London, England, September 10th, 2024,
Chainwire
Ramp Network, the financial technology company
building payment rails connecting crypto to the global financial
system, has added support for 17 additional U.S. states, becoming a
major crypto on-ramp provider to expand its support to users across
the entire U.S.
Ramp Network's crypto onboarding services were previously
available in 33 U.S. states and the District of Columbia, enabling
users to buy and sell 100+ supported cryptocurrencies with almost
instantaneous delivery and some of the highest available limits, at
the click of a button.
By extending the access to its’ services to over 100 million
users in Alaska, Alabama, Arkansas, Florida, Kentucky, Louisiana,
Maryland, Minnesota, Nevada, New Jersey, New Mexico, New York,
North Dakota, Ohio, Oregon, Vermont, and Washington, Ramp Network
is delighted to support simplified onboarding via bank cards and
Apple Pay to Web3 in all 50 U.S. states and the District of
Columbia.
The newly added states will support purchases for all of the
most popular crypto assets, including Bitcoin (BTC), Ethereum
(ETH), Polygon (MATIC), Solana (SOL), USD Coin (USDC), and Tether
(USDT), as well as many other cryptocurrencies. The exact list of
supported tokens may vary from state to state depending on
regulatory requirements.
“The U.S. market is Ramp's largest, and we have always
prioritized delivering the best experience to our American users.
Previously, our services were available in 33 states, but today
marks a significant milestone as we expand our reach to all 50
states. We're proud to offer our top-tier services to launch in
traditionally challenging markets like New York, Hawaii, and
Louisiana” said Szymon Sypniewicz, CEO and Co-Founder of Ramp
Network. “This expansion allows us to serve all Americans but also
enables hundreds of our partners to onboard over 100 million people
in the now accessible states. We're thrilled to offer nationwide
access and look forward to welcoming new users to our platform”
continued Sypniewicz.
Americans' interest in crypto is rising rapidly. A report by
Coinbase reveals that
58% of Americans have at least heard of Bitcoin, while 15% said
they are either somewhat or very likely to buy crypto in the near
future, suggesting enormous demand for Ramp's simplified crypto
on-ramps. There's reason to believe these numbers will become even
more significant in the near future too, as 70% of U.S. states have
already enacted regulations around cryptocurrencies and
blockchain.
As one of the top fintech infrastructure providers in the crypto
space, Ramp Network is paving the way for millions of consumers
globally to access Web3 through its industry-leading on- and
off-ramp products that simplify the digital asset purchasing
process. Its API-based tools enable decentralized application
developers to embed simple crypto on-ramps and off-ramps directly
into their dApps. Some of its major partners include top-tier
crypto wallets such as MetaMask, Trust Wallet and Exodus, which integrate
Ramp's on-ramp directly within their apps.
Ramp proudly serves more than 150 countries and regions
globally, supporting crypto purchases in 42 fiat currencies via
payment methods such as bank transfers, credit/debit cards, Apple
Pay, Google Pay, SEPA & SEPA Instant and Pix (in Brazil). This
is just the start, as Ramp is working to add support for local
payment methods in Argentina, Mexico, India and other
countries.
As part of its mission to bring Web3 to the masses, Ramp is
constantly pioneering new experiences to streamline crypto
onboarding, and recently announced the launch of its revolutionary
document-free
verification system for users in Brazil. Document-free
verification allows new users to purchase crypto for the first time
up to four-times faster than before, with increased transactional
limits and the highest level of security and compliance. The
feature, which is targeted at users who want to buy above-average
amounts of crypto, is available in Brazil now ahead of a wider
global rollout that's planned in the months ahead.
About Ramp Network
Ramp Network is a financial technology company
building solutions that connect the crypto economy with today’s
global financial infrastructure. Through its core on- and off-ramp
products, Ramp Network provides businesses and individuals across
150+ countries with a streamlined and smooth experience when
converting between cryptocurrencies and fiat currencies. Ramp
Network is fully integrated with the world’s major payment methods,
including debit and credit cards, bank transfers, Apple Pay, Google
Pay, and more.
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