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Ramp Network Partners with MetaMask to Enable Direct Crypto Withdrawals from Ethereum Layer-2 Networks
Ramp Network, a leading crypto on-and-off ramp solution platform, has announced a significant partnership with MetaMask to enable direct withdrawals of Ethereum from layer-2 networks such as Optimism, Polygon, and BNB Chain.
Expanding Crypto Accessibility
This partnership allows MetaMask users to sell their tokens for fiat currency without having to bridge to the Ethereum mainnet, making it easier for users to access their funds. The collaboration, which began in September 2023, marks a significant step forward in expanding crypto accessibility.
MetaMask, a leading non-custodial crypto wallet, is connected to most decentralized applications and is owned by web3 software studio Consensys. With this partnership, Ramp Network is expanding its services to support over 35 local currencies across 130 countries, enabling MetaMask users with ETH on layer-2 networks to cash out into fiat through local banks.
Key Features of the Partnership
- Direct cash-outs to users through support for over 35 local currencies
- Support available across 130 countries
- MetaMask users with ETH on layer-2 networks can cash out into fiat through local banks
Ramp Network’s expansion efforts have been focused on providing users with seamless on-and-off ramp solutions. The platform’s services allow users to buy crypto with direct bank transfers, credit or debit cards, and local payment options.
Recent Developments
In recent months, Ramp Network has made significant strides in expanding its services. On January 18, the platform expanded its collaboration with World Chain, allowing Ramp customers to buy and sell World token and USDC on World Chain. Additionally, the integration introduced on-ramp and off-ramping services for both USDC and WLD on Optimism.
Ramp Network has also added support for crypto-to-fiat off-ramp for Mexican banks via integration with Sistema de Pagos Electrónicos Interbancarios (SPEI), allowing for real-time crypto-to-Mexican Peso payouts to its customers across Mexico. The platform has also expanded its services to all 50 U.S. states as well as the District of Columbia and is available in Brazil.
As the crypto landscape continues to evolve, it’s essential to stay informed about the latest developments and trends. For more news and updates on the crypto world, visit Global Crypto News.
