Settlement

Off Ramp Partner

Third party used for conversion and payout
On Chain Transaction

Transaction recorded directly on a blockchain
On Ramp Off Ramp

Conversion between fiat and digital assets
Payout Schedule

Frequency and timing of merchant payouts
Proof of Funds Source of Funds

Verification of origin of funds
Reorg Chain Reorganisation

Temporary rewrite of recent blockchain history
Settlement

Transfer of funds to merchant account
Bank Rail

Fiat payout method such as SEPA or SWIFT
Proof of Funds Source of Funds

Verification of origin of funds
Reorg Chain Reorganisation

Temporary rewrite of recent blockchain history

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