Integrating Aptos on Onramp Money: A New Era for Global Crypto Transactions

Onramp.money
3 min readFeb 14, 2024

The integration of Aptos mainnet on Onramp Money marks a significant step for global users. It enables users from India, Turkey, Vietnam, Mexico, UAE, Kenya, Nigeria, Colombia, Peru, Chile, Europe, and Indonesia to buy and sell $APTOS using their local fiat currencies instantly via Bank Transfers. This integration not only enhances accessibility but also fosters a more inclusive crypto economy, breaking barriers across the globe.

What is Aptos?

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.

Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems.

What Makes Aptos Unique?

The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.

This high transaction throughput is possible through a parallel execution engine (Block-STM) — a byzantine fault-tolerant (BFT) PoS consensus mechanism. For context, most blockchains execute transactions sequentially, which means that a single failed transaction or high demand on the network could hold up the entire chain.

In the case of Aptos, all transactions are processed simultaneously and validated afterward. Failed transactions are either re-executed or aborted, thanks to the blockchain’s software transactional memory libraries, which spot and manage conflicts.

Aptos is built using Move, a new smart contract programming language that claims to offer advantages to Solidity, the EVM-based programming language. This includes blockchain commands that can be easily verified, modification of private key and modular design of Aptos.

New use cases can be realized through Aptos’ upgradeability and configurability, while horizontal throughput scalability — through the natively-implemented sharding feature — provides a better user experience.

Aptos Coin (APT)

APT, the native token of Aptos, showcases the Move-based resource object functionality. New accounts must register all coins using the signer object before transfers and module use. It’s noteworthy that Aptos coin is not ERC20-compatible, thereby excluding allowance functionality. Instead, modules interact directly.

About Aptos

Aptos is a Layer 1 blockchain that uses the Move programming language. The cryptocurrency promises users increased scalability, reliability, security and usability.

The Aptos genesis occurred on October 12, 2022, with Aptos blockchain’s mainnet “Aptos Autumn” launched on October 17, 2022. The blockchain has raised millions of dollars from investors so far. Aptos is a Layer 1 blockchain built with a Rust-based programming language called Move. Its key features include a parallel execution engine, high-level security features and low transaction costs.

Discord | Twitter | Telegram | Linkedin | Aptos Foundation

About Onramp Money

Onramp.money is a leading provider of fiat-to-crypto onramp solution, offering a seamless and secure way for users to trade cryptocurrencies using their fiat currencies. Prioritising user experience and safety, Onramp.money delivers a fast, dependable, and secure platform that caters to both the purchase and sale of cryptocurrencies.

Twitter | Linkedin | Website | Download Onramp App

--

--

Onramp.money

The easiest way to accept crypto payments for 🇮🇳. Visit us at https://onramp.money