# 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.

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#### 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

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#### 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.

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#### Settlement Summary

| Feature                      | Open Banking (EU/UK)                       |
| ---------------------------- | ------------------------------------------ |
| **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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