos as though all of human existence depended on YOUR mind and YOUR active, effective, imaginings!

It’s not a question of Mind over Matter as there is only Mind and it cares not for Matter. That’s residue.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

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šŸ’³ PayPal:Ā 
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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, ā€œThe Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.ā€

The data includes Real GDP and the PCE Price Index,Ā which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data šŸ‘‰will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) or visit https://www.paypal.me/thedinarian

šŸ”— Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
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