CHAINWIRE CORRECTION: Ramp Integrates L2 Network Base Into Its Fiat-to-Crypto Service

Transparency directive : regulatory news

09/08/2023 14:54

Chainwire
CORRECTION: Ramp Integrates L2 Network Base Into Its Fiat-to-Crypto Service

09-Aug-2023 / 13:54 GMT/BST
The issuer is solely responsible for the content of this announcement.

London, United Kingdom, August 9th - Ramp Network, a financial technology company building payment rails connecting crypto to the global financial system, has added support for Base, the Coinbase-developed Layer 2 network. The integration means that Ramp users can seamlessly convert their fiat money into Base-native ETH and USDC.

Designed to support fast and low-cost transactions, Base is an Ethereum L2 that’s built using Optimism’s rollup technology. In late July the network opened its mainnet to developers, followed by an official launch on August 9.

Base has already witnessed an influx of users seeking to access the new tokens and DeFi primitives emerging on the Layer 2 chain. Ramp’s decision to add support for Base creates a valuable pipeline for entering the Base ecosystem, making it easier for users to direct digital assets to where they’re needed.

“In alignment with our steadfast commitment to giving our users choice and greater access to the ecosystem’s Layer 2 solutions, Ramp will support Base right from its inception, enabling transactions with ETH and USDC from day one. Exciting times ahead!” stated Szymon Sypniewicz, CEO of Ramp.

Developing reliable on- and off-ramps is critical to bootstrapping emerging crypto networks. Ramp’s integration of Base arrives at a crucial time for the nascent chain, giving users the confidence to explore the L2 with confidence.

The Ramp platform now supports the conversion of dozens of fiat currencies into ETH and USDC on Base, allowing users to start exploring its growing ecosystem in minutes.

In addition to directly benefiting users of the Coinbase-supported chain, Ramp’s integration of Base will aid third-party developers. It will empower them to create applications that integrate Ramp’s fiat-to-crypto service. This will accelerate the creation of novel apps that capitalize on the powerful network effects afforded by the new layer2.

About Ramp

Ramp 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 provides businesses and individuals across
150+ countries with a streamlined and smooth experience when converting
between cryptocurrencies and fiat currencies. Ramp is fully integrated with
the world’s major payment methods, including debit and credit cards, bank
transfers, Apple Pay, Google Pay, and more.

Learn more: https://ramp.network/

Contact:
Leora Schreiber
pr@marketacross.com

Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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CHAINWIRE CORRECTION: Ramp Integrates L2 Network Base Into Its Fiat-to-Crypto Service

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