Kado, a web3 payments infrastructure provider, today announced it has relaunched their fiat on/off-ramp as a service with new ecosystem partners Cosmos IBC, Avalanche, Solana, Ethereum, and Axelar Bridge. With this launch, Kado becomes the first to enable on/off-ramp features directly to Cosmos appchains, including Osmosis, Juno, Kujira, and Terra. Web3 applications can onboard their customers with the lowest fees, best in-class asset prices, and easily implement Kado in less than 10 minutes.
Kado makes it easy for new customers to onboard to web3 applications instantly via ACH or Wire Transfer from 11,500+ banks in the US, and over 160+ countries with Visa and Mastercard. Know your customer (KYC) and onboarding takes less than 5 minutes with 98% instant-approvals. “We’re excited to relaunch Kado to the world and bring our web3 onboarding solutions to a new set of ecosystem partners,” said Kado co-founder and CEO Emery Andrew. “We’re thrilled to be a part of bridging the traditional world – web2 – with the future of the digital economy – web3.”
Kado makes it easy for users to convert fiat and digital assets directly with their personal, non-custodial wallet, such as Metamask, Phantom, and Keplr, and many more. In recent months, Centralized Finance (CeFi) and Centralized Exchanges (CEX) have come under fire for poor management and fiduciary duties, with over 10+ crypto exchanges halting withdrawals in 2022. Kado empowers customers to be their own gatekeepers, without concern for counterparty custodial risk.
Getting in and out of web3 is a major pain point for both new and crypto native customers. “Many find themselves using a CEX simply for fiat onboarding and offboarding, which is cumbersome and friction-filled”, noted co-founder and COO Vince Dowdle. “The wait times, +5% fees, and numerous counterparties involved presents an opportunity for a better solution.” Kado intends to continue offering the best asset pricing, lowest fees, fastest time-to-wallet, and most secure gateway between fiat and crypto. Kado is already integrated with leading DEX and L1 applications, including Osmosis, Obi Wallet, Kujira Fin, Leap Wallet, JunoSwap with numerous partner integrations already underway.
“By integrating Kado’s fiat on/off-ramp with Osmosis, users will be able to seamlessly transfer assets from their bank directly into the burgeoning Cosmos DeFi ecosystem, without the headaches and costs associated with centralized exchanges. This type of innovation from Kado provides an improved user experience for both newcomers and crypto natives, and will help to onboard the next generation of Web3 users — strengthening Osmosis, the Cosmos ecosystem, and our industry more broadly,” said Sunny Aggarwal, Co-Founder of Osmosis Labs.
Crypto and web3 adoption continues to accelerate. As more developers and businesses begin building in the web3 space, many will face challenges onboarding customers directly to their web3 application. Some of these bottlenecks include wait times and withdrawal fees on CEXs, fraud solutions for traditional payment providers, current and future regulatory and compliance headaches, and support for various global fiat pay-in and pay-out methods. These are a few of the challenges that Kado solves for its partners.
Kado is a technology company that provides web3 payments infrastructure to crypto-based web and mobile applications. Their on/off-ramp-as-a-service can be integrated in less than 10 minutes and enables users to buy or sell digital assets via ACH, Wire Transfer, and with Visa and Mastercard in over 150 countries. With a focus on accelerating global web3 adoption, Kado is backed by leading crypto investment firms Hashed, Race Capital, Collab+Currency, Republic Capital, and Circle Ventures. Start using Kado today at https://kado.money/.
About Axelar Bridge
Axelar delivers secure cross-chain communication for Web3, taking blockchain interoperability beyond permissioned multisigs. Axelar is a universal overlay network that supports general message passing and composability of programs via a proof-of-stake transport layer. Developer tools and APIs make it easy for both protocol and application developers to integrate interoperability. Axelar has raised capital from top-tier investors, including Binance, Coinbase Ventures and Polychain Capital. Partners include major proof-of-stake blockchains, such as Avalanche, Cosmos, Ethereum, Polkadot and Terra. Axelar’s co-founders are founding team members of Algorand and award-winning graduates of MIT, where they received notable recognition as part of their graduate studies.
Osmosis is the premier decentralized exchange of the interchain. It is the primary launchpad and liquidity hub for new blockchains connecting to IBC, the Inter-Blockchain Communication protocol. Over 43 chains have connected to Osmosis, with a range of Interchain assets as well as assets from other blockchain ecosystems available on the DEX. Osmosis supports CosmWasm and Interchain Accounts and offers simple APIs and tooling that’s giving it a gravitational pull for developers who are rapidly building an Interchain DeFi ecosystem on and around the DEX to offer yield aggregation, lending, and more. Get started today at https://osmosis.zone/.