Onramp.money plans to launch crypto in local currencies

Onramp.money, a financial platform for buying and selling cryptocurrencies and accepting crypto payments, plans to launch local currency cryptocurrency.

The move aims to further promote financial inclusion and make it easier for users to invest in cryptocurrencies.

Gaurav Dahake, Founder and CEO of Omramp.money, said that as part of the expansion, the company plans to help users by offering onramp services in local currencies, which will be especially beneficial for users who have difficulty accessing traditional services to transfer their fiat currencies. for encryption.

In addition to geographical expansion, he said that the team is constantly seeking to explore innovative ways to enhance services, improve security features, add new payment methods, and partner with other platforms to provide additional services.

Onramp.money plans to grow the business by innovating and adapting to the changing needs of users globally, while remaining committed to providing a simplified and accessible platform for buying and selling cryptocurrencies.

On the regulation of encryption

On the government’s move to introduce cryptocurrencies under the provisions of the Prevention of Money Laundering Act (PMLA), he said it is an important development for the crypto ecosystem as it brings a level of legitimacy and recognition to the industry, which could help attract more institutions. Invest and encourage the growth of cryptocurrency related businesses in India.

However, he said the move could also lead to increased scrutiny and regulation, which could make it more difficult for smaller players in the industry. However, recent moves by the Indian government towards regulating and monitoring the cryptocurrency ecosystem suggests that cryptocurrencies are here to stay.

The future of cryptocurrencies is very promising as the use of digital currencies is becoming increasingly mainstream.

With the widespread adoption of blockchain technology, Omramp.money expects to see the range of applications and use cases for cryptocurrencies expand. After a short price drop, Bitcoin is back on an upward trajectory, which has restored investor confidence.

In fact, Goldman Sachs, a global investment bank, recognized bitcoin as the best-performing asset of the year in early 2023.