🇪🇺EU (Open Banking):
Tylt CrossRamp enables merchants to embed on-ramp and off-ramp functionality using Open Banking rails across the EU and UK, with settlement in USDC.
CrossRamp operates as an embedded crypto exchange and transfer layer, allowing end users to acquire and dispose of stablecoins via local bank transfers, while merchants receive and manage balances in USDC.
Low-Code Integration (Open Banking)
Tylt CrossRamp provides a low-code integration for embedding Open Banking-based on-ramp and off-ramp flows within merchant applications.
This approach enables:
Rapid integration with minimal development effort
Pre-built payment interface for end-user interaction
Standardised flows across supported regions
Integrated compliance stack, including AML, KYC, and Travel Rule requirements
Reduced implementation complexity for merchants
Open Banking Settlement Model
CrossRamp enables end users to initiate account-to-account transfers via Open Banking, which are used to facilitate crypto-asset acquisition and disposal flows.
Under the daily settlement model:
Fiat transactions are completed via Open Banking partners
Corresponding crypto-asset conversions are performed within Tylt
Resulting balances are aggregated and settled to the merchant in USDC
Settlement is processed once daily at 2:00 AM UTC, with the merchant’s USDC balance updated accordingly. Merchants may subsequently use their USDC balance for transfers, payouts, or treasury operations.
Settlement Summary
Settlement Frequency
Daily (2:00 AM UTC)
Settlement Currency
USDC
Fiat Currency (On-Ramp)
EUR, GBP
Fiat Currency (Off-Ramp)
EUR
Payment Method
Open Banking (account-to-account transfer)
Integration Type
Low-code widget
Supported Region
EU and UK
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