OneRamp enables users to go from crypto to cash and back, seamlessly in local currency. Ramping in Kenya, Nigeria, Uganda & Tanzania. Powered by @ViFi_Labs 🌍💸
🎉 We're officially part of the @ViFi_Labs family!
From our first transaction in Uganda to serving 25K+ customers across 4 countries with $1.2M annualized run rate - this journey has been incredible. Thank you to every user who believed in seamless crypto-to-mobile money! 🧵👇🏽
We're excited to announce we've acquired @0xOneRamp !
The platform makes it easy for people to spend crypto for day-to-day purchases, blurring the gap between the complexity of stablecoins and fintech payments.
Here's why 🧵👇🏽
Incredibly excited to be part of this team.
The technology behind @ViFi_Labs Virtual Finance Enviroment is part of what powers @0xOneRamp.
We're building for the future of OnChain FX!
What if Pendle & Uniswap had a baby and it grew up in emerging markets? That’s exactly what we’ve built at ViFi and here’s how we’re up to 90% cheaper vs traditional AMMs. A thread 🧵1/9
What if I told you that onchain FX works and could be 97% cheaper than existing onchain swap venues?
In this post, we provide an overview of the ViFi mechanism design and breakdown the numbers of a swap for both the Nigerian Naira and the Trinidadian Dollar.
https://t.co/RaB7gLfHvB
Brazil’s FX market moves massive volume, around $8 billion traded daily.
Local stablecoins could power on and off ramps, but without deep USD liquidity they stall.
AMMs are not suited for this trade and here’s why 🧵
The crypto economy deserves non-USD stablecoins. We are building the first capital-efficient DEX for onchain currencies. A new day starts now for Onchain FX.
🚨 Imposter Alert 🚨
There is no official $oneramp token❗️
Please do not engage with that token, it is fake,
and not in any way connected with
@oxOneRamp or @ViFi_Labs‼️
Just how fast are @0xOneRamp transaction settlements?
Oneramp is now settling transactions in ~20 to 25 seconds.
A massive improvement from 2 minute settlement.
Watch me swap USDC for Tanzanian shillings on the @baseapp
I just paid for my uber in Nairobi via the @0xOneRamp miniapp on Farcaster, didn’t have a local SIM card, didn’t have MPESA. Just USDC on @base
Stablecoin payments are the future of payments.
Back like I never left: 8 August 🚨
Some of the highlights include
- @tkstanczak on Fusaka upgrade
- @ViFi_Labs acquires @0xOneRamp
- El Salvador teases Bitcoin Bank
- Hong Kong swinging!
- Rugs & carpets, pulled
The age of Centralised Intelligence is ending 💜
Gn degenerates!
@ViFi_Labs, has announced the acquisition of @0xOneRamp, to accelerate stablecoin adoption in Africa and Latin America.
Click the link to read more:
https://t.co/qK52BBoQ5o
#innovationvillage
Market movements like these are a positive indicator of the shifting dynamics in Africa's crypto industry and how blockchain technology has a place in the continent. Up and upwards!
🎉 We're officially part of the @ViFi_Labs family!
From our first transaction in Uganda to serving 25K+ customers across 4 countries with $1.2M annualized run rate - this journey has been incredible. Thank you to every user who believed in seamless crypto-to-mobile money! 🧵👇🏽
We're excited to announce we've acquired @0xOneRamp !
The platform makes it easy for people to spend crypto for day-to-day purchases, blurring the gap between the complexity of stablecoins and fintech payments.
Here's why 🧵👇🏽
Congratulations to both the @ViFi_Labs and the @0xOneRamp teams on this acquisition.
Perhaps we are (very slightly) biased as both are magma alum, but we are so proud of this cohesion.
Big Ws across the board
ACQUISITION Alert🔔
@ViFi_Labs has acquired @0xOneRamp, a key player in Africa’s crypto-to-fiat ecosystem!
What’s the impact? 🟠25K+ users served 🟠 $1.2M annual run rate 🟠Seamless crypto → mobile money in 🇰🇪 🇳🇬 🇺🇬 🇹🇿 🟠 Now part of Base’s Super App ecosystem
This deal brings protocol-grade DeFi liquidity to real-world crypto payments.
Read the full breakdown via TawkCrypto👇🏾
https://t.co/m6rMzEje2b