Users from 35 US states and territories can now cash out from 37 cryptoassets directly via Ramp and into their bank accounts. Europe and global coverage to follow in January 2023!
We’re ecstatic to announce that today we’re officially launching our off-ramp. Hooray! Starting now, end-users can not just purchase, but also cash out of crypto directly with Ramp Network.
Initially, off-ramp is available for users in 35* states and territories in the United States for 37** cryptoassets across 18** different blockchains, and for US Dollars. We’re working as fast as we can on adding more states, countries, assets, and currencies - so expect to hear news soon!
We’re so far the only major off-ramp provider to offer Real-Time Payments (RTP) in the United States. RTP allows users to receive funds in as little as 20 seconds, rather than hours or even days. Further payout methods will be announced in January 2023.
Our off-ramp product is ready to be integrated by new and existing partners seeking to offer their users a fast, secure and convenient way to exchange crypto for US dollars, directly from within their interface.
Reducing friction associated with moving between traditional currencies and digital assets is the greatest barrier to the widespread adoption of cryptocurrencies. On-ramps and off-ramps play a pivotal role in tackling this by creating a reliable flow between fiat and cryptocurrencies.
Whereas our on-ramp product allows users to convert their fiat money into cryptocurrencies, off-ramp empowers users to transfer their digital assets back into fiat currency - enabling an integrated, 2-way digital economy between web3 and the traditional financial system.
Ramp Network’s off-ramp product offers highly competitive fees of just 0.99% per transaction (with a minimum of $3.99). Integrators may also set up an extra fee for their services.
Initially, end users will have the option to process their transactions through automated clearing house (ACH) transfers, a common method used for direct deposits of paychecks, debts for regular payments, and money transfers.
Users whose banks allow for RTP will benefit from this faster method, which will see dollars deposited into their accounts typically in under 20 seconds.
We’re already working on expanding our off-ramp into the UK and Europe, and we’re also introducing new payout methods through 2023 to increase options for our global users.
Integrating Ramp Network into a Web3 application is easy and free. Just get in touch and get started with your integration!
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Ramp Swaps Ltd
Ramp Swaps Limited is a company registered in England and Wales under the company number 11850124, and registered with the UK Financial Conduct Authority (FCA) as a cryptoasset business. Ramp Swaps Ltd's office address is 81 Rivington Street, London EC2A 3AY.
Ramp Swaps (Ireland) Ltd
Ramp Swaps (Ireland) Limited trading as Ramp Network is regulated by the Central Bank of Ireland. Ramp Swaps (Ireland) Limited is a private limited company, with its registered office at 6th Floor, 2 Grand Canal Square, Dublin 2, D02 A342 and registered no. 739533.
Ramp Swaps LLC
Ramp Swaps is a limited liability company (LLC), registered as a money services business (MSB) with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). Ramp Swaps LLC's office address is 333 S. E. 2nd Avenue, Suite 2000, Miami, FL 33131. NMLS ID 2366547
Warning for Using self-custodial wallet: The provision of this service does not require licensing, registration or authorisation by the Central Bank of Ireland, and as a result is not covered by the Central Bank of Ireland rules designed to protect consumers or by a statutory compensation scheme.
Warning for Top up, Buy or Sell: If you invest in this product, you may lose some, or all, of the money you invest.
Warning for Top up, Buy or Sell: The value of your investment may go down as well as up.
Warning for Top up, Buy or Sell: Past performance is not a reliable guide to future performance.
Swaps are not available in the EU.
