Archived Content from Web3Auth Community
This topic was originally posted by shahbaz on 3/23/2024.
This content has been migrated from our previous community forum to preserve valuable discussions.
TLDR: Crypto is global but payments are local. The fiat-to-crypto onramp experience for most wallets and dApps is poor with extremely high costs, hidden fees and low transaction success rates. Poor onramp conversion due to lack of payment methods or KYC using local IDs leads to up to 70% loss of customers. Web3Auth, a leading Wallet-as-a-Service (WAAS) provider is partnering with Pokoapp.xyz to provide its onramp aggregator to more than 10M monthly active wallets.
This is a companion discussion topic for the original entry at https://blog.web3auth.io/poko-x-web3auth-simplify-onramping-for-global-wallet-users