Velocity Labs has entered into a strategic partnership with Ramp Network to facilitate fiat-to-crypto conversions within the Polkadot ecosystem through Asset Hub integration.

The collaboration between Velocity Labs and Ramp Network aims to address the significant challenge of fiat-to-crypto onramps in the DeFi space. By leveraging Ramp Network's leading onramp infrastructure and integrating it with Asset Hub, the partnership seeks to enhance accessibility to crypto assets for users across the Polkadot ecosystem.

Velocity Labs initiated discussions with Ramp Network in November last year with the goal of optimizing Asset Hub's accessibility and unlocking its full potential. Asset Hub serves as a system parachain within the Polkadot network, functioning as a central hub for asset creation, management, and utilization. Despite its pivotal role, Asset Hub faces constraints in user experience and developer experience. Velocity Labs is dedicated to overcoming these limitations to maximize Asset Hub's impact.

Ramp Network, a prominent financial technology company, specializes in bridging the gap between the crypto economy and the traditional financial infrastructure. Through its comprehensive on- and off-ramp solutions, Ramp Network facilitates seamless conversions between cryptocurrencies and fiat currencies for businesses and individuals worldwide. The integration with Ramp Network enables Asset Hub users to access a wide range of payment methods, including debit and credit cards, bank transfers, Apple Pay, and Google Pay.

Velocity Labs, founded with the mission of catalyzing DeFi innovation within the Polkadot ecosystem, comprises a team of seasoned Polkadot veterans and DeFi experts. The company is dedicated to building essential market infrastructure and tooling to unlock the full potential of Polkadot.

As Velocity Labs continues to expand its efforts, the company actively seeks talented builders to join its mission of creating an efficient and resilient DeFi ecosystem on Polkadot. Interested individuals are encouraged to reach out to Velocity Labs through the provided form.