Crypto Platform Offramp to Cease Operations by End of Year

Offramp, a cryptocurrency-based cross-border financial platform targeting freelancers in Latin America, has announced that it will cease operations. The company's transfer, QR code payments, deposits, and investment features were deactivated on July 1. Following this, Offramp will suspend fiat currency deposits and withdrawals, as well as crypto deposits, from July 31.

Additionally, the platform will deactivate its physical and virtual cards and shut down its mobile app starting July 31. On September 30, Offramp will stop allowing users to withdraw cryptocurrencies, marking a significant decline in services. The final shutdown of all remaining functions is set for December 31.