The Future of Onboarding: Fiat to L2 Blockchains Simplified
Streamlining new user acquisition with Decent’s onramp application.
Introduction
In the rapidly evolving landscape of web3, the rise of L2 blockchains has marked a significant shift towards addressing issues that have long plagued the growth of onchain user activity. With L2s offering significant improvements over their predecessors, onchain applications are making the switch — or deploying outright — to these networks to improve user experiences.
While L2s eclipse L1 networks in terms of lower transaction costs and latency, onboarding new users directly to these chains requires them to both understand and execute multiple steps across different applications (see diagram below), friction that inhibits the scaling potential of these apps and onchain activity as a whole.
To attract and retain new users, dApps must prioritize user experiences that are as seamless as they are in web2 — and that starts with how these users are onboarded onchain.
The Complications of Crypto Onboarding
In order for net new users to participate onchain, they require the correct assets to do so. Onramping refers to the process of converting traditional fiat currency into cryptocurrency such as ETH or USD, which is stored in a cryptocurrency wallet created by the user prior. While this sounds easy enough, the increasing number of rollups and crypto assets required to engage with them introduces the need to bridge and swap assets across these chains, a process loathed by even the most veteran crypto user. It’s true — 80% of surveyed users report they would walk away from a transaction if they don’t have the right assets instead of bridging.
With dApps dispersed across an ever-growing number of rollups, this clunky onboarding process leaves them at a disadvantage, increasing churn and loss of potential audiences due to complicated prerequisites to participate.
In a study conducted by individuals from Decent and Privy, transaction UX, user acquisition, and bridging & swapping top the list of challenges faced by developers when building consumer-facing dApps.
This is why we’ve introduced Decent Checkout, an all-in-one interface that streamlines onboarding by enabling new users to onramp their fiat currency directly to an dApp’s native token in a single, familiar flow.
Direct Onboarding from your dApp
Decent Checkout enables dApps deployed on L2 networks to bypass common growth barriers by streamlining each stage of the onboarding process into a single application:
in-app wallet creation supported by Privy
credit, debit, or bank account connection through Stripe’s secure payment interface
onramp to any token on Optimism, Arbitrum, Polygon, Base, & Ethereum (with additional chain functionality coming soon)
For users who already own a wallet and cryptocurrency, Decent Checkout offers a one-click bridge and swap application for one-click asset transfer between chains. In one seamless flow, Decent Checkout removes all friction between a user deciding to engage with a dApp and actually being able to do so.
Implementation
In the spirit of prioritizing user experiences, implementing Checkout’s seamless user onboarding is as easy as adding a single button to a dApp’s front end. Built akin to a Plaid-style pop-up link, integration can be executed in as little as five minutes.
Further app-specific customization can be executed to autofill to the onramp via Decent’s documentation.
The Road Ahead
As we pave the way for mainstream crypto adoption, developers have the opportunity to play a significant role in scaling blockchain activity through seamless onboarding flows. With Decent Checkout, thousands of dApps (and counting!) can not only overcome growth obstacles related to onboarding users to their own platforms but act as ambassadors for net new audiences to experience just how easy it is to participate in the new internet.
Join the movement towards streamlined onboarding with Decent Checkout; check out our docs to get started.
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