As a crypto investor with experience in navigating the European market, I’m thrilled to hear about Ramp’s recent expansion of its crypto-to-fiat off-ramp services. The addition of SEPA money transfers across Europe and more than 35 local currencies is a game-changer for me and many other users in the region.
As a crypto investor based in London, I’m excited about the latest development from Ramp, a financial technology company. They have expanded their crypto-to-fiat off-ramp services to include SEPA money transfers across Europe. This means that I can now easily and instantly cash out my cryptocurrencies using this network, making transactions seamless and convenient for me and other users in the European region.
In a recent communication to CryptoPotato, Ramp disclosed that they have incorporated over 35 local currencies into their Visa and Mastercard payout alternatives. Consequently, users in eligible nations can now convert and sell their crypto holdings, with the corresponding amounts being instantly credited onto their credit or debit cards.
Ramp Expands Payout Currency Support
Ramp has expanded its list of payout currencies, introducing the Mexican peso, Brazilian real, and Malaysian ringgit. By using these new options, users can execute transactions without incurring hefty fees commonly encountered when dealing with banks through traditional currency exchanges. Instead, they can trade cryptocurrencies in their local currencies for a more cost-effective solution.
Users of Ramp can bypass steep transaction fees and embark on a two-way journey into the web3 realm. They will be able to join this sphere using their local currencies as an entry point, and later exchange their cryptocurrencies back to these same currencies whenever required.
“Szymon Sypniewicz, CEO of Ramp, acknowledged that several of our users continue to rely on conventional fiat currencies for their everyday transactions. To cater to this need, we provide effortless withdrawal options, enabling users to select their preferred payment method and currency.”
Over time, Ramp will expand its options for localized payment and payout methods to accommodate users based in the US, Latin America, Europe, and various other regions.
As a researcher studying the competitive landscape of various financial marketplaces, I can confirm that Ramp’s off-ramp has set a high bar for features such as comprehensive coverage, swift transaction processing, and cost-effective pricing. To ensure we continue meeting these standards and remaining responsive to our diverse user base worldwide, my team and I are dedicated to maintaining open lines of communication and staying attuned to their evolving needs.
Driving Mainstream Crypto Adoption
As a crypto market analyst, I can tell you that Ramp positions itself at the forefront of the crypto-to-fiat off-ramp sector, offering support for over 40 digital tokens and catering to clients in more than 130 countries around the world. My role as an analyst involves closely monitoring industry trends, and I can confirm that Ramp’s mission is geared towards fostering mainstream crypto adoption by expanding its range of payment solutions for users.
As a crypto investor, I can tell you that this company takes pride in being the trailblazer for introducing real-time payments in the US market through major off-ramp platforms like Visa and Mastercard. Moving forward, they are expanding their services to include SEPA, which will enable European users to enjoy cost-effective, real-time cross-border payouts.
In addition to credit and debit cards, Ramp offers various other payment options. These include bank transfers, Apple Pay, Google Pay, and the widely used Brazilian payment system called PIX.
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2024-05-30 16:08