Create an Offramp Transaction
Exchange cryptocurrency for fiat. Offramp from a blockchain wallet to a payment method.
Custodial Wallet Address Management for Offramps
AlfredPayment Manager - With APM we are able to streamline digital payments for clients using custodial wallets. The solution involves managing rotating wallet addresses for each blockchain (Solana, Tron, Ethereum, Base, Arbitrum, and Matic) through smart contracts. These wallet addresses are shared with clients to enable seamless payments from their unique wallets, ensuring that USDC/USDT can be received and settled into a registered FIAT account via the Penny API.
Once the funds are received in the wallet, Alfred settles the FIAT currency into the client’s FIAT account registered in "Create Payment Method".
When APM (AlfredPayment Manager) is implemented origin address is optional and is not required to be passed in the body of the request. Event statuses are generated and sent to our ramps from the smart contracts configured per chain in order to liquidate the FIAT anywhere from 3-5 minutes.
In Local Balance: fiatAccountId is not required, same curl but without that field because the account assigned to the customer (Local Account for Argentina) will be funded, once the crypto is deposited, the process ends with the status: "FIAT_TRANSFER_COMPLETED"