Ramp Network to expand cryptoasset purchases to all 50 U.S. states and the District of Columbia
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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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