Monthly Updates: October 2023

Onmeta Monthly Newsletter, your go-to source for the latest news and updates on our Fiat onramp and offramp solution. Here, we will be sharing updates on our new product releases and exciting partner integrations we did in the month of October. 

Onmeta is a revolutionary platform that enables users to easily and securely buy and sell cryptocurrency using fiat currency. We are constantly innovating and improving our platform to make the cryptocurrency buying process as simple and user-friendly as possible.

Product Updates

1. Onmeta's Connect Wallet

Copying and pasting a wallet address is confusing, error-prone and financially risky. We, at Onmeta, decided to streamline this step to enhance the user experience, reducing the risk of financial errors and ultimately making crypto transactions more user-friendly. Presenting— Onmeta’s Connect Wallet, with intuitive and user-friendly UI.

Now users can just directly go to https://onmeta.in/buy/sell-tokens1 and connect their favorite wallet from the 150+ wallets (1inch, Ledger, Zerion, Bitkeep, Coinbase, Uniswap and much more) that we support across 11 major blockchains and easily buy/sell cryptocurrencies with locally popular fiat payment methods like UPI & Bank transfer in India and GCash, GrabPay & PayMaya in the Philippines. 

With this launch, Onmeta becomes the first onramp and offramp solution provider to have the wallet connect feature which will allow Indian & Philippines users to explore any global web3 app by just connecting their favorite web3 wallet and easily buy/sell cryptocurrencies with local payment methods.

2. Offramp on Solana & Hedera chain

Offramp is equally important as onramp as Offramp services bridge the gap between the traditional financial system and the world of cryptocurrencies. To make the user experience more seamless, we introduced off ramp services on both Solana and Hedera blockchain. 

Users can now convert their tokens on Solana and Hedera blockchain to fiat with Onmeta instantly. Our user- friendly and intuitive interface allows users to experience hassle-free and instant checkout options. Onmeta also implements know-your-customer (KYC) and anti-money laundering (AML) procedures, helping ensure compliance with the law. This feature will make it easier for individuals and institutions to participate in both financial ecosystems.

3. One click Checkout widget

Generally, all exchanges have an in-built feature which shows the quotation i.e. the amount of tokens a user will receive for the fiat amount entered. After confirmation, we introduced our one click checkout widget feature where the user will be directed to the payment page rather than the quotation page.

By eliminating the intermediary step of displaying the quotation, the purchasing journey becomes more efficient and user-friendly. The widget provides a seamless transition from inputting the desired fiat amount to initiating the payment process.

This enhancement significantly reduces the number of steps required for a transaction, enhancing convenience and expediting the overall purchasing process for our users. It aims to provide a more streamlined and frictionless experience, allowing users to swiftly complete their token purchases without the need to navigate through multiple pages.

4. Wallet Address Checks in Widget

Multiple times users add wrong wallet addresses while buying tokens which results in huge losses. To reduce the input issues for invalid wallet addresses, we introduced wallet address checks in the widget. 

By implementing real-time validation checks within the widget, users will receive immediate feedback on the accuracy of their inputted wallet addresses before finalizing the transaction. This proactive validation mechanism acts as a safeguard against potential errors, preventing users from inadvertently inputting incorrect wallet details and thereby avoiding subsequent financial losses.

Partner Integrations

Aura joined hands with Onmeta

We take extreme pleasure to announce that we partnered with Aura — a NFT marketplace that allows users to discover new web3 games and mint cool NFTs. Aura is here to solve the difficulty of gamers to transition from web2 to web3. It unlocks new experiences and metaverses while helping gamers to reimagine gaming as a viable career opportunity. 

Onmeta is providing a seamless buying experience for the gamers at Aura by allowing them to buy their favorite tokens and min cool NFTs. With user-friendly onramp solution provided by Onmeta, users can easily buy USDC, ETH, DAI and many other tokens on Polygon, Ethereum and BNB chain. This hassle-free onramp experience will help users to start their exciting  journey on Aura. 

The partnership between Onmeta and Aura is rooted in a shared vision of making cryptocurrency and web3 accessible to everyone and making the buying experience more convenient and quick through robust and modular infrastructure. 

