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Jun 06 2024
[BLOG] How to Accept Payments in Nano as a Business and Avoid Fiat Ramps
Accepting payments in nano as a business can be as simple as setting up a self-custody wallet and properly communicating it. However, doubts can arise about how to liquidate or make this XNO circulate.
Community contributor Vini Barbosa addresses this topic in this article: "How to Accept Payments in Nano as a Business and Avoid Fiat Ramps."
I have been accepting payments in nano (ticker: XNO, symbol: Ӿ) since 2020, and while onboarding others to do the same, one of the most recurring concerns he identified is "How to properly off-ramp to fiat currencies to save, spend, or pay for business costs?" This is a fair concern, which I want to address in this article.
TL;DR: You won't need to off-ramp most of the time. Or, at least, that's the general idea: Avoiding on-ramps and off-ramps as much as possible.