Hurupay in partnership with Prezenti launches its Crypto On and Off-Ramp API for Seamless Integration with projects building on the Celo Ecosystem
About Hurupay
Hurupay is a fintech company focused on digital payments and savings solutions in Africa. Our first product is a digital wallet that provides African migrants abroad easier access to financial services such as banking and sending money back home instantly.
Our mission is to provide cheap, accessible and secure financial services to individuals and businesses in emerging markets, leveraging the power of blockchain technology and digital currencies.
Introducing the Hurupay On and Off-Ramp API
Today, we are proud to announce the launch of our on and off-ramp API that will enable projects building on Celo to do on and off-ramping of Celo based tokens with their products.
How it works:
Below is a user-flow diagram for the Hurupay API
Key Features of Hurupay’s Crypto On and Off-Ramp API
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Seamless Integration: Our API is designed for easy integration, allowing partners within the Celo ecosystem to quickly and effortlessly incorporate on and off-ramping capabilities into their applications.
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Secure Transactions: Security is paramount in the world of digital finance. Hurupay’s API uses state-of-the-art encryption and security protocols to ensure that all transactions are safe and secure.
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User-Friendly Experience: The API offers a straightforward, intuitive interface, making it easy for end-users to convert their crypto assets to fiat currencies and vice versa. This ease of use is essential for driving adoption and fostering trust among users.
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Wide Range of Supported Currencies: Our solution supports a diverse range of fiat currencies and cryptocurrencies, providing users with flexibility and choice. This is particularly important in the African context, where multiple currencies and varying levels of crypto adoption coexist.
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Transparent Fees: Hurupay is committed to transparency. Our API includes clear and straightforward fee structures, ensuring that users understand the costs associated with their transactions.
Hurupay API use-cases:
Some Potential Public Goods that will find the API useful:
- Early-stage fintech wallets
These startups face liquidity challenges in the early days leading to on and off-ramp delays on their apps hence ending up messing user experience. Such startups will benefit from the API that will enable their users to instantly access stablecoins during depositing and easy conversion to fiat during withdrawing.
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Credit Finance Dapps- Users can receive credit in stablecoins and easily off-ramp to local fiat currency. Users will also be able to repay their loans by converting their fiat earnings to stablecoins through the API and repay loans on their apps.
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Market-Place Dapps- E.g e-commerce apps, Influencer platforms, talent-marching platforms
-Such platforms that would like to accept payments in stablecoins and automatically convert to fiat will be able to do so using Hurupay API plug-in at check-out section of their apps.
- Online crypto wallets e.g Minipay
These online wallets enable users to pay for products in stablecoins. Through integration of Hurupay API, such wallets users can easily deposit and make payments for products online.
- Non-Crypto companies that wish to collaborate with Celo Ecosystem projects.
Non-crypto companies that would love to accept crypto payments can do so by integrating the API to their products. This will also help bring in more potential non-crypto partners to Celo ecosystem projects that can then offer additional services to these non-crypto companies thanks to sharing a common API for on and off-ramping.
Bridging the Gap: The Importance of On and Off-Ramps
In an era where digital currencies are revolutionizing finance, the ability to seamlessly convert crypto assets to fiat and vice versa is crucial.
Cryptocurrencies have gained significant traction globally, providing an alternative to traditional banking systems. However, for everyday users and businesses, converting crypto assets into fiat currencies—or vice versa—remains a key challenge. This conversion (“on-ramping” and “off-ramping”) is essential for users who want to leverage the benefits of both digital and traditional financial systems.
Hurupay’s new API addresses this need by offering a robust, user-friendly solution that simplifies these transactions. Our API supports the Celo blockchain, a carbon-negative EVM-compatible Layer 1 protocol that allows mobile users worldwide to make simple financial transactions with cryptocurrency. By leveraging Celo’s unique features, we ensure that our partners can offer their users a seamless experience when on and off-ramping digital assets.
Empowering the Celo Ecosystem
The launch of Hurupay’s Crypto On and Off-Ramp API marks a significant milestone in our mission to enhance financial inclusion in Africa. By providing a reliable and efficient way to convert crypto to fiat, we are empowering our partners in the Celo ecosystem to better serve their customers.
Celo’s mission of building a regenerative digital economy that creates conditions of prosperity for all aligns closely with ours: to create a financial system that is open and accessible to all. By integrating our API, partners can offer their users the ability to easily convert between digital assets and local currencies, making it easier for individuals and businesses to participate in the global economy.
A Look to the Future
As we move forward, Hurupay is committed to continuously improving our services and expanding our offerings. We are excited about the potential of blockchain technology and digital currencies to transform the financial landscape, particularly in regions where traditional banking infrastructure is lacking.
We invite our partners and the broader Celo community to explore the possibilities offered by our new API. Together, we can create a more inclusive financial system that offers greater flexibility and opportunities for all.
Join the Revolution
Hurupay’s Crypto On and Off-Ramp API is now available for integration. We encourage developers, businesses, and partners in the Celo ecosystem to reach out and learn more about how this solution can benefit their applications and users.
For more information and demo request, visit our website or contact our support team. Let’s build the future of finance together! Contact us at: james@hurupay.com or hello@hurupay.com
