Why is it challenging to add off-ramp to Rainbow wallet? #813
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The on-ramp experience on Rainbow is phenomenal using Apple Pay. I'm curious what the challenges are with off-ramp? I would have thought off-ramp is less risky because crypto is being sent by the wallet (which is irreversible) and fiat is being received. Surely the on-ramp is riskier because the crypto can't easily be claimed back by the on-ramp provider? Thanks, Ronan |
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Replies: 1 comment
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Hi @RonanKMcGovern – I'm going to close this issue discussion for being somewhat off-topic with regards to RainbowKit. There are many challenges in on-ramps and off-ramps including (but not limited to): KYC/AML, liquidity and reserve management, payment processing, delivery of funds, unclear & changing regulation, fees, etc etc. We're currently working to improve our on-ramp in the wallet, stay tuned! Appreciate you Rainbow and RainbowKit! |
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Hi @RonanKMcGovern – I'm going to close this issue discussion for being somewhat off-topic with regards to RainbowKit. There are many challenges in on-ramps and off-ramps including (but not limited to): KYC/AML, liquidity and reserve management, payment processing, delivery of funds, unclear & changing regulation, fees, etc etc.
We're currently working to improve our on-ramp in the wallet, stay tuned! Appreciate you Rainbow and RainbowKit!