Ramp expands Crypto-to-Fiat support with SEPA transfers and 35 local currencies

London-based fintech company Ramp has expanded its off-ramp crypto-to-fiat services to include SEPA money transfers across Europe, creating a network of instant and seamless payments between users .

According to an official announcement sent to CryptoPotato, Ramp has added more than 35 local currencies to its Visa and Mastercard payment options. This expansion would allow users in supported countries to sell their crypto assets and add the appropriate amounts directly to their credit and debit cards.

Ramp expands payment currency support

New fiat currencies added to Ramp’s payment options include the Mexican peso, the Brazilian real, and the Malaysian ringgit. Users can now avoid the high exchange fees associated with bank transactions by trading cryptocurrencies in their local currencies.

Ramp users will not only skip high transaction fees, but also explore a two-way path to the web3 ecosystem, joining the space with their local currencies and trading their crypto assets into the same currencies when be necessary

“At Ramp, we understand that many of our users still need to use traditional fiat currencies in their daily lives. That’s why we ensure seamless checkout by allowing users to choose their preferred payment method and currency,” commented the CEO by Ramp, Szymon Sypniewicz.

Over time, Ramp will introduce support for additional localized payment and payment methods targeting users in the United States, Latin America, Europe, and other regions.

“Ramp Exit has long been the benchmark for coverage, transaction speed and pricing in the market, and we are committed to maintaining that standard by staying closely connected and relevant to our users’ needs throughout the world,” Sypniewicz added. .

Driving the adoption of conventional cryptography

Ramp claims to be a leader in the crypto-to-fiat ramp space, with support for over 40 tokens and a reach spanning 130 countries. The company said it is focused on driving mainstream adoption of crypto assets by maximizing the number of supported payment options for users.

The company insists it was the first major off-ramp platform to introduce real-time payments in the U.S. and pioneered Visa and Mastercard global payments. By including SEPA in its services, the company will offer cost-effective real-time cross-border payments for European users.

Meanwhile, Ramp’s payment methods go beyond credit and debit cards and include bank transfers, Apple Pay, Google Pay, and the Brazilian instant payment ecosystem known as PIX.

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