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Kado Launches Fiat On-Ramp to Base Chain

August 7, 2023
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Introduction

The world of cryptocurrency continues to evolve rapidly, with new technologies and platforms emerging to enhance accessibility and ease of use for users worldwide. In a groundbreaking move, Kado, a leading blockchain technology company, has partnered with Squid Router to launch support for on/off-ramp to Base Chain. This collaboration, in conjunction with Coinbase’s innovative Layer-2 solution built on the OP Stack, has opened up exciting possibilities for users to buy ETH on Base Chain using debit, credit cards, or bank transfers, in over 150 countries. This blog post explores the details of this groundbreaking initiative and the impact it may have on the crypto landscape.

Easing the On/Off-Ramp Process

For many potential cryptocurrency users, the process of acquiring their first digital assets can be daunting. With Kado’s integration of on/off-ramp support to Base Chain, the barriers to entry have been significantly lowered. This means that users can now seamlessly buy into ETH, one of the most popular cryptocurrencies, using familiar payment methods such as debit cards, credit cards, or bank transfers. This move is expected to drive greater adoption of cryptocurrencies, as it offers a straightforward and secure path for individuals who are new to the crypto world.

Expanding Global Reach

‍One of the most significant advantages of Kado’s partnership with Squid Router is the expanded reach it enables. By tapping into Squid Router’s vast network, Kado can now onboard to Layer-1 and Layer-2's that are not yet supported by traditional market makers, MPC-wallet providers, and other previously necessary technology. This represents a massive leap forward for crypto accessibility, as it brings the world of digital assets closer to millions of potential users on new blockchains that previously faced restrictions or limitations.

Smart Contract Integrations for Seamless Transactions

At the heart of this initiative are the smart contract integrations that facilitate the on/off-ramp process. Through these integrations, users can efficiently onboard to Squid Router and seamlessly swap on SushiSwap to receive their ETH on Base Chain. This significantly streamlines the entire process and ensures that users can quickly and securely access their desired cryptocurrency. As a result, Kado is working diligently to improve this flow further, aiming to make it even faster and reduce gas costs, ultimately enhancing the overall user experience.

Coinbase’s Layer-2 Solution

Coinbase, one of the most renowned cryptocurrency exchanges globally, has built a new Layer-2 solution built on the OP Stack offers scalability and efficiency, which further complements Kado’s mission of making cryptocurrency accessible to all. The Layer-2 solution addresses the challenges of high transaction fees and network congestion, providing a seamless experience for users buying into ETH on Base Chain.

Conclusion

The integration of on/off-ramp support to Base Chain marks a significant milestone in the cryptocurrency world, and it has the potential to revolutionize the way users interact with digital assets. Kado’s partnership with Squid Router and Coinbase’s innovative Layer-2 solution showcases the power of collaboration and highlights the growing commitment to global crypto adoption.

With simplified onboarding processes, secure smart contract integrations, and Coinbase’s efficient Layer-2 technology, the barriers to entry have been significantly reduced. This paves the way for a new era of cryptocurrency accessibility and empowers users from diverse backgrounds and regions to participate in the digital economy.

As Kado continues to work towards enhancing the on/off-ramp experience, the future of crypto adoption looks brighter than ever. By making it easier for users to buy ETH on Base Chain using various payment methods, Kado is setting the stage for widespread crypto adoption and potentially bringing financial empowerment to millions around the world.

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