Following our discussion on Polkassembly - here is the proposal for on-ramp to polkadot ecosystem.
Intro:
We see the Polkadot ecosystem developing, but for usage numbers to come, easy access for new users must be ensured. Currently, the first-time user willing to enter the ecosystem must enter either via centralised exchange. These steps are bearable for the current users of the network and crypto-natives, but will be a huge obstacle to new participants.
To significantly improve the process for the end-user, networks need on-ramps for easy, streamlined access using fiat money.
Solution
Here enters Ramp. With Ramp the purchase process takes place in just one interface, it is directly correlated to the wallet user is using for the purchase and, usually, takes much less time and requires fewer data than centralised exchanges need.
Ramp offers a powerful SDK that allows developers to offer DOT purchases with cards, bank transfers and open banking within their apps. This means that Polkadot powered solutions requiring DOT to use wouldn't need to ask new users to leave the app to complete the purchase. Think of it as Stripe for crypto onboarding.
With Ramp, we want to provide DOT users and developers with a battle-tested alternative to a centralised exchange: an on-ramp that easy to implement and delightful to use. It will shorten the onboarding process from a few days to a few minutes which will contribute to the overall development of the Polkadot ecosystem.
Details of the proposal: https://docs.google.com/document/d/1u0h1CRrK-a-a83mecWSzNfvlBxUCurFf6Z6cME_HHCA/edit?usp=sharing
Introduction: The Polkadot ecosystem needs easier access for new users. Currently, new users must use centralized exchanges, which can be difficult for beginners.
Problem: Entering the Polkadot ecosystem is complicated for new users, especially those unfamiliar with cryptocurrency.
Solution: Ramp offers an easy way to buy DOT (Polkadot's native token) directly within apps. It works like a "Stripe for crypto onboarding."
Features: Ramp allows users to buy DOT using cards, bank transfers, and open banking, all within the same interface.
Benefits: This makes the onboarding process faster (from days to minutes) and more user-friendly.
Implementation: Developers can integrate Ramp's SDK into their apps, so users don't have to leave the app to buy DOT.
Goal: To provide a simpler, faster way for new users to join the Polkadot ecosystem, boosting its growth.
Details: The full proposal can be found here.