Core Wallet Launches Direct Onramp for Bank and Debit Card Transfers, Simplifying Fiat-to-Crypto Conversions on Avalanche

Core Wallet, the native wallet for the Avalanche blockchain platform, has launched a new onramping feature that enables users to fund their cryptocurrency wallets directly through bank accounts and debit cards. The update, powered by Meld, streamlines the process of converting fiat currency into crypto, eliminating the need to route transactions through centralized exchanges. This development aims to reduce friction for both new and experienced users by integrating traditional financial tools with decentralized finance (DeFi) ecosystems.

Traditionally, users have had to transfer funds from a bank account to an exchange, convert fiat to crypto, and then move the assets to a wallet—a multi-step process that introduces complexity and potential security risks. Core’s onramp simplifies this by allowing direct fiat-to-crypto conversions within the wallet itself. Once funds are deposited, users can convert them to USDC and swap into any supported token across Avalanche or other multichain networks. The feature is now available via Core’s mobile app, browser extension, and core.app.

“Accessing crypto shouldn’t feel like solving a puzzle,” said Akash Gupta, Vice President of Core. The statement underscores the wallet’s mission to align onchain interactions with familiar financial workflows. By leveraging services such as Coinbase, Stripe, Transak, and others, Core enables users to fund their wallets using everyday payment methods. Additional partners, including Binance Connect and Revolut, are set to be integrated in the near future, expanding the wallet’s global reach.

The update reflects Core’s broader strategy to democratize access to blockchain technology. The wallet, which supports Bitcoin, Ethereum, and Avalanche, offers gas-free transactions for swapping and staking, a unique feature in the Web3 space. Its user-friendly design merges Web2 usability with Web3 functionality, catering to both beginners and advanced users. By reducing the steps required to move money into crypto, Core aims to lower barriers for onboarding new participants into decentralized ecosystems.

Avalanche, the platform underpinning Core’s innovations, emphasizes scalability and interoperability. The network’s architecture allows for rapid deployment of sovereign blockchains, enabling developers to create high-performance decentralized applications. Core’s integration of direct onramps aligns with Avalanche’s vision of a composable multichain future, where seamless asset movement across chains is achievable without intermediaries. This focus on accessibility and efficiency positions the platform as a key player in the evolving DeFi landscape.

With the new feature, Core further solidifies its role as a bridge between traditional finance and decentralized systems. By prioritizing user experience and reducing logistical hurdles, the wallet addresses one of the primary challenges in crypto adoption. As more payment providers join the ecosystem, Core’s onramps could catalyze broader participation in Web3, particularly among individuals seeking straightforward, secure, and cost-effective ways to interact with blockchain networks.