How Does
Settlement Work?
When it comes to settlements with your WalletWise account, the user makes the transaction in the desired currency or holding, which is deducted from their account. Meanwhile, the enabler - WalletWise - performs the transaction on the user's behalf in the required currency. The deducted currency/holding from the user's account is off-ramped and adjusted with the enabler on the back end.
What Is
On-Ramping?
On-ramping is a term used to describe converting fiat to digital currency. In this process, fiat is transferred to the enabler and in turn, they deposit the desired currency or token in the designated user wallet. On-ramping is limited to regions where digital currencies are allowed under the area’s regulations. For other regions, wallet-to-wallet currency transfer to top-up will work.
What Is
Off-Ramping?
Off-ramping is a term used to describe the process of converting digital assets to fiat. In this process, digital assets are transferred to the enabler and in turn the enabler transfers the desired fiat currency to the designated user bank account.
