Convert Fiat to ETH & USDC: Ramp Network’s Latest Integration
• Ramp Network adds support to the Ethereum Layer 2 chain Base.
• Integration will allow clients to convert dozens of fiat currencies into ETH and USDC.
• Third-party developers can use Ramp’s services to create applications.
Ramp Network Adds Support To The Ethereum Layer 2 Chain Base
Ramp Network – a fintech startup that offers payment infrastructure to connect crypto and traditional finance – has added support to the Ethereum Layer 2 chain Base. The integration will aid third-party developers and enable clients to convert dozens of fiat currencies into ETH and USDC. According to a document seen by CryptoPotato, Ramp Network’s CEO Szymon Sypniewicz stated: „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!
Benefits Of Integration
Besides allowing the conversion of fiat to the aforementioned digital currencies, the integration of Base will also support third-party developers. It will enable them to create applications using Ramp’s services which in turn accelerates novel apps that capitalize on network effects afforded by new layer 2 technologies.
Ramp Network Expansion
Launched in 2017, Ramp Network has expanded its presence over the years, establishing offices in the United Kingdom, the European Union, Saudi Arabia, Singapore, Brazil, Canada, South Korea and more countries around the world. This allows it’s clients access financial products such as loans backed by crypto collateral no matter where they are located globally.
What Is Base?
Base is an Ethereum Layer 2 technology developed by Coinbase that enables faster and cheaper payments within its own ecosystem while leveraging scalability features offered by blockchain networks like Plasma or ZK-Rollups. It also supports multiple assets (ERC20 tokens) as well as more complex smart contracts on its platform for payouts and other operations with lower fees than what we see on mainnet today. Moreover it has built an open source wallet for providing secure storage solutions for users‘ funds which is great news for those who are looking for extra security when it comes down to their holdings on any public blockchain system out there these days..
Overall this partnership between Ramp Network and Coinbase’s BASE protocol is yet another positive sign when it comes down towards mainstream adoption due increasing number of projects working towards producing better scalability solutions while still maintaining a high degree of decentralization at all times – something that not only makes crypto technologies more attractive but also gives people even more ways how they can leverage blockchain technologies in order improve their lives financially