A new Telegram-based cryptocurrency service, Cryptomat, allows brand owners to sell crypto and withdraw rubles easily.
A new service for cryptocurrency sales and ruble withdrawals is now available through Telegram, allowing businesses to launch without extensive setup. The ONLY team has introduced Cryptomat, a Telegram bot that functions as a mini-application based on the ONLYP2P service, which can be customized with a brand's name and logo.
The rise of P2P exchanges has seen a shift from informal chats to more structured mini-apps. In traditional P2P transactions, users negotiate rates and methods directly, which poses risks, especially without third-party guarantees. Issues have arisen in the Russian market, particularly after KuCoin and OKX imposed restrictions on transactions involving Russian banks, and Binance announced the sale of its Russian operations.
P2P Transactions Transitioning to Telegram
Telegram mini-apps now allow users to interact within the messenger, making it easier to manage requests and track transaction statuses. ONLYP2P offers an automated matching system where users deposit funds and wait for a payer, streamlining the process while still requiring manual payment verification.
Cryptomat operates under a white-label model, enabling partners to leverage its infrastructure while maintaining their brand identity. The service supports deposits in major cryptocurrencies like USDT, Litecoin, and Bitcoin, and allows users to withdraw rubles to their bank cards after transactions are confirmed.
Setting up the service is straightforward and free. ONLY provides technical support, transaction processing, and updates, while partners focus on marketing. They also receive a management panel to set pricing and monitor performance.
Understanding Revenue and Markup
Cryptomat applies a markup on ruble credits, which can be adjusted between the partner and the client. For example, with a 7% markup, a user depositing 1,000 USDT might receive 94,900 rubles, while the partner earns 10 USDT. This markup is determined by the difference between market rates and the prices offered by payment services.
The service also offers additional features, such as AML checks and TRON Energy rentals. Partners can expect revenue to vary based on transaction volume and user engagement, making it ideal for projects with active customer bases.
Target Audience for Cryptomat
Cryptomat is designed for various entities, including exchange owners and cryptocurrency-focused Telegram channel administrators. The service is particularly suited for those who regularly deal in ruble transactions, with an optimal transaction size suggested between 3,000 to 5,000 rubles. Partners must prepare branding, define service offerings, and drive user engagement to maximize their earnings.
For more information, interested parties can view the interface through the Cryptomat application and will discuss branding needs with ONLY representatives. Links to further details are available through the ONLYP2P channel.
