Fiat currencies and crypto assets move through different systems. Traditional currencies use payment networks and currency accounts, while crypto assets move between blockchain addresses and are managed through wallets. Exchanging fiat for crypto, or crypto back into fiat, therefore requires an on-ramp or off-ramp. ZEN.COM handles the payment side of that process while connecting users with external crypto-asset service providers.

Why fiat and digital assets use different systems

Fiat currency is government-issued money, including the US dollar, euro, and Polish zloty. It can be held in a payment account, transferred, exchanged for another currency, or spent with a card.

Crypto operates differently. Digital assets are recorded on blockchains and sent to wallet addresses according to the rules of each network. As a result, sending euros and sending Bitcoin involve different procedures. Moving value between the two systems requires a service that can convert fiat into crypto or convert crypto back into fiat.

What are crypto on-ramps and off-ramps?

A crypto on-ramp is the route into digital assets. It allows users to spend fiat currency to buy crypto. The process generally involves selecting an asset and amount, reviewing the applicable terms, and providing the wallet address that should receive the purchased asset.

A crypto off-ramp works in the opposite direction. A user sends a digital asset to a service provider, which sells it and returns the value in fiat currency.

These functions are separate. A specialized provider completes the crypto transaction, while a financial application can manage the payment side before a purchase and after a sale.

How ZEN.COM connects fiat and digital capital

ZEN.COM connects fiat payment services with crypto services supplied by external partners. Its multi-currency payment account supports 35 fiat currencies and gives users access to on-ramp and off-ramp providers within the app. Users can begin with a supported currency and manage the fiat portion of the transaction there.

Crypto purchases and sales available through the ZEN.COM app are executed in EUR by the relevant third-party providers. Users holding another supported currency can exchange it for EUR in the app before making a purchase. When crypto is sold through an off-ramp provider, the converted EUR is credited to the user’s ZEN.COM account. Those funds can then be held, exchanged, transferred, or spent.

Users can Buy and Sell Crypto instantly with ZEN.COM through the providers available in the app. Before confirming a transaction, they can review the rate and applicable fees, along with the other transaction details.

What the process looks like

Buying crypto with fiat

1. Have EUR available in the ZEN.COM account. If necessary, exchange another supported currency into EUR.
2. Choose the cryptocurrency and enter the amount.
3. Review the provider’s terms, rate, and fees.
4. Select an external wallet address and confirm the transaction.

Selling crypto for fiat

1. Select the asset and amount to sell.
2. Review and accept the provider’s exchange terms.
3. Send the asset as instructed by the provider.
4. Receive the converted EUR in the ZEN.COM account.

The app also provides an option to save a preferred external wallet address. The address may point to a crypto exchange or a hardware wallet. Before confirming any transaction, users should check the address, network, rate, fees, and provider terms. A wrong address or network selection may be difficult or impossible to reverse.

Managing recurring purchases and payment flows

Before buying crypto, a user may need to exchange a local currency into EUR. After selling crypto, the user needs an account capable of receiving the EUR proceeds. ZEN.COM connects both payment steps through its multi-currency account, which supports 35 fiat currencies.

ZEN.COM also allows users to set up recurring crypto purchases through available providers. Users choose the asset, amount, and frequency, and future purchases follow that schedule automatically. The crypto provider remains responsible for setting and executing the crypto transaction.

ZEN.COM displays the rate and fees before confirmation and manages the payment services within its scope. Users can review what they are approving and identify which provider is responsible for the crypto portion of the transaction.

Responsibilities within the ZEN.COM app

UAB ZEN.COM is an electronic money institution and handles the payment services involved in the process. Third-party crypto-asset service providers handle the crypto purchases, sales, exchanges, and transfers available through the app under their own terms and regulatory responsibility.

Before confirmation, the app allows users to review the current rate, fees, supported assets, and provider details. Crypto prices and service availability may change, so users can check the terms that apply to a specific transaction before proceeding.

A bridge between fiat and digital assets

Fiat and crypto operate on different infrastructure. Through ZEN.COM, users can manage fiat funds in one multi-currency app and access external providers when buying or selling crypto. Before money moves, they can review the amount, rate, fees, and provider involved in the transaction.

This sponsored article was created in partnership with ZEN.COM. The original article was published by Coinfomania.