April 24, 2023
Let’s face it - fiat to crypto onramps fail users. Transaction fees are often opaque and high. Transaction success rates fall as low as 8% in many markets. Onramping through exchanges is complicated and puts off large swathes of users. Poko's recent integration helps our new partners – wallets and dApps – simplify user payment flows. Learn more about how we help them serve a wide range of web3 use cases and markets:
Users’ experience with onramping and buying digital goods in wallets and dApps is generally underwhelming. This is due to the high costs, concealed fees, and actual transaction success rates typically below 10%. The success rates of card-based onramping are declining globally due to regulatory changes, while the fees charged by individual onramp providers are opaque and expensive.
Users have to go through a tedious process to purchase in web3. Wallet users must go to a centralized exchange to buy crypto, find a way to send that from the CEX to their non-custodial wallet (if they already have one), then connect the wallet to the platform to buy in web3. This clunky purchasing flow can lead to a 70% customer dropoff rate.
Poko's Onramp Aggregator allows users to onramp at up to 70% lower costs than existing cross-border onramps with up to 5x success rates through routing users to the best localized onramps for a market. This increases user acquisition, spend and retention within wallets and crypto savings platforms. Here are some partners who just went live with us these two weeks
Gnosis Chain is an OG layer 1 (L1) blockchain and has now had its own ecosystem of tools for web3 builders. Through the widgets on its website, Gnosis users could purchase GNO and xDAI on its chain. With a redirect link to Poko’s customized Onramp Aggregator page for Gnosis, users could purchase these cryptocurrencies using local payment methods and save up to 70% in onramping fees.
Nova Wallet is a crypto wallet that offers users fast transaction settlement time and easy interaction with a basket of digital goods within the wallet. Nova’s cofounder jumped on a call with us and integrate with our Onramp Aggregator right on the call. The Wallet users can now purchase cryptocurrencies inside their wallets using various payment methods easily and securely through Poko’s widget.
SaveFi is a smart contract wallet built on account abstraction, allowing young and tech-savvy users in Nigeria to save in stablecoins, Ethereum, and Bitcoin. They’re expanding to other markets in Africa. With Poko’s Onramp Aggregator market coverage to Africa, SaveFi will be able to focus on building key wallet functions while we enable their users to onramp through local payment rails.
ZaynFi is a wealth management platform that makes participating in DeFi seamless for new users. The platform enables anyone to earn attractive returns passively on stablecoin deposits. With Poko’s Onramp Aggregator integrated, users can now buy crypto with 5x transaction success rates and start saving across six key markets in the region from the ZaynFi app.
DeFi VN is a community platform that helps users and developers learn more about DeFi. With Poko’s Onramp Aggregator, users can learn by doing – they can purchase crypto on the platform and participate in DeFi immediately. We provided DeFi VN with a low-code integration that required one minute to set up.
Users of Gnosis, Nova Wallet, SaveFi, ZaynFi, and DeFi VN can now purchase crypto more easily using Poko’s Onramp Aggregator. We believe this is a step forward in our shared vision of building an accessible web3 for all users.
We’ve recently launched our Direct Checkout. With this product integration, users and gamers can skip onramping fiat to crypto and purchase NFTs and in-game items natively using local payment methods. If you’re interested, contact us through our Direct Checkout page now: https://www.pokoapp.xyz/direct-checkout .
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