Blokramp Litepaper
  • Blokramp Litepaper
  • Table of Content
  • Introduction
  • Overview
  • Blokramp Solutions
    • Fiat Onramps
    • Blokramp / WordPress Widget
      • Integrating Blokramp Widget
  • Why Choose Blokramp
    • Best rates
    • Faster transactions
    • Intuitive platform
    • Flexible API
    • Earn through staking
  • Blokramp for Business (B2B Partnerships)
    • Private and Small Businesses
    • Large Businesses and Institutions
  • Blokramp Pricing
  • Blockramp Token (BRMP) Tokenomics
  • Road map
  • Basic Concepts
    • International Fiat Transfer
    • Blok Pool
    • Offline Crypto Transfer
    • AI Transfer Bot
    • Blok API and SDK
    • White Labeling
    • Blokramp Debit and Credit Cards
    • Stablecoin Launch
    • Desktop Extension
    • B2B Partnerships
    • P2P Marketplace Launch
  • Disclaimer
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Introduction

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Last updated 2 years ago

As of 2020, the world population was estimated to be around 7.75 billion people—a steady 1% increase from the previous years, according to data from Wikipedia. Everybody, in one way or the other, engages in one form of exchange or another using a legal tender (regardless of what form (fiat) it appears). Since launching in 2019, Bitcoin and altcoins have garnered an exponential increase. Many sources have estimated Bitcoin’s return on investments since 2009 to be around 540,000% —comparing crypto stats with average traditional investments (like real estate, gold, or forex), you’ll realize how much value Bitcoin has offered the world’s economy so far.

Despite the glaring market reports and data backing Bitcoin, the global market is yet to understand and fully grasp its potential. Large and small-scale businesses are yet to integrate blockchain and cryptosystems into their services, probably because of the cons they might bring along. First, crypto is not universally accepted, except for a few jurisdictions and institutions still experimenting with it. Furthermore, there are a few boxes left unchecked in DeFi, such as security, trust, and scalability, which may have sparked the disinterest in crypto and DeFi services.

No matter how much the cons may appear, crypto and DeFi have come to stay, and can only get better. However, the only way to spark greater acceptance and innovation is by making DeFi services seamless and easily accessible to an average person who may or may not know about cryptocurrencies. Fiat onramp and scalable blockchain networks are some of the possible solutions to increase crypto adoption.

Fiat onramp makes it easy to buy cryptocurrencies with normal money. Since we do crypto transactions online, you may use online money or payment services supporting onramp to make this work. Blokramp is an emerging onramp service that aims to provide crypto on/off ramp services to your doorstep in an easy and seamless protocol. Our services will solve the limitations prevalent with fiat onramp services, such as poor speed and user interface/experience.