Just six days after securing a Virtual Asset Service Providers (VASP) registration in Ireland, the well-known crypto infrastructure firm Ramp Network has unveiled an ambitious project. The financial platform has taken significant steps to enhance its crypto-to-fiat off-ramp by introducing SEPA Instant bank transfers in Europe. Additionally, it has expanded its payout options through Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) to include over 35 local currencies.

Ramp Network Addresses High Exchange Fees Issue

This latest offering allows users to convert their digital assets into fiat currency, which is then directly credited to their credit or debit cards. However, this service is currently available only in select countries such as Brazil, Malaysia, and Mexico due to regulatory constraints.

Szymon Sypniewicz, CEO of Ramp Network, stated, "At Ramp, we recognize that many of our users still require traditional fiat currencies for their daily transactions. That's why we ensure seamless cashing out by offering users the choice of their preferred payment method and currency."

"Ramp's off-ramp has consistently set the standard for coverage, transaction speed, and pricing in the market, and we are committed to maintaining this standard by staying closely connected and relevant to our users' needs worldwide," he added.

As a result, millions of users can now convert crypto into their respective currencies. Supported fiat currencies include the real, peso, ringgit, and any other currency supported on Ramp Network.

This provision by Ramp Network eliminates the issue of excessive exchange fees typically imposed by banks. Furthermore, users are assured of a two-way path into Web3.0, where they can easily enter using their local currency and then decide whether to convert their crypto back to the same local currency or not.

Ramp Network's Focus on User-Centric Services

Normally, the financial service provider offers up to 40 tokens on its platform and boasts a wide reach covering 130 countries. This latest development represents Ramp Network's effort to streamline the cash-out process for users across various jurisdictions where its services are accepted.

This expansion also marks a significant milestone for SEPA Instant, offering users real-time cross-border payouts. Beyond the expansion, this move allows the platform to offer cost-effective financial services and ensures that Ramp users can swiftly sell almost any digital currency for EUR at competitive rates.

Overall, Ramp Network has demonstrated a commitment to providing convenient financial services to its users. Positioned as a pioneer in mainstream crypto adoption, Ramp Network aims to maximize the availability of supported payment options for users. Over the years, Ramp Network has forged key user-centric partnerships, including one with decentralized crypto wallet infrastructure and service provider Trust Wallet.