Blockchain Bridge

As we have previously seen, you can use ramps to transfer FIAT currencies onto the blockchain into their tFIAT equivalent and vice versa.

Here is a step by step guide on how to use that functionality to transfer a token like WETH (Wrapped Ether) between two different chains (call them Chain 1 and Chain 2):

Step 1: Bridge Chain 1 - TradFi

  • Connect to Chain 1 and convert your WETH tokens into tFIAT tokens. You can pick the tFIAT token that you want but depending on the amount you wish to transfer, some tFIAT tokens might offer more liquidity than others.

  • Find a ramp and convert your tFIAT tokens into the FIAT equivalent

Step 2: Bridge TradFi - Chain 2

  • Connect to Chain 2 and find a ramp to convert your FIAT money (obtained after the previous step) into its tFIAT equivalent on Chain 2. Tags are a great way to filter and find ramps you want to do business with.

  • Finally, in the PaySwap Exchange, swap your tFIAT tokens for WETH tokens on Chain 2

Congratulations! You have successfully transferred you WETH tokens from Chain 1 to Chain 2.

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