Ramp’s Latest Integration Allows Users to Convert Fiat Into ETH and USDC
Ramp Network – a fintech startup that offers payment infrastructure to connect crypto and traditional finance – 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.
‘Exciting Times Ahead’
According to a document seen by CryptoPotato, Ramp Network has dived even further into the world of crypto by integrating the Coinbase-developed Layer 2 network – Base. Speaking on the matter was the company’s CEO – Szymon Sypniewicz:
“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!”
Besides allowing the conversion of fiat to the aforementioned digital currencies, the integration of Base will support third-party developers. It will enable them to create applications using Ramp’s services.
“This will accelerate the creation of novel apps that capitalize on the powerful network effects afforded by the new layer 2,” the document reads.
Launched in 2017, Ramp Network has expanded its presence over the years, establishing offices in the United Kingdom, the United States, and Poland. It employs over 160 people globally and supports more than 40 crypto assets.
Base’s Recent Developments
The collaboration with Ramp Network comes less than a month after Base opened its mainnet for builders, allowing them to deploy their products. The entity introduced various tools to support the developers’ efforts, including smart wallet infrastructure, node providers, and data indexers.
The team behind Base also vowed to release a “Genesis Builder” non-fungible token (NFT) to commemorate those who hopped on the bandwagon from day one. Nonetheless, it has no intentions of issuing a network token.
In addition, Base revealed that a public launch scheduled for August will enable more users to onboard the network:
“With our mainnet GA launch in early August, we’ll welcome everyday users to feel how on-chain is the next online with a seamless, easy, secure experience across hundreds of products on Base.”
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Text source: CryptoPotato
