Ergo Onramper & Banxa Integration: Fiat Access & Off-Ramps
June 5, 2025
The Purpose of This Raffle:
This raffle is to crowdfund the integration of Onramper and Banxa into the Ergo ecosystem. Most importantly, this will enable easy US dollar (USD) fiat on-ramps (to purchase ERG) and off-ramps (to convert ERG back to fiat), significantly boosting Ergo's accessibility and utility.
The Opportunity for Ergo:
Direct fiat on and off-ramps are a critical piece of infrastructure. By integrating with Onramper (a leading fiat gateway aggregator) and Banxa (a major global payment solutions provider), we can drastically lower the barrier to entry and simplify the experience for everyone wanting to buy, sell, and use ERG.
This integration aims to provide extensive global coverage, giving access to most places. Key exceptions where services may be restricted include Hawaii, Louisiana, and New York within the US, mainland China, and approximately 30 other smaller countries due to specific regulatory landscapes. While the UK will be supported via Banxa, it won't be available through Onramper because of FCA rules. However, for most users around the world, this will still enable a more seamless experience when interacting with the Ergo ecosystem using traditional currencies.
Additionally, the Onramper widget can be integrated directly into ecosystem tooling like Nautilus to enable effortless onboarding for new users.
Focus of Community Funds & Ergo Foundation Commitment:
The $20,000 USD raised from this community raffle will be directly allocated to cover essential costs for the Onramper and Banxa integration, including but not limited to:
- Initial platform integration fees and setup charges for both on-ramp and off-ramp functionalities at Banxa.
- Integration fees with Onramper.
- Technical development and any other work required for seamless ERG support.
The Ergo Foundation is substantially co-funding this entire initiative. They are committed to covering all additional costs beyond the community's $20,000 contribution, ensuring the full scope of the project (including robust on-ramping and off-ramping) is realized and that these crucial fiat gateways are sustainably integrated and supported for the long term. Your contribution is a key part of this larger, collaborative effort to elevate Ergo!
Let's bring seamless fiat access and exit routes to Ergo and unlock its global potential!
Disclaimer: This raffle is required before the deal can proceed, but it has not yet been signed. We've been assured there should be no issues, but if it falls through, funds will go to a DAO formed by sending governance tokens to all raffle participants, allowing them to direct future raffles.
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