Core Concepts & Use Cases

Before you begin integrating the Alfred's API, it's important to understand some core concepts to ensure a smooth building process.

Customers
Alfred Customers represent the individual users of our partners. KYC checks are done with the provided information and files on the user to verify that they can safely and compliantly use our services. Once the Customer KYC has been completed, you add connect the user's payment method and begin transacting.

KYC Onboarding
KYC onboarding refers to the process of collecting information about your customers necessary to enable them transact. Once submitted, the information is reviewed and their KYC status is updated. Requirements vary based on the country in which the customer resides.

Payment Methods
Payment Methods refer to the bank account of the customer, to which deposits and withdrawals will be made in the local currency.

Quotes
Quotes provide real-time exchange rates and fees for transactions.

Transactions
Alfred supports two types of transactions - onramps and offramps.
An onramp transaction represents a deposit of fiat from a user's bank account to crypto in their digital wallet.
An offramp transaction represents a withdrawal of crypto from a user's digital wallet to fiat in their bank account.

Use Cases:
With so much functionality, it can be hard to determine the best way for you to leverage alfred's technology to connect your user's to cash or allow them to purchase/liquidate digital currencies to their bank accounts. Many crypto apps utilize our APIs and tools to connect and power their expansion into Latin America. Integrating with our toolset will put you on the same playing field as the world's leading crypto platforms.

ON Ramp:
alfred ON Ramp allows your users to purchase digital assets with local currency in supported countries and payment methods.

OFF Ramp:
alfred OFF Ramp allows your users to sell digital assets for local currency in supported countries and payment methods.

Our payment rails solution allows users to buy or sell digital assets in a simple, secure, and efficient way. Connect to their bank account or allow them to cash out at one of our Retail/ATM locations across LATAM.

Checkout Widget:
With our Widget, integrate a supported iFrame onto your app or web platform giving you a plug and play solution to all of our supported capabilities and geographies. Eliminate the need to build your own KYC process or checkout UI. Seamlessly offer compliant deposits and withdrawals with only a few lines of code.

KYC/KYB Compliant Services:
An API that offers a compliance as a service and user management system. This is the gateway that unlocks all of Alfred's powerful offerings ensuring a quick and seamless integration.