Sell eth from Metamask directly to a bank account in 2 mins.
One of the many advantages blockchain and decentralized web (web3) offers is ownership and security. It allows us to truly control our funds and be our own bank. We have complete control over our funds guaranteed by cryptography.
It is such an ability (rather a basic right) provided by these innovative technologies.
Ironically, so many of us store our crypto in a custodial solution like crypto exchanges which is not different from a bank. Giving away all the benefits mentioned above. There are many reasons for this
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Many people do not know how to manage their funds. Lack of knowledge about the basic private keys, and mnemonics.
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Convenience in liquidating funds when needed. Even the most tech-savvy people like engineers and creators who are budling in web3, store part of their crypto in custodial exchanges as it is convenient to liquidate it whenever.
It's lucrative for businesses to hold the assets and make money with the assets.
This not only curbs the benefits of true ownership and security but also brings in threats of losing assets. Exchanges and custodial wallets going bankrupt. There have been many instances in the past. I have lost money storing my Bitcoin in a custodial wallet called "Vauld".
We (my friend and I) built a tool to solve this same problem. We built Offramp. It is the easiest way to sell cryptocurrencies (like USDT, BTC, ETH) stored in a non-custodial wallet, to instantly receive fiat directly into your bank accounts in minutes. We also support instant liquidation from L2s like the lightning network (Bitcoin), optimism and arbitrum (Ethereum). You can also instantly liquidate crypto into a virtual debit card for online purchases.
Here is a link to the demo: https://www.loom.com/share/d2a5acf6f8bb48cd929a61aa9651b1ba
Like for the prototype to try it out: https://app.offrampwidget.com
We need your support in taking this tool to live for us all to be able to use it 🙏. If you are interested in this tool, please leave your email id, for early access, here
