Support for these new national currencies should boost our market-leading conversion rates even further.
We estimate that the impact of these new additions on user conversion will be substantial, increasing them by up to 10 percentage points - as users experience enhanced convenience, predictability, and transparency.
“Ramp is always looking to offer the best experience to users. We’re excited that we can now eliminate the uncertainty of foreign exchange fees for users. Users can utilize their debit or credit card issued in currencies other than USD, EUR, or GBP without worrying about significant surcharges in foreign exchange fees by their banks. This might not only save their money but also provide peace of mind when making international transactions." Ker Farn Lee, Senior Product Manager at Ramp’s payments division.
Tailor-made experiences with local payment methods
Additionally, transactions with local payment methods are processed in local currencies by default, enabling us to cater to specific regions and provide a more tailored experience.
The introduction of local currencies is a step toward offering more local payment methods, like PIX in Brazil - forging an even deeper local presence in the key markets.
For a comprehensive list of available currencies, please visit this page.
We’re confident that this change will boost the Ramp experience for you and your users. Let’s work together to bring these benefits to everyone!
In February, we focused on simplifying users’ onboarding to crypto by removing complexities from traditional verification processes and introducing alternative login options. We also continued to establish new partnerships and expanded the number of cryptoassets we offer.
January at Ramp has been all about enhancing our offerings and streamlining user experiences. Our focus has been on expanding our fiat currency options, introducing new cryptoassets, and ensuring compliance with important regulatory standards.