Convert Fiat Into ETH and USDC Instantly with Ramp’s Integration
• Ramp Network – a fintech startup that offers payment infrastructure to connect crypto and traditional finance – added support to the Ethereum Layer 2 chain Base.
• The integration will aid third-party developers and enable clients to convert dozens of fiat currencies into ETH and USDC.
• This will accelerate the creation of novel apps that capitalize on the powerful network effects afforded by the new layer 2.
Ramp Network Integrates Ethereum Layer 2 Chain Base
Ramp Network, a fintech startup that specializes in connecting traditional finance with cryptocurrency, has announced its integration with the Coinbase-developed Ethereum Layer 2 network – Base. This integration will provide third party developers with access to Ramp’s services as well as allowing clients to convert dozens of fiat currencies into ETH and USDC.
Benefits of Integration
The CEO of Ramp Network, Szymon Sypniewicz spoke about their decision to integrate Base: “We are committed to giving our users choice and greater access to the ecosystem’s Layer 2 solutions, so we are excited to support Base right from its inception, enabling transactions with ETH and USDC from day one.” In addition to providing users with more options for converting fiat currency into digital assets, this integration also enables third-party developers to create applications using Ramps services which accelerates the creation of novel apps taking advantage of the powerful network effects provided by Base.
Background on Ramp Network
Ramp was founded in 2017 with headquarters in London. Since then it has expanded its reach across Europe and now has offices in multiple countries including Italy, Spain, Netherlands, France, Germany and Poland. It offers a diverse range of products related to cryptocurrency payments such as debit cards, merchant payment processing solutions as well as instant bank transfers for sending money globally.
Ramp Network has integrated itself with Coinbase’s Ethereum Layer 2 network – Base which allows users to convert dozens of fiat currencies into ETH or USDC instantly. Third party developers can also take advantage of this integration by creating applications using Ramps services which accelerates the creation of novel apps benefiting from powerful network effects provided by Base. This is yet another step taken by Ramp towards expanding its presence within the world of cryptocurrency payments.
The recent addition made by Ramp Network demonstrates their commitment towards providing users with more choices when it comes to converting fiat currency into digital assets while also aiding third party developers in creating innovative applications using their services faster than ever before