What is Fiat Off-Ramp?

A fiat off-ramp is an exchange or similar service that allows for digital assets like cryptocurrencies to be exchanged for fiat currency like the U.S. dollar. Off-ramps are a software-based service built by a financial service provider, usually with a banking license to legally operate in their specific jurisdiction. A fiat off-ramp enables users who have purchased cryptocurrencies to convert their digital assets back into fiat currency.