Offramp to shut down, phases out crypto and fiat services through Dec. 31

The crypto-native cross-border platform focused on freelancers in Latin America began disabling core features on July 1, with crypto withdrawals ending Sept. 30 and savings and investment accounts closing at year-end.

CORE

Summary

Offramp, a crypto-native cross-border platform serving freelancers in Latin America, said it will cease operations and wind down its services in stages through December 31. Transfers, QR-code payments, deposits and investments were disabled on July 1. Fiat withdrawals and deposits, crypto deposits, cards and the mobile app are set to stop on July 31, followed by crypto withdrawals on September 30. Savings and investment accounts will close on December 31, marking the final step in the shutdown.

Terms & Concepts
  • cross-border platform: Service for payments across countries
  • fiat: Government-issued currency like dollars
  • QR-code payments: Payments made by scanning codes