Crypto On-Ramp and Off-Ramp

Crypto On-Ramp and Off-Ramp

Crypto on-ramp and off-ramp is an intractable issue to the crypto users, due to the fairness, security and compliance problems.

With Primus' technique, one can create a secure end-to-end crypto on and off-ramps solution by simply leveraging the off-chain attestation.

To make the solution atomic and fair, two types of proofs are necessary to create and be verified by each other. The token seller should provide proof to show that his tokens are innocent, and not tagged as risks by analytic protocols. From the buyer's perspective, it is crucial to demonstrate the compliance of their funds, thereby safeguarding sellers from potential issues like account freezes resulting from non-compliant funds. Simultaneously, upon the completion of the buyer's payment and the transfer of the correct funds to the seller's account, Primus facilitates the submission of payment proof to the smart contract. The smart contract, functioning as a reliable coordinator, then manages the secure and seamless transfer of tokens.

With Primus' capability, such a crypto on & off ramps solution is fair enough and also compliance-friendly.