Ramp Network, a financial technology firm that is developing payment rails to link cryptocurrency to the global financial system, has announced that it is adding support for SEPA Instant bank transfers in Europe to its crypto-to-fiat off-ramp. Ramp is also expanding the number of local currencies it accepts for Visa and Mastercard payouts, to over 35 currencies. This will let users to sell cryptocurrency and have the proceeds deposited straight to their credit and debit cards in countries that accept it.
In the realm of cryptocurrency-to-fiat off-ramps, Ramp Network has been a pioneer, offering over 40 tokens and a wide reach over 130 countries. The current strategic move by Ramp is intended to improve the cash-out experience for users in the many areas that it covers.
As of right now, the firm is the first significant off-ramp to launch Real-Time Payments in the US and to lead the way in Visa and Mastercard payments internationally. Now, SEPA Instant will provide cross-border payments in real time. Additionally, Ramp customers may easily sell almost any cryptocurrency for EUR at some of the best prices in the market because to the system’s exceptional cost-effectiveness.
Meanwhile, millions of individuals may exchange cryptocurrency into their native currencies because of Ramp’s addition of over 35 more fiat currencies, including the Malaysian ringgit, Mexican peso, and Brazilian real. This implies that customers will benefit from a two-way approach into Web3, where they may easily onboard using their local currency and then switch their crypto back to the same local currency, in addition to avoiding exorbitant exchange costs imposed by banks.
Szymon Sypniewicz, CEO of Ramp Network stated:
“At Ramp, we understand that many of our users still need to use traditional fiat currencies in their daily lives. That’s why we ensure seamless cashing out by allowing users to choose their preferred payment method and currency. Ramp’s off-ramp has long been the benchmark for coverage, transaction speed, and pricing in the market, and we’re committed to maintaining this standard by staying closely connected and relevant to our users’ needs all over the globe.”
Increasing the number of accepted payment choices for consumers is one of Ramp’s primary areas of concentration as one of the largest on- and off-ramp providers in the cryptocurrency space. Ramp has been at the forefront of the movement toward the widespread acceptance of digital assets. In order to do this, Ramp provides its customers with a wide variety of payment and payout options, such as bank transfers, credit and debit cards, Apple Pay, Google Pay, and PIX (in Brazil), to mention a few.
With support for several more localized payment and payout options on the horizon, Ramp will be able to better serve its large user base in Europe, the US, Latin America, and other locations while also offering more ease to users thanks to today’s updates.