PEXX is addressing the inefficiencies found in many current off-ramping processes, which often involve numerous disjointed steps.
Traditionally, users must first convert their cryptocurrency into fiat in their own bank accounts and then execute another transaction to transfer funds to third parties. This method not only extends the transaction time to 4-6 business days but also incurs substantial fees and profits through FX arbitrage.
At PEXX, we aim to simplify, accelerate, and reduce the cost of off-ramping.
Our innovative solution enables direct transfers of USDT/USDC to third-party recipients in fiat currency. We offer exceptionally low transaction fees based on industry standards and utilize mid-market rates from Google Finance for FX conversions.
This streamlined approach ensures that off-ramping is not only quicker and more user-friendly but also more cost-effective.