Ottr Wallet partners with Onmeta

We are thrilled to announce that we joined hands with Ottr Wallet — an effortlessly secure wallet for anyone and everyone. Remembering secret keys/phrases while creating a cryptocurrency wallet is a very tedious task. Ottr wallet is here to simplify this by safely encrypting and creating a backup of secret keys in iCloud or Google drive. 

Onmeta is providing a seamless buying experience to the users of Ottr Wallet and have all the ownership rights of their tokens. With the user-friendly onramp solution provided by OnMeta, users can now effortlessly acquire USDC and embark on their thrilling journey with Ottr Wallet. 

Onmeta’s integration with Ottr Wallet is a significant step towards making cryptocurrency more accessible. The idea is to remove every possible friction point from the user experience to seamlessly onboard them to web3.

Zerion partners with Onmeta via Onramper

We are excited to announce our partnership with Zerion — a smart and social web3 wallet which allows users to manage their DeFi and NFT portfolios, trade across 10+ networks and connect to any decentralized application with a single wallet.

With the user-friendly onramp solution provided by OnMeta, users can now effortlessly buy tokens on Ethereum, BNB, Arbitrum, Polygon, Optimism, Avalanche and zkSync blockchain and start their thrilling journey with Zerion. 

The partnership between Onmeta and Zerion via Onramper is rooted to a shared vision of removing every possible hurdle in buying cryptocurrency and the user experience. We are working towards the goal of onboarding more and more users to web3 and providing them a simplified payment solution.

Community Engagement

Unfold 2023

Community and networking are the backbone of web3 and we, at Onmeta never leave a chance to interact and connect with OG BUIDLers out there. So, we checked in at Unfold 2023, Bangalore.

Unfold 2023, organized by CoinDCX, marked a historic moment in the Indian Web3 landscape. With keynote speakers like Sumit Gupta from CoinDCX, Sandeep Nailwal from Polygon, , Balaji Srinivasan, Emin Gün Sirer from Ava Labs, Mo Shaikh from Aptos, this year was a roller coaster ride of fun and knowledge. Learning from these speakers, networking with our friends from the community and sharing insights with the attendees made the event a memorable one.  

With over 2500+ participants, this event has solidified India’s position as a Web3 powerhouse. Future of India looks bright in terms of cryptocurrency, as more and more younger minds are coming up with some extraordinary ideas. 

Here are some snippets from the event:

IBW Warm-Up Party

Team Onmeta checked in at the warm-up party of the biggest web3 event happening this year — India Blockchain Week 2023

The most anticipated event for the Indian Web3 community is Indian Blockchain Week, which is from December 4th- December 10th in Bangalore. A whole week packed with exciting web3 events, insightful conferences and crazy networking, revolves around the IBW Conference, a 2- day conference organized by Hashed Emergent. 

Over 150+ enthusiasts from the Indian crypto scene united for a night that set the tone for what’s to come! From hardcore builders to visionary investors and everyone in between gearing up for the biggest web3 event in India. Conversations were packed with the goal of collectively building the Indian blockchain ecosystem.

Here’s a sneak peek:

Web3 Startup Blueprint series by Foundership and 0xCamp

Educating the community about the web3 world is our top priority and a similar opportunity knocked our door. Our business head, Prateek Gupta was invited by Foundership to speak about  Decoding Scaling for Web3 & DeFi Projects and uncover proven strategies to scale your startup without compromising on performance or security.

Prateek shared the panel with other thought leaders in the field of DeFi and it was an interactive panel discussion on what it takes to build a successful startup in DeFi from the ground up. This event was the part of Startup Blueprint Series, a one-of-a-kind event meticulously designed to equip you with the actionable insights, strategies, and connections you need to thrive in today's competitive landscape.

Generating awareness on web3 and cryptocurrency is important when it comes to the Indian market and we, at Onmeta, are working relentlessly in this direction.

Conclusion

In closing, the month of October has been filled with exciting milestones and memorable experiences for Onmeta. From rolling out game-changing features to simplifying user experiences in the crypto world, we continue to innovate and empower users in the world of cryptocurrencies. With multiple product updates to having amazing networking experience at events, we are now more determined on onboarding more people to web3 space and doing every possible thing for customers and client satisfaction. Here's to a future filled with further advancements, meaningful partnerships, and continued growth. Stay tuned for more exciting updates from Onmeta.