💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueLearn More

Exclusive: Ramp Network expands its crypto services to all US states

Published 2024-09-10, 07:04 a/m
© Reuters
BTC/USD
-
ETH/USD
-
COIN
-

Investing.com - U.K.-based crypto infrastructure firm Ramp Network has expanded its services to support crypto asset purchases across all 50 U.S. states and the District of Columbia, Investing.com has learned.

The company, which builds payment infrastructure connecting crypto to the mainstream financial system, added 17 more states to its platform, broadening access to its services nationwide.

Previously available in 33 states and the District of Columbia, Ramp Network's onboarding services allow users to buy and sell over 100 cryptocurrencies with “fast delivery and high transaction limits.” 

The recent expansion brings access to more than 100 million additional users in states such as New York, Florida, Louisiana, and Ohio, allowing them to use bank cards and Apple (NASDAQ:AAPL) Pay to buy popular cryptocurrencies like Bitcoin, Ethereum, and Solana, among others.

Szymon Sypniewicz, CEO and Co-Founder of Ramp Network, noted that the U.S. is the company’s largest market.“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,” he said.

The expansion comes amid growing interest in crypto in the U.S. A report from Coinbase (NASDAQ:COIN) reveals that Bitcoin is a hot topic for Americans, whether they are invested in it or not. 

According to Coinbase research, 58% of Americans are aware of Bitcoin, and 15% are considering acquiring crypto in the near future. As more states regulate cryptocurrencies, the demand for simplified onboarding solutions like Ramp's is expected to grow.

Ramp Network, which partners with major crypto wallets such as MetaMask, Trust Wallet, and Exodus, serves more than 150 countries and regions and supports purchases in 42 fiat currencies. The company recently launched a document-free verification system in Brazil to speed up crypto purchases, with plans for a wider rollout.

Ramp focuses on simplifying digital asset transactions by enabling developers to integrate crypto on-ramps and off-ramps directly into their applications. The company is also expanding support for local payment methods in Argentina, Mexico, India, and other countries to help make Web3 more accessible worldwide.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.