Bridge the Gap: Receiving Stablecoins via Bank Transfer
This feature demo highlights the power of Virtual On-Ramps, a solution designed to simplify the payment experience for clients who prefer traditional banking. You will learn how to set up a “Bridge Entity” that generates a unique bank account for your customer, allowing them to initiate a standard transfer that arrives in your wallet as stablecoins. Whether you are utilizing a Salesforce native wallet or an external liquidation account, this video demonstrates how to automate the KYC process and provide clear, professional transfer instructions to your clients, ensuring a frictionless transition from fiat to digital assets.
Video Transcript
Virtual on-ramps let your clients pay you via bank transfer while you get stable coins. For this demo, we will use our liquidation wallet that goes directly to our bank account, but you can use a Salesforce native wallet or external wallet as well.
Virtual on-ramps create a bank account on behalf of your client, so you’ll create a new bridge entity for them to undergo the KYC process. The client will need to complete the process, so just email or text them the link.
Once the client completes the process, you can set up their virtual wallet and on-ramp. Create a new account wallet choosing a virtual wallet to hold the virtual on-ramp. Name the wallet and connect it to the company wallet where you wish to receive your payment—in this case, the EVM liquidation wallet.
Create a inbound virtual on-ramp for the network and stable coin you wish to use. This creates the bank account and the associated transfer instructions. Just download the transfer instructions and email them to your client. When they send a payment to that address, it will be automatically on-ramp to stable coins and sent to your wallet.