Onramp Money enables $IOTA: A New Era for IOTA Adoption in India, Turkey, Nigeria, Indonesia, Vietnam, UAE, and Mexico

Onramp.money
2 min readSep 27, 2023

Onramp Money is proud to announce the support $IOTA token. This exciting collaboration opens the door for users in India, Turkey, Indonesia, Vietnam,Nigeria, UAE, and Mexico to seamlessly purchase $IOTA tokens using their local fiat currencies.

How to buy IOTA on Onramp Money and deposit on Firefly wallet:

The Power of IOTA Tokens:

The IOTA token stands as the fundamental unit of value within the IOTA network. There is a fixed supply of 2,779,530,283,277,761 IOTA tokens circulating on the IOTA network. These tokens are securely stored in IOTA wallets, protected by an 81-character seed, which serves as a password. To manage and spend these tokens, IOTA provides a user-friendly cryptocurrency wallet. For those seeking an additional layer of security, hardware wallets are also available, allowing users to keep their credentials offline while facilitating transactions.

The Unique Role of the Coordinator Node:

The IOTA Network, called Tangle, is an open, feeless and scalable distributed ledger, designed to support frictionless data and value transfer. It requires no blocks nor miners, overcoming the cost and scalability limitations of traditional blockchains. Learn more about IOTA here.

The Future of IOTA in India, Turkey, Nigeria, Indonesia, Vietnam, UAE, and Mexico:

By enabling $IOTA tokens on Onramp Monet, users in India, Turkey, Indonesia, Nigeria, Vietnam, UAE, and Mexico are now empowered to participate in the exciting world of IOTA ecosystem seamlessly. By allowing the purchase of IOTA tokens with local fiat currencies through instant bank transfers, this collaboration eliminates many of the barriers that have hindered widespread cryptocurrency adoption.

About IOTA

IOTA is an open-source distributed ledger and cryptocurrency designed for the Internet of things. It uses a directed acyclic graph to store transactions on its ledger, motivated by a potentially higher scalability over blockchain based distributed ledgers.

IOTA is a distributed ledger with one big difference: it isn’t actually a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions. The foundation behind this platform says this offers far greater speeds than conventional blockchains — and an ideal footprint for the ever-expanding Internet of Things ecosystem.

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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.

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