Opening the doors of DeFI to the wider world!
For new technology to succeed, it needs to be usable as well as groundbreaking. The mainstream adoption of cryptocurrencies, in particular smaller market cap tokens and DeFi projects, are being held back by the difficulty and length of the buying process.
With a 7-step process to buy on Uniswap, it means users need some prior knowledge and a centralized exchange account to get started. The process is then complicated, unintuitive, prone to error, has high fees, and doing it incorrectly can result in the loss of funds.
This is a major barrier to entry for any crypto but especially newer coins. Crypto needs a way for mainstream consumers to enter, without the risk and complexity of the current process. Better technology often loses out to the easier option.
With Fiat to Crypto, we’re opening the doors to a mainstream user base.
To make the buying process simple, fast, and recognizable for every user, MUNCH has developed a Fiat to Crypto gateway that can be implemented by any project.
MUNCH introduces the Fiat to Crypto gateway
The MUNCH Fiat to Crypto gateway is a customizable widget to purchase any ERC20 or BEP20 token with a credit or debit card, in a matter of clicks.
This means a brand new user can invest in the project in a matter of clicks, using the same process as buying anything online. Users can use any major credit card, without a new KYC (Know your customer) process under a certain transaction threshold.
Ease of use is the first step to mass-adoption and the Fiat to Crypto widget gives us this power.
The advantages of fiat purchases
- Simple processes convert more visitors into buyers. With this gateway MUNCH will be able to reach a brand new audience and have a better chance to convert them.
- Converting new holders enables a higher ROI from the marketing budget
- Simple payments help cut the risk, complexity, and fees for new investors.
- With low fees and low complexity, we can reach the wider market looking to invest <$100 in new technology.
- Knowing the source of buys enables us to trace the attribution of every buy to effectively measure the impact of different marketing campaigns and better use our budget.
Fiat to Crypto is fast, simple, on-chain and supports the MUNCH tokenomics. It is a way for any project to make buying fast, easy, and accessible — while maintaining the principles of DeFi.
How the Fiat to Crypto gateway works:
Visit https://munchproject.io/
- Enter the amount of FIAT you would like to spend
- Chooses your payment method
- With a payment limit, there is no KYC process needed
- Connect your wallet or create a new wallet on the fly
- Click the ‘Buy with card’ button
- You will then receive your tokens within 3–5 mins
- These tokens can then be sold or traded like any other ERC-20 or BEP-20 token
- You are now part of the MUNCH community!
We are looking forward to welcoming more people into ourMUNCH community and helping other projects reach a wider audience with this gateway.
This development is a major step for MUNCH as a project and a giant leap for the adoption of DeFI by the wider world!
- If you have questions about the gateway, you can reach our team on telegram.
- If you want more information about the MUNCH project, you can learn more on our website.
- If you would like to add the fiat to crypto widget to your project’s website — you can reach us at: team@munchproject.com
