New Delhi [India], September 19: In a strategic effort to bolster the worldwide adoption of Web3 solutions, the Algorand Foundation announces an investment by Algorand Ventures in Onramp.money, a fiat-to-crypto onramp solution originating from India.
Onramp.money, a fiat-to-crypto onramp and offramp solution provider, has recently expanded its services into several jurisdictions across the globe, including Vietnam, the UAE, Turkey, and Mexico.
In the evolving digital landscape, Onramp.money's consistent growth underscores the demand for solutions that seamlessly connect traditional financial systems with the Web3 ecosystem. The platform has witnessed an average 100–200% recurring month-on-month growth in both transactions and user engagement.
“At AlgoBharat, our commitment to India is both strategic and heartfelt. Centered around the guiding principle of 'In Bharat for Bharat', our focus is threefold: expanding the Web3 developer community, fostering the burgeoning Web3 startup arena through mentorship and investments, and forging meaningful alliances with established entities ranging from non-profit organizations to academia and government bodies. We see India not just as a service provider, but as a beacon of innovation.” said Anil Kakani, VP & India Country Head at Algorand Foundation.
"It's not just about numbers. Our partnership with industry leaders like Metamask, Ledger, Circle, JumpTrade, TON, Avalanche, Arbitrum, and now Algorand speaks volumes about our mission. We are excited to be gearing up to roll out our services in over twenty leading markets before the year concludes. This trajectory is a testament to Onramp.money's capabilities, resilient infrastructure, and commitment to simplifying the blockchain realm for millions globally" commented Gaurav Dahake, CEO, Onramp.money.
Staci Warden, CEO of the Algorand Foundation, remarked, "The partnership with Onramp.money is strategically important in that it reinforces Algorand’s commitment to growing the Indian Web3 ecosystem while expanding onramp solutions to new markets and lowering the barrier to entry into the blockchain ecosystem.”
The Algorand Foundation is dedicated to helping fulfill the global promise of the Algorand blockchain by taking responsibility for its sound monetary supply economics, decentralized governance, and healthy and prosperous open-source ecosystem. Designed by MIT professor and Turing Award winning cryptographer Silvio Micali, Algorand is uniquely capable of delivering on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, but with immediate finality, near zero transaction costs, and on a 24/7 basis. For more information, please visit
Originating in India, Onramp.money has swiftly emerged as a leading provider of fiat-to-crypto onramps and offramps, offering a seamless and secure way for users to trade cryptocurrencies using their fiat currencies. Prioritizing user experience and safety, Onramp.money delivers a fast, dependable, and secure platform that caters to both the purchase and sale of cryptocurrencies.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by ATK. ANI will not be responsible in any way for the content of the same)
PM SVANidhi achieves target of covering 50 lakh street vendors
Oct 04, 2023
The scheme, launched on June 1, 2020, is a micro credit scheme for urban street vendors that aims to provide collateral-free working capital loans up to Rs 50,000. Under the scheme regular repayments are incentivized with a 7 per cent interest subsidy and digital transactions are rewarded with cashback up to Rs 1,200 per year.
India's Fastest Growing Hair & Skin Clinic - Advanced GroHair & GloSkin Celebrates Grand Opening in Pune
Oct 04, 2023
Pune (Maharashtra) [India], October 4: Advanced GroHair & GloSkin Clinic, recognized as India's fastest growing Hair & Skin Clinic in the field of Hair Regrowth and Skin Treatment, proudly announces the inauguration of its 25th branch in Baner and 26th branch in Kalyani Nagar. This remarkable achievement underscores the clinic's commitment to meeting the burgeoning consumer demand for top-notch wellness solutions.